Banking vet Ross McEwan selected as new BHP chair

BHP has announced that its chair of eight years, Ken MacKenzie, is to retire from the board at the end of next month and will be replaced by banking veteran and former RBS boss Ross McEwan.

BHP Group Limited NPV (DI)
12 February 2025 07:33:32

Source: Sharecast

MacKenzie is to step down on 31 March, having joined the board in September 2016 and been chair since September 2017. During his tenure, he is said to have overseen the strategic transformation of BHP's portfolio towards future-facing commodities.

""It has been a privilege to serve as the chair of BHP for the last eight years and as a director for nine years and I am proud of what the board and management has achieved during that time," MacKenzie said in a statement.

"Ross is an excellent choice as leader of the board, and I wish him every success in the role."

McEwan, who has served as independent non-executive director since April of last year, has more than 30 years' global executive experience, particularly in the financial services industry, having worked as the CEO of National Australia Bank from 2019 to 2024 and CEO of the Royal Bank of Scotland from 2013 to 2019.

He has also held executive roles at Commonwealth Bank of Australia, First NZ Capital Securities and National Mutual Life Association of Australasia / AXA New Zealand.

"As incoming chair, I am committed to generating long-term value for all our shareholders and will work tirelessly with the board and management to achieve this. I look forward to continuing to take this great company forward," McEwan said.

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