Ex-BHP CFO to replace Carroll at Anglo?

Australia's Herald Sun summarised it in one sentence: "The man who could borrow a billion dollars at one percent has decided to leave that job at BHP Billiton and is now officially on the market." He left the company at the end of February 2012.Vanselow's annual compensation package from BHP Billiton at the time of his resignation totaled US$6,067,035 or (P46,000) and his job was very secure. Why would someone walk away from that after having already been with the company for almost 23 years?

When asked the same question by BHP Billiton's board and by analysts, Vanselow answered that he was looking for the next step in his career, namely, "becoming the CEO of a publicly traded organisation somewhere in the world, probably with a business that has similar dynamics, which is capital intensive, long-term capital." He was about to turn 50 years old - and that was the age he had set for himself to be the CEO of a company.