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Australia's Fortescue names former Woodside executive as CEO

November 29, 2022 1:24 AM EST

FILE PHOTO: The logo of Fortescue Metals Group adorns their headquarters in Perth, Australia, November 11, 2015. REUTERS/David Gray/File Photo

(Reuters) - Australia's Fortescue Metals Group said on Tuesday former Woodside Energy executive Fiona Hick will be appointed as chief executive officer in February 2023, months after Elizabeth Gaines stepped down in August.

The leadership change comes amid the miner's pivot towards green energy, instead of the pure-play iron ore producer it has historically been.

Hick, who was most recently the executive vice-president of Australian operations at Woodside, will lead its mining arm Fortescue Metals.

Last week, former Reserve Bank of Australia deputy governor Guy Debelle stepped down as the finance chief of Fortescue Future Industries (FFI), the green energy arm.

Fortescue and FFI have been trying to rapidly develop infrastructure and technology to produce green hydrogen.

(Reporting by Harshita Swaminathan; Editing by Uttaresh.V and Sherry Jacob-Phillips)



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