Incoming BHP CEO Brandon Craig outlines growth strategy
Incoming BHP CEO Brandon Craig plans to secure growth beyond 2035 by increasing exploration and pursuing value-driven bolt-on acquisitions. Speaking at a conference in Miami, Craig emphasized using the company's strong balance sheet to move quickly on opportunities while maintaining fiscal discipline.
Incoming BHP Group Ltd-DI CEO Brandon Craig will pursue bolt-on acquisitions and exploration to secure the miner's growth through 2035. The strategy, detailed in a release to the Australia stock exchange on Wednesday, emphasizes value-backed deals over massive takeovers. This shift signals a tactical pivot for the world's largest miner after its $49B bid for Anglo American failed in May 2024.
### Shifting Focus to Long-Term Growth Options Brandon Craig, who takes the helm on July 1, outlined his priorities at a Bank of America conference in the United States on Tuesday afternoon. He plans to ramp up exploration and partner with peers to unlock value in adjacent operations.
