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Jac Nasser to be BHP Billiton Chairman – Don Argus to Retire in Early 2010

Monday, August 10th, 2009

The BHP Billiton Board announce that Jac Nasser will succeed Don Argus as Chairman when Mr Argus retires as Chairman and a Non-executive Director in early 2010.
Jac Nasser joined the BHP Billiton Board as a Non-executive Director in 2006 and is a member of the Board’s Risk and Audit Committee.
He has extensive international business experience gained during his 33 years with the Ford Motor Company where he was President and Chief Executive Officer. Jac Nasser is also a Partner of One Equity Partners, the private equity arm of JP Morgan, a Director of British Sky Broadcasting plc and sits on the International Advisory Board of Allianz A.G.
Senior Independent Director for BHP Billiton Plc, John Buchanan, chaired the Board which oversaw the entire chairman succession process.
“Jac Nasser will make an excellent successor to Don Argus as Chairman. He combines deep international business knowledge along with outstanding financial, senior management and board experiences. The Board looks forward to Jac leading the Group as Chairman.” John Buchanan said.
The decision to appoint Mr Nasser was agreed by the Board following an 18 month selection process. The international recruitment firm, Heidrick & Struggles, was engaged as independent adviser by the Board to assist the Board in its deliberations and consideration of both internal and external candidates. KPMG supported the final process as scrutineer.
The Director renewal process underway for the past seven years ensured high quality internal candidates.
In making this announcement, the Board pays special tribute to the immense contribution Don Argus has made to BHP Billiton over many years of dedicated service. In the thirteen years since he joined the BHP Board, and particularly over his ten years as Chairman, Don has led BHP Billiton to the distinctive leadership role in its sector.
Mr Buchanan said that as part of the transition Mr Argus will stand for re-election at the upcoming Annual General Meetings and will retire from the Board in early 2010.
For further information visit: www.bhpbilliton.com

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