Local shares make gains as reporting season continues, and the chief executive of Fortescue leaves after less than six months. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
After the earlier announcement that CEO Fiona Hick is exiting the miner after only taking up the job in February,Full-year profit fell to $US4.8 billionFortescue says itShareholders will receive aCEO exit latest in string of Fortescue changesMining giant Fortescue is due to release its financial results today, but so far nothing on that front has hit the ASX.It follows the announcement in the last hour that chief executive Fiona Hick will leave the miner, after joining less than six months ago.
This morning, the Fortescue board said it had "decided to expedite the appointment of Dino Otranto" as the boss of Fortescue Metals. It's the latest in a series of leadership changes at the mining firm, which is led by its founder and executive chairman Andrew Forrest.Mark Barnaba has relinquished his role as an independent director but will remain as deputy chairmanJennifer Morris resigned as a non-executive director in JuneChristine Morris appointed CFO from 2 June
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: Telstra’s chairman Mullen resigns, Dunn to takeover; Fortescue Metals, NEXTDC to reportShares are set to open higher; Telstra’s chairman-elect was AMP’s former CEO; iron ore giant Fortescue Metals to report; July retail sales figures at 11:30am AEST. Follow here for more.
Read more »
Live: ASX looks set to rise, Fortescue boss goneLocal shares could make gains as reporting season continues, and the chief executive of Fortescue leaves after less than six months. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »
ASX set to rise before a big week of data; Fortescue to reportAustralian shares are expected to lift as a trove of economic numbers and a big finish to reporting season loom, including Andrew Forrest’s mining company.
Read more »
Live: ASX looks set to rise, US Federal Reserve to 'proceed carefully' on ratesLocal shares could make gains as reporting season continues and the market awaits retail sales data. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »
Fortescue board bolstered by ex-CSIRO boss Larry MarshallThe appointment, announced at Fortescue’s 20th birthday party, adds scientific weight to the board as Fortescue prepares to make final investment calls on five green energy projects.
Read more »
Pilbara native title case: the fight to decide if Fortescue pays compensation to Indigenous ownersThe Yindjibarndi people say WA and Fortescue must pay for the destruction of sacred country and community
Read more »