Fortescue Metals Group Stock News

ASX losing run snapped, Fortescue CEO leaves, gold miners outperform The S&P/ASX200 managed to snap a four-week losing run to post a 1.5 per cent gain over the week.This was despite falling 0.4 per cent on Friday ahead of an all-important inflation print in the US Shares in Fortescue (ASX: FMG) fell 0.8 per cent after CEO Elizabeth Gaines announced she would The post ASX closes 0.4% lower, Santos completes merger appeared first on The Inside Adviser .

Fortescue is looking for a new CEO, with a focus on the green transformation. The post Search for new Fortescue (ASX:FMG) boss focused on green transformation: Twiggy appeared first on The Motley Fool Australia .

The S&P/ASX 200 (INDEXASX:XJO) managed to snap a four-week losing run despite falling on Friday as Fortescue (ASX:FMG) shares made headlines.

Analysts said the move was not unexpected, although the timing was a bit sooner than some had anticipated.

Andrew Forrest has signalled a greater interconnectedness between Fortescue Metals Groups iron ore and green energy businesses while announcing Elizabeth Gaines would step down.

It is believed the iron ore miner saw the announcement of Ms Gaines job change as important enough to warrant a lightning visit to Sydney and two weeks of home quarantine.

Elizabeth Gaines is ‘transitioning’ to a new role after four years as chief executive of the WA iron ore miner.

Businessman Andrew Forrest has announced Fortescue Metals Group CEO Elizabeth Gaines will be stepping down from the role. Mr Forrest said this is part of the plan to turn Fortescue into a major vertically integrated green energy company. This has led to a requirement to strongly increase the very significant leadership and management dearth which weve had across our group and bring in a range of new skills, he said. Mr Forrest said in a series of conversations with Ms Gaines, she had indicated it was her time to depart from the role as the company takes a new direction. In the depth of those heart-to-heart conversations, Elizabeth has said this is time, Andrew, for me and you to support a whole new era, he said. This is time where we need to bring in very special skills in that renewable sector, in that green energy, and in that infrastructure, in that heavy industry sector. Mr Forrest said Ms Gaines would help to select the next person to fill the position and would be taking a role as a non-executive director.

The ASX 200 is finishing the week with a splutter The post ASX 200 (ASX:XJO) midday update: Fortescue CEO steps down, Westpac buyback update appeared first on The Motley Fool Australia .

Fortescue''s CEO is stepping down The post Fortescue (ASX:FMG) share price falls following surprise CEO exit appeared first on The Motley Fool Australia .

Ms Gaines will remain with the company as the global green hydrogen brand ambassador and a member of the Fortescue board.

Fortescue Metals Group chief executive Elizabeth Gaines will step away from her role as the iron ore miner makes the transition to a green energy and resources group.

The head of one of Australias largest mining companies has announce their departure from the role

JPMorgan Chase & Co. cut shares of Fortescue Metals Group (OTCMKTS:FSUGY) from an overweight rating to a neutral rating in a research report sent to investors on Monday, The Fly reports. Several other brokerages have also recently issued reports on FSUGY. UBS Group cut shares of Fortescue Metals Group from a neutral rating to a []