Board of Directors

Mr Andrew Forrest

Chairman

Term of Office

Mr Forrest was appointed Chairman of the Company in July 2003. He became Chief Executive Officer in 2005 and resumed non-executive responsibilities as Chairman (elect) in July 2011.

Experience

Mr Forrest is Founder, Chairman and a member of the Company's Remuneration and Nomination Committee and has led the company to its July 2016 A$14 billion market capitalisation as the fourth largest seaborne iron ore producer. Under Mr Forrest, Fortescue has made significant investments in the Australian resources sector of more than US$20 billion.

In 2001, Mr Forrest co-founded the Minderoo Foundation with his wife Nicola. Minderoo Foundation has supported over 230 initiatives across Australia and internationally in pursuit of a range of causes including education, ending slavery, research, indigenous disadvantage, disaster response and the arts. The Foundation operates GenerationOne, striving to end Indigenous disparity in Australia, and the Walk Free Foundation, working globally to eliminate modern day slavery.

In 2013, he was appointed by the Prime Minister of Australia to Chair the Review of Indigenous Training and Employment Programmes, with the specific aim of ending Indigenous disparity through employment. He is Commonwealth Ambassador for employment and engagement with disadvantaged communities and Chair of the Foundation of the Art Gallery of Western Australia.

In 2014, Mr Forrest was named Business Leader of the Year at the Australian Institute of Management Western Australia Pinnacle Awards and was awarded an honorary doctorate by The University of Western Australia for outstanding service to the community, to his nation and beyond.

One of Mr Forrest's proudest achievements is the facilitation of the coming together of the world's major faith and spiritual leaders in the Vatican in December 2014 and in New Delhi and Canberra in December 2015 to produce a global religious proclamation against modern slavery.

An Adjunct Professor of the China Southern University and a long standing Fellow of the Australian Institute of Mining and Metallurgy, Mr Forrest is a leading representative of and advocate for the resources sector globally. He is Co-Chairman of the Senior Business Leaders' Forum, the leading formal dialogue for China and Australia's most senior business leaders.

Mr Forrest is Vice Patron of the SAS Resources Fund, an organisation supporting current and former members of the Special Air Service (SAS) Regiment.
He is a Councilor of the Global Citizen Commission which reported to and made a series of wide range of human rights recommendations to the Secretary General of the United Nations in April 2016.

Other current directorships (ASX listed entities): None.

Former directorships in the last 3 years (ASX listed entities):
Non-Executive Chairman of Poseidon Nickel Limited 2007 to September 2013.


 

Mr Neville Power

Executive Director

Term of Office

Mr Power was appointed Chief Executive Officer in July 2011 and Executive Director in September 2011.

Experience

Mr Power has more than 30 years' experience in the mining, steel and construction industries and has a proven track record in the delivery of major infrastructure projects, contract mining and steel manufacturing and distribution. As the CEO of Fortescue, Mr Power has presided over the tripling of Fortescue's iron ore production capacity to over 155 million tonnes per annum, establishing its position as one of the world's largest, low cost producers of iron ore.

He has long been a champion of Indigenous employment and is playing a pivotal role in strengthening and extending Fortescue's work in developing Aboriginal businesses as well as direct employment opportunities. Before joining Fortescue, Mr Power was Chief Executive Australian Operations for Thiess Pty Ltd, a wholly-owned subsidiary of Leighton Holdings, where he was responsible for the construction business with a turnover of $4 billion per annum and 3,500 staff delivering some of Australia's most significant infrastructure projects.

Mr Power gained over 10 years' experience in steel manufacturing and distribution as Chief Executive of the Reinforcing and Steel Products Division with the Smorgon Steel Group, one of Australia's largest and most successful steel businesses.

He established his mining career with over 20 years' experience in base metals, gold and coal mining and mineral processing with Mount Isa Mines.

Mr Power has a Bachelor of Engineering and a Masters of Business Administration (MBA). He maintains an active interest in managing the family cattle property and is an avid aviator, holding both helicopter and fixed wing licenses with endorsements on a range of aircraft.

