Title: Retired Resource Industry Executive
Location: Melbourne, Victoria, Australia
John B. Prescott AC, Former Managing Director and Chief Executive Officer at BHP Group, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in industrial relations.
Having accrued more than 60 years of inimitable experience in his field, Mr. Prescott is a renowned industrial relations manager and resources industry executive. Commencing his career in the steel and shipping industries with The Broken Hill Proprietary Company Limited, now the BHP Group, in 1958, Mr. Prescott earned a BComm in industrial relations in 1962. Progressing in his career, Mr. Prescott moved to line transport positions in 1973, became general manager of BHP Transport in 1982 and was chief executive of BHP Steel from 1987 to 1991. Additionally, he notably served as director of the BHP Group from 1988 to 1998 and was the managing director and chief executive officer from 1991 to 1998.
Up until serving in his top executive roles with The Broken Hill Proprietary Company Limited, Mr. Prescott had utilized his expertise while serving on various committees. In the 1980s, he was a member of the Transport Industries Advisory Council, Australian Shipping Defense Council, Stevedoring Industry Consultative Council, Council of the Australian Maritime College, Maritime Industry Council of Australia and Defense Industry Executive Committee. From 1990 to 1995, Mr. Prescott was chairman of the Australian Manufacturing Council, as well as deputy chairman of the Australia-United States Coral Sea Commemorative Council in 1991 and chairman of the “Best Practice” Demonstration Program from 1991 to 1993.
In the more recent years of Mr. Prescott’s career, he served the federal and state governments in various roles including as joint head of the Australian Submarine Project Review in 1999, advisor to the Minister for Defense in 2000, chairman of ASC Pty Ltd. from 2000 to 2009 and chairman of QR Limited from 2006 to 2010. From 2010 to 2016, Mr. Prescott was notably appointed a member of the Australian Commonwealth Remuneration Tribunal, which sets remuneration for federal ministers, other parliamentarians and holders of senior public positions. Mr. Prescott has held many other industry and community roles in Australia and globally, including a director of Normandy Mining Limited and the Newmont Mining Corporation, trustee of The Conference Board, director of the World Economic Forum and member to several advisory boards. In 2018, he co-authored the work, “The Succession Pipeline: How to Get the Talent You Need When You Need It.”
Mr. Prescott was the president of the Institute of Public Affairs from 1999 to 2001, and is also a fellow of the Australian Academy of Technological Sciences and Engineering, Australian Institute of Management and Australian Institute of Company Directors. For his exceptional prowess in his field, he was granted an honorary LLD from Monash University in 1994 and an honorary DSc from the University of New South Wales in 1995. Additionally, Dr. Prescott was honored with a Companion in the Order of Australia in 1996 and an Australian Centenary Medal in 2002. To attest to his career accomplishments and achievements, Dr. Prescott can also be found in various editions of Who’s Who in Finance and Business, Who’s Who In Finance and Industry, Who’s Who in America, Who’s Who in Science and Engineering and Who’s Who in the World.
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