* Henry to step down on July 1 after more than six years

* Craig, 53, has run key iron ore, copper divisions

* Henry departs leaving Craig many growth options -

analyst

(Adds details, context in paragraphs 2, 5-7, 15)

By Melanie Burton

MELBOURNE, March 18 (Reuters) - Mining giant BHP Group ( BHP )

on Wednesday promoted senior executive Brandon Craig to

CEO, succeeding Mike Henry, who will step down after more than

six years at the helm, as the industry undergoes a generational

shift amid a rush for copper.

Craig, 53, serves as president for BHP's Americas division

and led its Western Australia iron ore business for three years,

giving him top-level experience across BHP's two most important

businesses as demand soars for the minerals it retrieves.

A naturalised Australian, Craig holds a Master's in Business

Leadership and a Bachelor of Engineering (Mechanical) from the

University of Natal, in South Africa.

"He's run the iron ore business, and the Americas is

probably the most important business for BHP in the years

ahead," said Andy Forster of Sydney-based Argo Investments. "I

reckon he's super impressive."

Craig will step into the role on July 1 amid a generational

refresh of leadership among major miners grappling with

challenges and opportunities from elevated geopolitical risk,

artificial intelligence, and a rush to nurture new supply chains

for minerals deemed critical to the energy transition.

In the past six months, gold miners Barrick Mining ( B )

and Newmont Corporation ( NEM ) have replaced their CEOs, as has

BHP spinoff South32 ( SHTLF ), while Rio Tinto's

new CEO Simon Trott is less than a year into the top job.

The push to get at key metal copper is also driving a wave

of large-scale consolidation that is changing the face of major

companies.

Under Henry's stewardship, BHP became the world's top

producer of copper, the most cost-effective conductive metal

that is key to the energy transition.

The timing of Craig's appointment was surprising to some,

after insiders late last year said Henry still had plenty of

energy for the role. "I thought Mike might be around for

longer," Forster said.

HENRY'S LEGACY

In his tenure as CEO, Henry has overseen a major reshaping

of BHP's portfolio, including an exit from petroleum, the

scrapping of its dual-listing in the UK, and a shift toward

commodities such as potash and copper, which accounted for the

majority of BHP's profits for the first time in its most recent

half-year results.

"Henry was the first CEO in years to leave behind a cupboard

full of options for the next leader," said analyst Glyn Lawcock

of Barrenjoey in Sydney.

"If you think about what Mike walked into, the cupboard was

bare," he said. "They had tried to put options on the table with

shale but it didn't work. Grades were declining at Escondida,"

he said, referring to the copper mine in Chile that is the

world's largest.

"He leaves behind now a vision for copper South Australia, a

whole new copper precinct in Argentina and a pathway back to a

million tons a year at Escondida," he said.

Henry also oversaw several failed attempts at buying Anglo

American to expand BHP's long-term copper exposure.

Speculation last year had grown that BHP would appoint its

first female CEO, with bets on experienced petroleum executive

and head of Australia Geraldine Slattery, who was pipped at the

post by mining engineer Craig.