Fortescue falls over 4% as senior executive departures beset green energy goals

JIANDE INTERNATIONAL HOLDINGS

01/09/2023 01:34

** Shares of iron ore miner Fortescue  FMG.AX  fall as much
as 4.3% to A$20.52, second-biggest loser in the ASX 200
benchmark index  .AXJO 
    ** FMG among top weights on the benchmark index
    ** Local media reported Guy Debelle, former green energy
unit CFO, had left the unit's board to join critical minerals
firm Tivan Ltd  TVN.AX  
    ** While Tivan announced Debelle joining its board as
non-executive director, it did not mention if Debelle was
leaving FFI; neither Fortescue nor FFI have returned Reuters'
request for confirmation
    ** FMG beset with top level management departures; earlier
this week, metals division's CEO Fiona Hick and finance head
Christine Morris announced their departure
    ** FMG up 4.5% this year as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))