Fortescue unveils ‘core’ leadership team, names Gaines new CEO
JOHANNESBURG (miningweekly.com) – Iron-ore miner Fortescue Metals has rearranged its management to form a core leadership team, led by new CEO Elizabeth Gaines.
Gaines is moving from her position as CFO and is replacing Nev Power, who in September announced that he would step down early next year.
“It is an aversion to being the smartest person in the room, her obvious and effective collegiality and ability to communicate at all levels of both the organisation and the community that led to the board’s decision to select Elizabeth over an outstanding international field of CEO applicants,” chairperson Andrew Forrest said on Thursday.
Gaines, who is only Fortescue’s third CEO, after Forrest and Power, will be replaced by Ian Wells, who is moving from his current role as group manager for corporate finance.
Fortescue named Greg Lilleyman its COO. He most recently held the position of director of operations.
The group also established a new role of deputy CEO, which will be filled by the general manager of Fortescue’s Solomon operations, Julie Shuttleworth.
Forrest said that Fortecue’s shift from a traditional leadership focus to a new core leadership team, with active board support, came as the group was working towards a target of shifting the majority of its production to 60%-plus iron content, which would see it compete head-to-head in the higher grade markets. This target would be achieved through the Firetail replacement project.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation