One of the most important tasks of a company´s board is to ensure proper succession.
Having more than one candidate is a good thing, understanding that the losing candidate(s) are likely to leave.
That is why not only the candidates but their potential replacements need to be groomed.
Onésimo Alvarez-Moro
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The head of BHP Billiton's second-largest business unit is to resign after being overlooked for the job of chief executive.
The world's largest mining group, announced yesterday that Chris Lynch, who had been running the carbon steel materials division, would quit BHP's board at the end of the month and leave the company early in the coming financial year.
BHP said his responsibilities would temporarily be taken over by Chip Goodyear, the outgoing chief executive, and that an announcement about Mr Lynch's replacement would be made "in due course".
The reshuffle comes after BHP decided last week that Marius Kloppers, the South-African born director of its non-ferrous materials business unit, would take over when Mr Goodyear retires as chief executive at the end of September.
Mr Lynch said he was "looking forward to new challenges", without elaborating. He joined BHP in 2000 from Alcoa, the US aluminium company that is now trying to take over Alcan, its Canadian rival, with a $27.6bn hostile bid.
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