Albemarle taps BHP veteran Udd as next CEO
Lithium giant picks a resources veteran to steer the company as battery-metal demand accelerates worldwide.
Albemarle, the world's largest lithium producer, announced the appointment of BHP executive Ragnar Udd as its future CEO, effective February 1, 2027. Udd, currently BHP's chief commercial officer, succeeded Kent Masters, who will become executive chairman. Albemarle chairman James O'Brien Steiner praised Udd's extensive commercial and operational expertise in natural resources and his ability to lead global commercial strategy and disciplined growth.
The new CEO will benefit from Albemarle's industry-leading portfolio and operational capabilities, as lithium demand has surged 45% globally since this time last year, outpacing supply growth. Udd boasts 25 years of experience in managing resources businesses across Australia, Asia, and North and South America, mirroring Albemarle's global footprint.
As BHP's chief commercial officer, he oversaw global sales and marketing, procurement, maritime activities, and commodities market strategy. Udd expressed his excitement about joining Albemarle and his intention to build on the company's strong Energy Storage and Specialties businesses.
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