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BHP Billiton Chairman Jac Nasser to Step Down Next Year

LONDON— BHP Billiton Ltd. BHP -0.72 % Chairman Jac Nasser said he plans to step down as chairman of the mining giant next year.

At the company’s annual general meeting in London on Thursday, Mr. Nasser said he wouldn’t seek re-election as its chairman at next year’s meeting.

He said he had planned to announce his retirement last year but decided to stay due to the tailings dam disaster at its Brazilian joint venture Samarco, which it operates alongside Vale.

“Now that the basic structure of the Samarco response is in place… I have decided that I will not seek re-election” next year, Mr. Nasser said.

Write to Scott Patterson at US Business

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