Other current directorships (Plc listed entities): None

Former directorships in last 3 years (ASX listed entities): None


  

Mr Mark Barnaba

Lead Independent Director


Term of Office

Mr Barnaba was appointed Lead Independent Director in November 2014, having served as a Non-Executive Director since February 2010.

Experience  

Mr Barnaba is Chairman of the Audit and Risk Management Committee and a member of the Remuneration and Nomination Committee.

Mr Barnaba serves as both Chairman of Macquarie Group, Western Australia and as Chairman and Global Head, Resources Group, Macquarie Capital. He is also Chairman of The University of Western Australia's Business School Board and an Adjunct Professor in Investment Banking & Finance at the UWA Business School.

Mr Barnaba is the Chairman of Black Swan State Theatre Company and is a member of the Advisory Council for The Hugh Jackman Deborah-lee Furness Foundation for the Performing Arts. He is co-founder (and previously co-executive Chairman) of Azure Capital and previously has been the Chairman of Western Power, Edge Employment Solutions, the West Coast Eagles Football Club and Alinta Infrastructure Holdings. He was also appointed by the Premier to chair the WA Steering Committee of the Commonwealth Business Forum for CHOGM in 2011.

Mr Barnaba attended The University of Western Australia and received a Bachelor of Commerce degree with first class honours, being awarded the JA Wood University medal for top graduate of his year. He then directly entered Harvard Business School receiving an MBA, graduating with high distinction as a Baker Scholar. Post Business School Mr Barnaba spent the majority of his time with McKinsey and Company, overseas, before returning to Australia in the mid-1990s. In 2002, Mr Barnaba was the joint winner of the inaugural WA Business News award for the most outstanding business leader in the State of Western Australia under the age of 40 and in 2009, was the recipient of the WA Citizen of the Year Award in Industry and Commerce.

In 2012, Mr Barnaba received an Honorary Doctor of Commerce from The University of Western Australia and was granted the Honorary designation FCPA from CPA Australia. Mr Barnaba is a Fellow of the Australian Institute of Company Directors.

In 2015, Mr Barnaba was named a Member in the General Division of the Order of Australia (AM) for significant service to the investment banking and financial sectors, to business education, and to sporting and cultural organisations.

 

Other current directorships (ASX listed entities): None.

Former directorships in the last 3 years (ASX listed entities): Adept Solutions Ltd


 

Mr Cao Huiquan

Non-Executive Director

Term of Office

Mr Cao Huiquan joined the Board as a Non-Executive Director in February 2012 as the nominated director on Fortescue’s Board from Hunan Valin Iron and Steel Group Company Ltd.

Experience

Mr Cao graduated from the Department of Physics, Beijing University in 1988 and obtained his Master Degree of Metal Physics from University of Science and Technology Beijing in 1991. He was an on the job Ph.D. of Engineering of Central Iron & Steel Research Institute, and was enrolled in the EMBA programme, China Europe International Business School in 2009.

In 1991, he joined Hunan Xiangtan Iron and Steel Co., Ltd and was appointed as General Manager in 2003. In 2005, he was appointed as CEO of Hunan Valin Steel Co., Ltd (formerly Hunan Valin Steel Tube & Wire Co., Ltd), and then concurrently held the position of General Manager of Lianyuan Iron and Steel Group Co., Ltd from 2010 to 2011. He was appointed Chairman of Hunan Valin Iron & Steel Group, Chairman and CEO of Hunan Valin Steel Co., Ltd in 2011 and concurrently held the position of General Manager of Xiangtan Iron and Steel Group Co., Ltd from 2012 to 2014. He is now the Chairman of Hunan Valin Iron and Steel Group Co., Ltd, the Chairman and CEO of Hunan Valin Steel Co., Ltd.

Other current directorships (ASX listed entities): None.

Former directorships in the last 3 years (ASX listed entities): None.



