Don Argus

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Don Argus
Nationality Australian

Don Argus is an Australian businessman, and the current chairman of BHP Billiton and Brambles.

Argus spent much of his early career in the banking industry. He was the general manager of products and service at the National Australia Bank (NAB) having being at the bank since the 1956. He became the Chief Executive Officer in October 1, 1990.[1] He was credited with leading NAB to recovery from a difficult period in the late 1980s. However there was criticism of huge financial losses from overseas acquisitions that occurred under his leadership.[2]

In joined the board at BHP in 1996, and in 1999 he assumed the role of chairman at the corporation, where he oversaw its merger with Anglo-African miner Billiton.[3] He was also part of the board of the winemaker Southcorp, but resigned following its acquisition of Rosemont. In 2007 he was named one of the most influential figures in Australian business by The Bulletin magazine.[4]

He is a close friend of former Prime Minister John Howard, and provided substantial financial backing to the Liberal Party campaign at the 1996 election.[5]

[edit] References

  1. ^ Aylmer, Sean. "A Spell For The Don Before BHP", The Sydney Morning Herald, February 3, 1999. Retrieved on 2007-09-24. 
  2. ^ Martin, Peter. "NAB writes off $3.3 billion on US investment", AM, September 4, 2001. Retrieved on 2007-09-24. 
  3. ^ Wood, Leonie. "BHP Banks On Argus", The Sydney Morning Herald, August 4, 1998. Retrieved on 2007-09-24. 
  4. ^ Greenwood, Ross. "Most Influential in Business: 7 Don Argus", The Bulletin, September 21, 2007. Retrieved on 2007-09-24. 
  5. ^ Mayne, Stephen. "What's driving BHP?", Crikey, May 1, 2007. Retrieved on 2007-09-24.