Billionaires Andrew and Nicola Forrest have resigned as co-chairs of their multibillion-dollar charity Minderoo just months after the organisation shed almost one-third of its workforce.
In a statement released on Thursday, the mining magnate confirmed the move would allow him to dedicate more time to decarbonising his iron ore business Fortescue by 2030.The pair have announced prominent barrister and academic and Minderoo board member Allan Myers KC as their successor, but will continue to serve as non-executive directors.
Andrew Forrest said his focus was firmly on addressing climate change and driving the global adoption of Real Zero across Fortescue and global industry.His ex-wife Nicola echoed those sentiments, saying the threats facing children, families, communities and the natural ecosystem required their collective focus.
The news comes just six months after the organisation embarked on a major restructure aimed at spending less of its costs on administration and getting more funds to its beneficiaries.The organisation, which operates out of the refurbished riverside Swan Brewery Andrew Forrest purchased in 2019, had 300 staff on the payroll at the time.
Since its inception in 2001, Minderoo’s initiatives have grown to span early childhood education, research into ocean pollution and work against modern slavery.
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