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"Mike Henry's deep operational and commercial experience, developed in a global career spanning the Americas, Europe, Asia and Australia, is the perfect mix for our next CEO," Chairman Ken MacKenzie said in a statement.
"I am confident his discipline and focus will deliver a culture of high performance and returns for BHP."
Henry joined the global resources company in 2003 and has led its Australia minerals operations since 2016.
The Canadian said he was "honoured and privileged" to be appointed to the position, pledging to "unlock even greater value from our ore bodies and petroleum basins".