Fortescue makes changes to board
PERTH (miningweekly.com) – Iron-ore miner Fortescue Metals has announced the resignation of nonexecutive director Jennifer Morris, effective from the end of June.
Fortescue nonexecutive director Penny Bingham-Hall will replace Morris as chair of the remuneration and people committee, effective from July 1.
Meanwhile, former CEO Elizabeth Gaines will transition into a new role as an executive director, also effective from July 1.
Gaines returned to her position as a nonexecutive director and became a global ambassador for Fortescue in August 2022. The global ambassador role, which is in addition to her position as a director of Fortescue, has required significantly more time and commitment than was originally anticipated and to recognise and secure Gaines’ commitment to Fortescue, consistent with good corporate governance, Gaines will remain on the board as a director and will transition into a part-time executive director role reporting directly to the executive chairperson.
Fortescue and Gaines have entered into an employment agreement in respect of her new role as executive director.
“Over the past decade since joining Fortescue, I have been honoured to serve in various roles including nonexecutive director, CFO, CEO and global ambassador. I look forward to continuing to work with the executive chairman and the talented team across the business as we lead industry to decarbonise the mining operations and transition Fortescue to a global green energy and resources company,” Gaines said on Friday.
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