Fortescue top dogs continue their exodus

Original article by Peter Ker
The Australian Financial Review – Page: 12 & 14 : 10-Jan-23

Fortescue Metals Group has advised that CFO Ian Wells will step down on 31 January in order to "pursue other opportunities". Adrian Prendergast of Morgans says the short notice period is unusual for Fortescue, given that it typically requires key executives to give six months’ written notice. Wells is the ninth senior executive to leave Fortescue in the last two years, and his departure follows the recent resignation of Guy Debelle as CFO of the Fortescue Future Industries clean energy subsidiary. George Boubouras of K2 Asset Management says further executive turnover at Fortescue is possible when Fiona Hick takes up the role of CEO at its mining division in February.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG,FORTESCUE FUTURE INDUSTRIES PTY LTD,MORGANS FINANCIAL LIMITED,K2 ASSET MANAGEMENT HOLDINGS LIMITED – ASX KAM

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