Fortescue-Green Energy with New CEO
2022.11.29 02:16
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Fortescue-Green Energy with New CEO
Budrigannews.com – The Fortescue Metals Group of Australia (OTC:)appointed former Woodside on Tuesday (OTC:) Fiona Hick, a former energy executive, will take over as CEO in February 2023 after Elizabeth Gaines left in August to be replaced.
Hick joins Fortescue at a time when the iron ore giant is expanding into the mining of critical minerals and rare earths. Additionally, Fortescue is working through its unit Fortescue Future Industries (FFI) to become a green energy company.
Hick worked for Woodside for more than two decades. He most recently held the position of executive vice president of Australian operations. He was a member of the team that guided the company through its $40 billion merger with the global mining company BHP Group (NYSE:)’s petroleum division.
She will lead Fortescue Metals’ mining division, bringing an end to a year-long search conducted by the billionaire chairman and founder of the company, Andrew Forrest.
Forrest stated that Hicks will assist the company in “stepping beyond fossil fuels.”
Gaines remains a non-executive director on Fortescue’s board, where he oversaw a threefold increase in the share price of one of the largest iron ore miners in the world over the past four years.
Guy Debelle, the finance chief of FFI, resigned last week after serving as deputy governor of the Reserve Bank of Australia.Former General Electric president Mark Hutchinson (NYSE:)by the end of 2022, is expected to lead FFI’s European operations.
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