Mark Hutchinson, the head of Fortescue Energy who is partly responsible for meeting the company’s “real zero” target, is to retire as part of yet another senior executive reshuffle.
Fortescue is charging ahead with its goal of reaching “real zero” at its giant Pilbara mines by 2030, meaning that it will not be burning gas or diesel for operations by that time.
Fortescue has signed a $4 billion deal for giant electric haul trucks and other mining equipment, and has recently filed an application to build a 2.1 GW wind farm – Australia’s biggest.
Described as a “refinement of its leadership structure”, former Argentine rugby great Gus Pichot will assume the role of CEO Growth and Energy from July 1.
He will be responsible for the developing the pipeline of green energy development and growth projects.
“Fortescue has a clear and resolute vision to eliminate emissions and decarbonise profitably,” Pichot said in a statement.
“In this unstable market where most others are wavering, the world is replete with opportunities. We are seizing on this instability to grow and harness new innovations emerging in green metals, energy and technology.”
Andrew Forrest says Hutchinson will continue to support Fortescue in a global marketing capacity for the next year, serving as senior adviser to the Board.