23 November 2016
BHP Billiton Limited and BHP Billiton Plc confirm that John Schubert retired as a non-executive Director of the Company with effect from 17 November 2016. The following information is provided in accordance with section 430 (2B) of the UK Companies Act 2006:
The Company's Remuneration Report for the financial year ending 30 June 2017 will include the remuneration earned by Mr Schubert during his appointment as a non-executive Director for the financial year ending 30 June 2017.
Mr Schubert has not and will not receive any remuneration payments upon ceasing to be a Director of the Company other than his retirement benefit entitlement under the Retirement Plan of BHP Billiton Limited (closed on 24 October 2003) disclosed in the Company’s Remuneration Report for the financial year ending 30 June 2016 (section 3.4.26) in the final amount of US$271,633 as of 17 November 2016, together with the Company’s normal fees for an independent non-executive Director and fees for membership of the Sustainability Committee and the Nominations and Governance Committee payable for the period from 1 July 2016 to 17 November 2016.
For more information, please see our News Release.