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BHP Group Ltd said on Wednesday it has appointed Mark Vassella as a non-executive director, with effect from June 1. Vassella is the former chief executive officer of BlueScope Steel Ltd. He started in the steel industry as a cadet at BHP Newcastle in New South Wales in the early 1980s. ‘We are delighted to announce that Mark Vassella will join BHP. Mark has extensive experience in the global steel industry. Mark brings a strong focus on global resource development, values-based leadership and relationships with people and community,’ BHP Chair Ross McEwan said. On Tuesday, Chief Executive Officer Elect Brandon Craig said BHP is open to making new deals as part of its growth strategy going forward, As announced in March, BHP’s incoming CEO is set to take the helm of the Melbourne, Australia-based diversified miner on July 1, replacing Mike Henry who has led the company since the beginning of 2020. Speaking in Miami, Florida, at the Bank of America Global Metals Mining and Steel Conference, Craig said: ‘We’ll continue disciplined, consistent growth developing the pipeline already in front of us and staying ready to act when value-accretive opportunities emerge. ‘One of my priorities will be ensuring we have options to grow well beyond 2035.’ The CEO elect said this includes increasing exploration and pursuing opportunities to partner with other companies ‘to unlock value in adjacent operations’ and through smaller bolt on acquisitions ‘when the value case supports them’. ‘And while we will remain extremely disciplined, our diversified model and strong balance sheet gives us the ability to move at pace if the right opportunity presents itself,’ Craig said. As of December 31, BHP had $13.47 billion of cash and cash equivalents, with total current assets of $25.93 billion and total assets of $116.01 billion. BHP shares closed 2.9% higher at A$61.52 in Sydney on Wednesday. In London in the morning, shares rose 3.7% to 3,311.00 pence. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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