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Chairman
Mr Forrest started Fortescue in April 2003 and was the driving force behind the creation of the Pilbara Iron Ore and Infrastructure Project. Mr Forrest was the founding non-executive Chairman of the Company in 2003, then appointed Chief Executive Officer in 2005 and was appointed Chairman-elect in July 2011. He has resumed the role of non-executive Chairman as of 18 August 2011.
Mr Forrest is also currently Non-Executive Chairman of Poseidon Nickel Limited and is also Chairman of the West Australian charity, The Australian Children's Trust.
Previous roles include Chief Executive Officer and Deputy Chairman of Anaconda Nickel Ltd (now Minara Resources Ltd) and Chairman of the Murrin Murrin Joint Venture, Director of the West Australian Chamber of Minerals and Energy, Chairman of Athletics Australia, Chairman of Moly Mines Ltd and Chairman of Siberia Mining Corporation Ltd.
Mr Forrest has extensive experience in the mining sector with specialist expertise in large scale project finance and implementation. Mr Forrest is also a long-standing Fellow of the Australian Institute of Mining and Metallurgy.
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Deputy Chairman
Mr Elliott was appointed as a Non-Executive Director of Fortescue in October 2003, Deputy Chairman in May 2005 and Chairman in March 2007. He has stepped down as Chairman in August 2011 and will remain on the Board as Deputy Chairman and lead independent Director.
Mr Elliott is Chairman of the Remuneration Committee. He is also the Chairman of Telstra Foundation Limited and has been a Director of Pacific Dunlop and Ansell Limited. Herb is also Chair of a private corporate health company called Global Corporate Challenge which this year has 23,000 participants.
A local of Perth, Western Australia, Herb, at the age of 22, won the gold medal at the 1960 Olympic Games in Rome for the 1500m track event, setting a new world record in the process. Herb was also a dual gold medalist from the Commonwealth Games in Cardiff two years earlier for the 880 yards and mile track events.
Previous executive roles include President of PUMA North America. Mr Elliott is the former inaugural Chairman of National Australia Day Committee and was a Commissioner to the Australian Broadcasting Commission.
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Non-Executive Director
Mr Rowley joined Fortescue at Andrew Forrest's invitation in May 2003. In October 2003, he was appointed Executive Director Operations and in January 2009, he became responsible for Fortescue's public policy and corporate affairs. Mr Rowley retired from his executive role with Fortescue in March 2010 and remains a Non-Executive Director on the Fortescue Board.
Previously he was an executive with Rio Tinto Plc holding senior positions in Hamersley Iron and Argyle Diamonds. Mr Rowley's previous directorships have included Dampier Port Authority, the Pilbara Development Commission, the Council for the West Pilbara College of Tafe and the Western Australian State Government's Technical Advisory Council.
Mr Rowley has extensive experience in operational management of both iron ore ship loading facilities and heavy haul railway within the unique Pilbara environment.
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Non-Executive Director
Mr Brayshaw joined the Board as a Non-Executive Director on 1 July 2007. He was previously an Audit Partner with BDO Accountants and retired in June 2005. Mr Brayshaw has held a number of positions in commerce and professional bodies including National President of the Institute of Chartered Accountants in 2002, Independent Director and Audit Committee Chairman of Fortron Insurance Group, Board member of the Small Business Development Corporation and was formerly the Chairman of a Trustee Company related to an Aboriginal Corporation. He is also a Non-Executive Director and Chairman of the Audit Committee of Poseidon Nickel Limited.
Mr Brayshaw is Chairman of Fortescue's Audit and Risk Management Committee.
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Non-Executive Director
Mr Owen Hegarty BEc (Hons), FAusIMM has some 40 years experience in the global mining industry. He had 25 years with the Rio Tinto group where he was Managing Director of Rio Tinto Asia and Managing Director of the Group’s Australian copper and gold business. He was the founder and CEO of the Oxiana Ltd Group which grew from a small exploration company to a multi-billion dollar Australia, Asia and Pacific focused base and precious metals producer, developer and explorer. Oxiana became OZ Minerals Ltd.
For his achievements and leadership in the mining industry Mr Hegarty was awarded the AusIMM Institute Medal in 2006 and the G.J. Stokes Memorial Award in 2008. Mr Hegarty is presently Executive Vice Chairman of Hong Kong listed G-Resources Group Ltd, a gold mining company; and an Advisor to CST Mining Group Ltd, a Hong Kong listed copper mining company. He is a Non-Executive Director of Australian Fortescue Metals Group Ltd, a Director of the AusIMM, a member of a number of Government and industry advisory groups. He is Founding Patron of CEEC (Coalition for Eco-Efficient Comminution) – a not-for-profit organisation aimed at increasing energy efficiencies in mining and minerals processing.
Mr Hegarty is Chairman of Tigers Realm Minerals, a private Melbourne based mining company growing a diversified mining group. He is a Non-Executive Director of ASX listed Tigers Realm Coal Limited. He is also Chairman of EMR Capital, a private equity investment manager focused on resources.
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Non-Executive Director
Mr Mark Barnaba was appointed as a Non-Executive Director in February 2010, joined the Audit and Risk Management Committee in June 2011 and was appointed Chairman of the Remuneration and Nomination Committee on August 18, 2011.
