Jotters hail a new era at BHP Billiton, saying Andrew Mackenzie's management shake-up signals he's serious about cutting costs.

The new management structure for BHP Billiton ushered in by incoming chief executive Andrew Mackenzie dominates the pages of Australia’s leading business scribes. The new boss has underlined the miner’s immediate future as a more frugal operator, headlined by his own lower chief executive pay, and its potential as a more friendly company for shareholders, as well as his philosophical differences in management with the outgoing Marius Kloppers and the new rising stars of BHP Billiton.



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