Term of Office
Mr Forrest was appointed Chairman of the Company on July 18, 2003. He became Chief Executive Officer in 2005 and resigned to take up non-executive responsibilities again as Chairman (elect) on July 18, 2011.
Mr Forrest is the Founder, Chairman and member of the Company’s Remuneration and Nomination Committee. Mr Forrest led the company to a $15 billion market capitalisation and status as the fourth largest global iron ore exporter. Under Mr Forrest, Fortescue made significant investments in the Australian resources sector of more than US$15 billion.
His previous executive roles include founding Chairman, Chief Executive Officer, Deputy Chairman of Minara Resources Limited, Chairman of the Murrin Murrin Joint Venture and Chairman of Poseidon Nickel. Non- Executive roles previously included Director of the Australian Export Finance and Insurance Corporation, Director of the West Australian Chamber of Minerals and Energy and President of Athletics Australia.
Mr Forrest is the Founder and Chairman of Minderoo Foundation, Australia’s largest philanthropic organisation, which operates GenerationOne, The Australian Employment Covenant and Walk Free, a global campaign to end modern slavery. Mr Forrest is involved in numerous charitable and community service projects. He is a Councillor of the Global Citizen Commission which will report to the United Nations General Assembly in 2016 on reforming the Universal Declaration of Human Rights. In 2013, he was appointed to Chair the Review of Indigenous Training and Employment Programmes on behalf of the Office of Prime Minister and Cabinet of Australia. He is Commonwealth ambassador for employment and engagement with disadvantaged communities and Chair of the Foundation of the Art Gallery of Western Australia.
He is an Adjunct Professor of the China Southern University and a long standing Fellow of the Australian Institute of Mining and Metallurgy. He is Chairman of the Senior Business Leaders’ Forum, the leading advisory body for China and Australia’s top businesses and the principal sponsor of the BOAO Forum, Asia’s leading political and business forum.
Mr Forrest has extensive experience in the mining sector and has won multiple global finance awards as well as The Australian Sports Medal, The Australian Centenary Medal, the Australian Medical Society's (WA) 2012 President's Award, the Western Australian Governor’s Award for Citizen of the Year for Regional Development, Australian Social Entrepreneur of the Year, West Australia Citizen of the Year and a number of peak industry bodies’ Lifetime Achievement awards.
Other current directorships (Plc listed entities): Trustee of the SAS Resources Trust since July 2011.
Former directorships in last 3 years (ASX listed entities): Chairman of Poseidon Nickel 2007 to September 2013