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(Bloomberg) -- BHP Group has appointed Ross McEwan as chairman, replacing Ken MacKenzie who will retire from the board at the end of next month.

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MacKenzie has led BHP’s board since September 2017, when he replaced former Ford Motor Co boss Jac Nasser, a veteran executive who spent a tumultuous seven years in the position. MacKenzie focused on lifting investor returns, repairing investor confidence and, later, overseeing a cautious return to growth.

His tenure included the divestment of the company’s vast oil and gas portfolio, but also its return to acquisitions and the audacious bid for Anglo American Plc.

MacKenzie’s retirement leaves decisions on future purchases to McEwan, who will also likely be the one to help select an eventual successor for BHP’s chief executive, Mike Henry, who has been in the role since early 2020.

McEwan, a former chief executive officer of Royal Bank of Scotland and National Australia Bank Ltd., has been a non-executive director on BHP’s board since April 2024.

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