Fortescue Metals Group Ltd - Board of Directors
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About Fortescue

Board of Directors




   
  Mr Andrew Forrest
Chairman

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.

Experience

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


      Mr Herb Elliott AC, MBE
Deputy Chairman, Non-Executive Director 

Term of Office

Mr Elliott was appointed as a Non-Executive Director of the Company in October 2003, Deputy Chairman in May 2005 and Chairman in March 2007. He retired as Chairman on August 18, 2011 and remains on the Board as Deputy Chairman and Lead Independent Director.

Experience

Mr Elliott resides as a member of the Remuneration and Nomination Committee.  He was a member of the Audit Committee until he resigned from the committee in May 2011.  Mr Elliott has been Chairman of Telstra Foundation Ltd and is a former Director of Ansell Ltd and Pacific Dunlop Ltd.  He was the Inaugural Chairman of the National Australia Day Committee, a Commissioner of the Australian Broadcasting Commission and Deputy Chairman of the Australian Sport Commission.  Mr Elliott was also a member of the World Olympians Association.  Previous executive roles include President of PUMA North America.  Mr Elliott is a Doctor of the Queensland University of Technology.

Other current directorships (Plc listed entities): None.

Former directorships in last 3 years (ASX listed entities): None.

 


      Mr Neville Power
Executive Director

Term of Office

Mr. Power was appointed Chief Executive Officer of Fortescue Metals Group on July 18, 2011 after joining the company in February 2011. On September 1, 2011, following the resignation of Mr. Ian Cumming, Mr. Power accepted an invitation of the Board to serve as an Executive Director.

Experience

Mr Nev Power was appointed Chief Executive Officer in July 2011 having joined the company as Chief Operating Officer in February 2011. He has been a director since September 2011. Mr Power previously 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. Mr Power 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 a Master of Business Administration (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.

Other current directorships (Plc listed entities): None

Former directorships in last 3 years (ASX listed entities): None


      Mr Graeme Rowley AM
Non-Executive Director

Term of Office

Mr Rowley was appointed as an Executive Director in May 2003.  Following his retirement from executive duties with Fortescue, Mr. Rowley again became a Non-Executive Director of the Company in March 2010.

Experience

Mr Rowley was an executive with Rio Tinto plc and previously held senior positions with Hamersley Iron and Argyle Diamonds.  Mr Rowley’s previous directorships have included the 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 is currently Chairman of the National Centre for Excellence in Desalination and he is also a Non-Executive Director of the Allied Healthcare Group. Mr Rowley has extensive experience in operational management of both iron ore ship loading facilities and heavy haul railway within the unique Pilbara environment.

Other current directorships (ASX listed entities): Non-Executive Director of the Allied Healthcare Group.

Former directorships in last 3 years (ASX listed entities): None.


      Mr Owen L Hegarty
Non-Executive Director

Term of Office

Mr Hegarty was appointed as a Non-Executive Director in October 2008.

Experience

Owen Hegarty has some 40 years experience in the global mining industry, including 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 (now OZ Minerals Ltd.) 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.  Mr Hegarty was awarded the AusIMM Institute Medal in 2006 and the G.J. Stokes Memorial Award in 2008 for his achievements in the mining industry. Mr Hegarty is Executive Vice Chairman of Hong Kong listed G-Resources Group Ltd, a gold mining company; and Executive Vice Chairman of CST Mining Group Ltd, a Hong Kong listed copper mining company. He is a Director of the AusIMM and 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 also Chairman of Tigers Realm Minerals Pty Ltd, a private Melbourne based mining company growing a diversified mining group and Chairman of EMR Capital, a private equity investment manager focused on resources.

Other current directorships (Plc listed entities): Tigers Realm Coal Limited (appointed as Non-Executive Director in October 2010)

Former directorships in last 3 years (ASX listed entities): None

 



    Mr Mark Barnaba
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.


      Dr Geoff Raby
Non-Executive Director

Term of Office

Dr Raby was appointed as a Non-Executive Director on 18 August 2011.

Experience

Dr Geoff Raby was Australia’s Ambassador to the People’s Republic of China (2007-2011). Prior to that, he was a Deputy Secretary in the Department of Foreign Affairs and Trade (DFAT). He has extensive experience in international affairs and trade, having been Australia’s Ambassador to the World Trade Organisation (1998-2001), Australia’s APEC Ambassador (2003-2005), 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).

Other current directorships (Plc listed entities): OceanaGold Corporation and SmartTrans Holdings Limited since July 2011, Yancoal Australia Limited.

Former directorships in last 3 years (ASX listed entities): None.


      Herbert 'Bud' Scruggs
Non-Executive Director

Term of Office

Mr Herbert (Bud) Scruggs joined the Fortescue Board in August 2011 as a Non-Executive Director. 

Experience

Mr Scruggs in an expert in 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 as President of the 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, management services to The Metal Group and the Australian Children's Trust.

Other current directorships (ASX listed entities): None.

Former directorships in last 3 years (ASX listed entities): None.


      Mr Cao Huiquan
Non-Executive Director

Term of Office

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

Experience

Mr. Cao Huiquan was born in Yiyang, Hunan Province in 1966. Mr. Cao graduated from Department of Physics, Beijing University in 1988; and obtained his Master Degree of Metal Physics from University of Science and Technology Beijing in 1991. He was an on-the job Ph.D. of Engineering of Central Iron & Steel Research Institute, and was enrolled in the EMBA programme, China Europe International Business School in 2009. He is a Senior Engineer. In 1991, he joined Hunan Xiangtan Iron and Steel Co.,Ltd and was appointed as General Manager in 2003.In 2005,he was appointed as General Manager of Hunan Valin Iron & Steel Co., Ltd(formerly Hunan Valin Steel Tube &Wire Co.,Ltd) , and then concurrently held the position of General Manager of Lianyuan Iron and Steel Group Co.,Ltd since 2010. He is now the Chairman of Hunan Valin Iron and Steel Group Co.,Ltd, and also the Chairman and General Manager of Valin Iron & Steel Co., Ltd.

Other current directorships (Plc listed entities): Chairman of Valin Iron & Steel Co., Ltd

Former directorships in last 3 years (ASX listed entities): None.


      Ms Elizabeth Gaines
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 Executive Officer of Helloworld Limited.  Prior to this, Ms Gaines was the Chief Operating Officer & CFO of Helloworld Limited, 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), Mantra Group Holdings I Pty Limited and Global Voyager Group Admin Pty Limited. Ms Gaines also serves as a director of the Australian Federation of Travel Agents Limited.


     

Mr Peter Meurs
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.


     

Ms Sharon Warburton
Non-Executive Director

Ms Warburton was appointed as a Non-Executive Director in November 2013.

Ms Warburton is Executive Director of Strategy with Brookfield Multiplex. Prior to this, Ms Warburton was Chief Planning and Strategy Officer of United Arab Emirates based company, ALDAR Properties, and previously held a variety of senior executive roles with Brookfield Multiplex including Group General Manager, Mergers Acquisitions and Operational Support and Group General Manager Strategy and Operations. She is a Chartered Accountant and has held senior finance roles at Citigroup and Rio Tinto.