BHP and Woodside linked in CEO race as top executive emerges as contender

A senior resources executive is emerging as a potential candidate in leadership discussions involving two of Australia’s biggest companies.

Recent reports suggest Geraldine Slattery, currently president of Australia for BHP Group Ltd (ASX: BHP), is being considered for the chief executive role at Woodside Energy Group Ltd (ASX: WDS).

The situation has drawn attention because Slattery is also viewed internally as a possible successor to current BHP chief executive Mike Henry.

At the time of writing, the BHP share price is $51.77, up 1.05%, while the Woodside share price is $30.07, down 0.36%.

Let’s take a closer look at what we know so far.

A leadership crossroads for two resources giants

Slattery is widely seen as one of Australia’s most experienced resources executives, with senior roles across both the mining and energy sectors.

She currently leads BHP’s Australian operations and has played a key role in shaping the company’s domestic strategy.

Speculation has been building around BHP’s future leadership, with Slattery reportedly viewed as a leading internal candidate if Mike Henry eventually steps down.

If appointed, she would become the first woman to lead BHP in the company’s 140-year history.

At the same time, her name has also been linked to Woodside’s search for a permanent chief executive.

The oil and gas producer is continuing its leadership transition following the departure of former CEO Meg O’Neill.

Woodside weighing internal and external candidates

Woodside’s board is expected to appoint a new chief executive in the coming months as it reviews both internal and external candidates.

Several senior leaders inside the company are already seen as strong contenders.

These include acting chief executive Liz Westcott, chief commercial officer Mark Abbotsford, and chief operating officer for international operations Daniel Kalms.

A number of external candidates have also been mentioned in industry discussions.

Slattery is considered one of the leading outside contenders given her experience working across major energy assets, including projects previously operated by BHP.

Another name linked to the process is Nigel Hearne, chief operating officer at Harbour Energy plc (LSE: HBR) and a former Chevron Corporation (NYSE: CVX) executive.

Leadership decision could shape Woodside’s next phase

Whoever takes the role will inherit a company that has expanded significantly in recent years.

Woodside’s merger with BHP’s petroleum business reshaped the company and created one of the largest independent oil and gas producers listed on the ASX.

The company is now progressing major developments including the Scarborough gas project and the Pluto Train 2 LNG expansion.

These projects are expected to play an important role in lifting production in the years ahead.

Industry observers say the next chief executive will help guide Woodside through the next phase of global energy demand.

The post BHP and Woodside linked in CEO race as top executive emerges as contender appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Chevron. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.