BHP says Westpac chairman will not stand for re-election on its board

(Image courtesy of BHP)

BHP Group said on Tuesday Lindsay Maxsted will not stand for re-election as a director, months after he brought forward his retirement as chairman of Westpac Banking Corp after a money-laundering scandal rocked the lender.

Maxsted will remain a member of the board, and on the risk and audit committees of the world’s biggest miner until the 2020 annual general meeting.

(By Nikhil Kurian Nainan; Editing by Sandra Maler)

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