Ms Elizabeth Gaines

Executive Director

Term of Office

Ms Gaines was appointed Chief Financial Officer and Executive Director on 6 February 2017.  Ms Gaines was previously a Non-Executive Director of Fortescue Metals Limited and was appointed to the Board in February 2013.

Experience

Ms Gaines is a highly experienced Chief Financial Officer with extensive international experience in all aspects of financial and commercial management. Her exceptional leadership record in business, treasury and finance across a range of industries has been invaluable as Fortescue ramped up production and through the transition to steady, consistent production.

Ms Gaines is the former Chief Executive Officer of Helloworld Limited. Prior to this, Ms Gaines was Chief Operating Officer and Chief Financial Officer of Helloworld Limited, Chief Financial Officer of the Stella Group, Chief Finance and Operations Director of UK-based Entertainment Rights Plc and Chief Executive Officer of Heytesbury Pty Limited.  Ms Gaines has significant prior experience in the banking sector.  In addition to serving on the Fortescue Board, she has previously served as a Non-Executive director of Mantra Group Limited, Nine Entertainment Co. Holdings Limited, NextDC Limited, Impedimed Limited, Heytesbury Pty Ltd and John Holland Pty Ltd.

Ms Gaines is regarded as a financial and governance expert, is a member of Chartered Accountants Australia and New Zealand, the Australian Institute of Company Directors and Chief Executive Women. Ms Gaines holds a Bachelor of Commerce degree and Master of Applied Finance degree. She is a Commissioner of Tourism WA.


Other current directorships (ASX listed entities): None.

Former directorships in the last 3 years (ASX listed entities): Non-Executive Director NEXTDC Limited, Nine Entertainment Co. Holdings Limited, lmpediMed Limited, Helloworld Limited and Mantra Group Limited.


 

Ms Sharon Warburton

Non-Executive Director

Term of Office

Ms Warburton was appointed as a Non-Executive Director in November 2013.
 
Experience

Ms Warburton is Chair of the Remuneration and Nomination Committee and a member of the Audit and Risk Committee.

Ms Warburton has deep experience in the construction, infrastructure, resources and mining industries, bringing a wealth of experience with exposure to a number of industries across Australia, the United Kingdom and the Middle East. Ms Warburton's experience has been recognised through the Western Australian Telstra Business Woman of the Year awards (2014) and as a finalist in The Financial Review's Westpac 100 Women of Influence.

Ms Warburton previously held the role of Executive Director of Strategy and Finance with Brookfield Multiplex, Chief Planning and Strategy Officer of United Arab Emirates based company, ALDAR Properties PJSC, and has held a variety of senior executive roles with Brookfield Multiplex, Citigroup and Rio Tinto.

Ms Warburton also serves on the boards of ASX listed ASX listed Gold Road Resources, WA State Government owned Western Power, Curtin University Business School - Asia Business Centre Advisory Board and Not for Profit Perth Children's Hospital Foundation. She is Chairman of the Northern Australia Infrastructure Facility, and part-time member of the Australian Takeovers Panel.

Ms Warburton is regarded as a financial, governance and remuneration expert, is a Fellow of the Institute of Chartered Accountant Australia and New Zealand, a Graduate of the Australian Institute of Company Directors, a member of Chief Executive Women and a Fellow of the Australian Institute of Building.

Other current directorships (ASX listed entities): Non-Executive Director Gold Road Resources. 

Former directorships in the last 3 years (ASX listed entities): Wellard Limited. 



Dr Jean Baderschneider 
Non-Executive Director

Term of Office

Dr. Baderschneider was appointed as a Non-Executive Director in January 2015.

Experience

Dr. Baderschneider, a highly regarded leader in both business and civil society, brings extensive international experience in procurement, strategic sourcing and supply chain management along with a deep understanding of high-risk operations and locations and complex partnerships.

With 35 years of experience, Dr. Baderschneider retired from ExxonMobil in 2013 where she was Vice-President, Global Procurement. She has been responsible for operations all over the world, including Africa, Middle East and Asia.

