January 13, 2020 / 10:25 PM / 14 days ago

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

(Reuters) - BHP Group (BHPB.L) (BHP.AX) 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 (WBC.AX) 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.

Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sandra Maler

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