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Published by: dailynews
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Fortescue’s Iron Ore CEO Resigns After Less Than Six Months

Published by: dailynews
Published on:

Fortescue Metals Group Ltd. said the company’s chief executive officer of its iron ore division, Fiona Hick, had resigned after less than six months in the role.

Hick, who joined the company from oil and gas producer Woodside Energy Group Ltd., will be replaced by Dino Otranto, the company’s chief operating officer for iron ore. Otranto, a former Vale SA executive, will head up the metals business, while Mark Hutchinson will remain chief executive of the green energy arm.

Hick’s sudden departure was “friendly and mutual,” the company said in a statement on Monday.

Read the full story on Bloomberg here.