Australia’s Fortescue faucets Woodside veteran as CEO amid inexperienced vitality push By Reuters

(Reuters) – Australia’s Fortescue Metals Group (OTC:) on Tuesday appointed former Woodside (OTC:) Power govt Fiona Hick as its chief govt officer, efficient February 2023, as Elizabeth Gaines made manner for a brand new boss in August.

Hick joins Fortescue at a time when the iron ore big is delving into mining of important minerals and rare-earths and can also be striving to transition right into a inexperienced vitality agency via its unit Fortescue Future Industries (FFI).

Hick spent greater than twenty years at Woodside, most just lately as the chief vice-president of Australian operations, a part of the workforce that led the corporate via its $40 billion merger with world miner BHP Group (NYSE:)’s petroleum arm.

She’s going to lead Fortescue Metals’ mining arm, culminating a year-long search by the corporate’s billionaire-founder and chairman Andrew Forrest.

Hick will assist the corporate “step past fossil fuels”, mentioned Forrest.

Gaines, who oversaw a tripling within the share value of one of many world’s greatest iron ore miners prior to now 4 years, stays on Fortescue’s board as a non-executive director.

Final week, former Reserve Financial institution of Australia deputy governor Man Debelle stepped down because the finance chief of FFI. Mark Hutchinson, a former president of Basic Electrical (NYSE:)’s European operations, is slated to helm FFI by 2022-end.

(This story has been refiled to right the spelling of Fiona Hick’s surname in paragraph 5)