Some Australian BHP investors push for external candidate for CEO By Reuters

MELBOURNE (Reuters) – At least three institutional investors in Australia are pushing for global miner BHP Group (AX:) (L:) to consider external candidates to replace Andrew Mackenzie as new CEO, sources with direct knowledge of the matter said.

The move highlights nascent investor pressure on the world’s biggest miner to consider drastic changes in management to tackle challenges like cutting costs, an eventual return to lower iron ore prices, and rebuilding its reputation after a Brazil dam disaster.

“We are quite firmly of the view that it needs to be an external candidate … We just don’t see anybody internally that could make a material improvement to the status quo,” one of the three institutional investor sources said.

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