Fortescue has confirmed that Elizabeth Gaines has resigned as executive director of the company, effective 30 June.
Gaines had a 13-year tenure with Forteescue, joining the board as a non-executive director in February 2013 before joining the executive team as CFO in February 2017 and leading Fortescue as CEO and managing director from February 2018 to August 2022.
The miner said Gaines was a driving force behind its global transition to green energy and has been an ambassador and advocate of Fortescue’s 2030 Real Zero target to decarbonise mining operations.
“Elizabeth has been one of the highly impactful leaders that built Fortescue’s strong and proud
history, serving this company with distinction. She has helped drive the inexorable march of
Fortescue, proving what others say is impossible, delivering for shareholders while helping set the course for our next great chapter: leading the world in decarbonising technology, energy and heavy industry,” said Fortescue Executive Chairman and founder Andrew Forrest.
“Elizabeth leaves the board with my deepest thanks and admiration; she will always be part of the Fortescue family and legacy, and we wish her every success.”
Gaines said: “I believe strongly in Fortescue’s vision and its ability to deliver on it. Fortescue is an exceptional company, with exceptional people driven by ambition, purpose and Values. I look forward to watching Fortescue continue to lead from the front and deliver for shareholders, communities and future generations.”
Sigrid Kaag will be appointed to the Fortescue board as a non-executive director, subject to completion of regulatory procedures. She brings more than 35 years of experience in international affairs, trade and finance at national and international levels of leadership. She has served in senior roles in national government, including First Deputy Prime Minister and Minister of Finance of the Netherlands, as well as Minister for Foreign Trade and Development Cooperation and Minister of Foreign Affairs.
Source: fortescue.com