Market Chatter: Fortescue's Executive Reshuffle to Improve Green Strategy Outcomes, Macquarie Says

MT Newswires Live

May 23, 2025

Fortescue's (ASX:FMG) recent executive appointments to develop environmentally friendly (green) iron production could improve outcomes for the miner, according to a Friday report by The Australian, citing Macquarie.

On Thursday, the company appointed Agustin Pichot as chief executive of growth and energy, effective July 1, to oversee its green energy development and growth projects.

The company also said Metals and Operations Chief Executive Dino Otranto will assume expanded duties overseeing global electrification, decarbonization, and hydrogen production.

Macquarie said the move potentially boosts efficiency in operational decarbonization and green steel efforts.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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