Dr. Baderschneider is a past member of the Board of Directors of the Institute for Supply Management and the Executive Board of the National Minority Supplier Development Council (NMSDC). She was a Presidential appointee to the US Department of Commerce's National Advisory Council of Minority Business Enterprises in February 2011. She is a past board member of The Center of Advanced Purchasing Studies (CAPS) and the Procurement Council of both The Conference Board and the Corporate Executive Board.

Dr. Baderschneider is a member of the Site Council and Executive Committee of President Lincoln's Cottage, a Historic Site of the National Trust for Historic Preservation, and an Advisory Council member of Ford's Theatre. In addition, she is a member of the Board of Trustees of the Maret School in Washington, D.C, and of the Advisory Council of the ILR School at Cornell University and a longtime member of Cornell's President's Council of Cornell Women.

Other current directorships (ASX listed entities): None.

Former directorships in the last 3 years (ASX listed entities): None.


 

Mrs Penny Bingham-Hall

Non - Executive Director

Term of Office

Mrs Bingham-Hall was appointed as a Non-Executive Director in November 2016.

Experience

Mrs Bingham-Hall brings significant operational skills and experience from executive roles at Leighton, Australia’s largest construction, contract mining, infrastructure and property development group together with 20 years’ experience as a company director. She is currently a Non-Executive Director at ASX listed BlueScope Steel Limited and DEXUS Property Group, a Non-Executive Director at the Port Authority of NSW, and Taronga Conservation Society Australia and is an Independent Director at Macquarie Specialised Asset Management Limited.

Mrs Bingham-Hall is a Fellow of the Australian Institute of Company Directors, a Senior Fellow of the Financial Securities Institute of Australasia and a member of Chief Executive Women and The Global Foundation. She holds a Bachelor of Arts (Industrial Design).

Other current directorships (ASX listed entities): BlueScope Steel Limited, DEXUS Property Group

Former directorships in the last 3 years (ASX listed entities): None

 


 

Ms Jennifer Morris

Non-Executive Director 

Term of Office

Ms Jennifer Morris was appointed as a Non-Executive Director in November 2016.

Experience

Ms Morris is currently a Partner in the Consulting Division of Deloitte, specialising in complex large-scale business transformation programs and strategy development. In 2007, she was announced as Deloitte’s National Businesswoman of the Year. Ms Morris is currently a Commissioner of the Board of Australian Sports Commission, a former Director of the Fremantle Football Club and the Western Australian Institute of Sport. She is the immediate past Chairperson of the Board of Healthway, the government’s peak health promotion body.

Ms Morris was previously a member of the Australian Women’s Hockey Team, where she won Olympic gold medals at the Atlanta 1996 and Sydney 2000 Olympic Games. In 1997, she was awarded a Medal of the Order of Australia (OAM). She is also a Fellow of Leadership WA, an affiliate member of Chartered Accountants Australia and New Zealand, a member of the Vice Chancellor’s List, Curtin University and holds a Bachelor of Arts (Psychology and Journalism) received with Distinction.

Other current directorships (ASX listed entities): None

Former directorships in the last 3 years (ASX listed entities): None


 

Mr Ian Wells

Company Secretary 

Term of Office

Mr Wells was appointed as Company Secretary in February 2015, after joining Fortescue in 2010 as Group Manager, Treasury and Business Planning.

Experience

With more than 20 years’ experience in senior finance and management roles in the mining, energy infrastructure and healthcare industries, Mr Wells was previously Chief Financial Officer at Singapore Power subsidiary Jemena Limited, and also held senior executive roles at Alinta Limited. Mr Wells holds a Bachelor of Business in Accounting, is a Fellow of CPA Australia, a Certified Finance and Treasury Professional, and a member of the Australian Institute of Company Directors. He is also a Director of not-for-profit Alzheimer’s Australia WA and a member of the Salvation Army business advisory committee.