Mr Barnaba currently holds the position of Chairman with Macquarie Bank Western Australia, Western Power, Edge Employment Solutions (a disability employment organization), and the University of Western Australia Business School. He also serves as an Adjunct Professor in Investment Banking and Finance and as a member of the In The Zone Editorial Committee with the University of Western Australia. Until recently, Mr. Barnaba held the position of co-founder and Executive Chairman of Azure Capital and was a Non-Executive Chairman of the West Coast Eagles Football Club and a member of the Rhodes Scholarship Selection Committee.
Mr Barnaba received his Bachelor of Commerce with first class honors from the University of Western Australia in 1985 and was awarded the JA Wood University Medal for top graduate, university wide. He then went onto Harvard Business School and received an MBA in 1988, graduating with a high distinction as a Baker Scholar. In 2009, Mr Barnaba was the recipient of the Western Australian Citizen of the Year Award in Industry and Commerce.
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Non-Executive Director
Dr Geoff Raby joined the Fortescue Board as a Non-Executive Director in August 2011.
Dr Raby was Australia's Ambassador to the People's Republic of China from 2007 to 2011. Prior to that, he was a Deputy Secretary in the Department of Foreign Affairs and Trade(DFAT).
Dr Raby has extensive experience in international affairs and trade, having been Australia's Ambassador to the World Trade Organisation (1998-2001), Australia's APEC Ambassador (2003-05), Head of DFAT's Office of Trade Negotiations and Head of the Trade Policy Issues Division at the OECD, Paris. Between 1986 and 1991 he was Head of the Economic Section at the Australian Embassy, Beijing. He has been the Chair of DFAT's Audit Committee and served as an ex officio member of the Boards of Austrade and EFIC (Export Finance and Insurance Corporation).
Dr Raby is also a non-executive director of ASX listed companies Oceana Gold and SmarTrans.
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Non-Executive Director
Mr Herbert 'Bud' Scruggs joined the Fortescue Board in August 2011 as a Non-Executive Director.
Mr Scruggs in an expert in business leadership, corporate recoveries and step change business improvement. A lawyer by training (BYU 1984), he has held a number of corporate, government, political and civic positions including Chief of Staff to the Governor of Utah and Chairman of the University of Utah Board of Trustees.
Mr Scruggs served on a number of boards of public as well as privately held companies including American Investment Bank, Barbados Light & Power, Deseret Morning News, Empire Insurance, MK Gold and Sangart - including service on multiple audit and executive committees.
Mr Scruggs served recently as CEO of Huntsman Financial Corporation as well as the Huntsman Cancer Foundation and previously worked for Leucadia Asset Management Group. He was instrumental in Leucadia's original decision to invest alongside Andrew Forrest in Fortescue. He now provides, among other activities, consulting services to The Metal Group and the Australian Children's Trust.
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Executive Director
Mr Neville Power joined the Fortescue Board in September 2011 soon after his appointment as CEO in August 2011.
Mr Power joined Fortescue in February 2011, having recently held the position of Chief Executive Australian Operations for Thiess Pty Ltd where he was responsible for the construction business with a turnover of $4 billion per annum and 3,500 staff. In this role, Mr Power was responsible for some of Australia's most significant projects including the Brisbane Airport Link, Sydney's Royal North Shore Hospital redevelopment and the Victorian Desalination project.
He spent more than 10 years in senior executive positions with Smorgon Steel Group Ltd where he was progressively promoted as the Group grew through acquisitions and expansion and, in February 2001, was appointed Chief Executive (Reinforcing and Steel Products Division).
Mr Power has a Bachelor Engineering from University of Southern Queensland and an MBA from the University of Queensland. He maintains an active interest in managing the family cattle property and is an avid aviator, holding both helicopter and fixed wing licenses with endorsements on a range of aircraft.
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Non-Executive Director
Mr Cao Huiquan has joined the Board as a Non-Executive Director on 27 February 2012 as the nominated director on Fortescue’s Board from Hunan Valin Iron and Steel Group Company Ltd as following Fortescue's Subscription Agreement with Hunan Valin Iron and Steel Group Co Ltd of 25 February 2009. Mr Cao Huiquan is chairman of Valin.
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Non-Executive Director
Ms Elizabeth Gaines was appointed to the Fortescue Board of Directors in February 2013. Ms Gaines is an Executive Director and the Chief Operating Officer & CFO of Jetset Travelworld Limited. Prior to this, Ms Gaines was the Chief Financial Officer of the Stella Group, Chief Finance and Operations Director of UK-based Entertainment Rights Plc and was previously Chief Executive Officer of Heytesbury Pty Limited.
Ms Gaines has held senior treasury and finance roles at BankWest in Australia and Kleinwort Benson in the UK and qualified as a Chartered Accountant with Ernst & Young. Ms Gaines is a member of the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors and holds a Bachelor of Commerce degree and Master of Applied Finance degree. Ms Gaines is a Director of STS UK Holdco I Pty Limited (and its subsidiaries) and Mantra Group Holdings I Pty Limited.
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Executive Director
Mr Meurs joined Fortescue in May 2010 to take control of Expansion and Development Projects and was appointed to the Board of Directors in February 2013. His responsibilities range from exploration to studies and project development through to delivery of major capital expansion. As part of this he has direct responsibility for the delivery of Fortescue's current 100 million tonne per annum expansion and future development plans.
Prior to Mr Meurs joining Fortescue, he held the position of Managing Director at WorleyParsons. Mr Meurs was a key contributor to the growth and development of WorleyParsons after joining the company in 1988. During his time at WorleyParsons, Mr Meurs held project management and company development roles including establishment of the foundations of the process business, the establishment and growth of alliance and integrated services contracts in Hydrocarbons and Minerals & Metals and the development of the New Zealand business.
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