BHP Billiton’s new chairman is about to shake things up at the world’s largest mining company, according to Sanford C. Bernstein, which says that Ken MacKenzie will probably undertake a full-scale review of assets and strategy, and may demerge the petroleum business.
“Despite management’s reluctance to change at this stage, we believe that BHP is about to experience a radical shift in strategy, driven by the arrival, effective September 1, of the new chairman,” analysts including Paul Gait said in a note.
