Updated

Fortescue mining boss Fiona Hick walks

Peter Ker and Brad Thompson

Updated Aug 28, 2023 – 11.32am, first published at 9.17am

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Key Points

Why it matters: Fiona Hick is the 10th senior executive to leave Fortescue in the past three years.
Fortescue’s operations boss Dino Otranto will be promoted to chief executive of the mining division.
The company later revealed a drop in profit and dividend.

Fortescue Metals boss Fiona Hick will leave the company just six months after filling the chief executive role, in the latest senior management exit from the iron ore giant chaired by billionaire Andrew Forrest.

Ms Hick was announced as the leader of Fortescue’s iron ore division only in November, and started in February. But on Monday, the company said she would exit. “The departure of Fiona has been both friendly and mutual, and we warmly wish her the best for her future,” Dr Forrest said.

Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne.

Brad Thompson was a reporter at The Australian Financial Review