FMG.ASX: Leadership Update

Leadership Update

Stock	Fortescue Ltd (FMG.ASX)
Release Time	22 May 2025, 5:30 p.m.
Price Sensitive	Yes

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Fortescue Announces Leadership Transition

Key Points

Dino Otranto appointed to expanded role overseeing global electrification, decarbonisation, and hydrogen production
Agustin (Gus) Pichot appointed CEO of Growth and Energy, responsible for green energy development and growth projects
Retirement of CEO Energy Mark Hutchinson and Chief Operating Officer Shelley Robertson

Full Summary

Fortescue Ltd (ASX: FMG) has announced a refinement of its leadership structure. Dino Otranto, Chief Executive Officer (CEO) Metals and Operations, will assume an expanded role to include operational responsibility for global electrification, decarbonisation (including Fortescue), and production of hydrogen products. Agustin (Gus) Pichot has been appointed Fortescue's CEO Growth and Energy, effective 1 July 2025. He will be responsible for the Company's green energy development and growth projects. Gus joined Fortescue in 2018, leading the development of the company's mining, energy, and infrastructure business across Latin America. Most recently, he was responsible for reviewing and streamlining Fortescue's global project portfolio. Fortescue also announces the retirement of two senior executives - Mark Hutchinson, CEO Energy, and Shelley Robertson, Chief Operating Officer. Mark Hutchinson will continue to support Fortescue in a global marketing capacity for the next year, serving as Senior Adviser to the Board. Shelley Robertson is retiring from her executive role to pursue non-executive director opportunities. Fortescue Founder and Executive Chairman, Dr Andrew Forrest AO, recognized the contributions of Mark and Shelley, stating that they have been instrumental in setting the company up for future success.

Guidance

Fortescue has not provided any high-importance, price-sensitive forward-looking financial metrics or other company-specific metrics in the announcement.

Outlook

Gus Pichot stated that Fortescue has a clear and resolute vision to eliminate emissions and decarbonise profitably, and that the company is seizing on market instability to grow and harness new innovations emerging in green metals, energy, and technology.