Next Fortescue CEO to lead push beyond iron-ore cash machine

September 15, 2017

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Nev Power’s successor as Fortescue Metals Group Ltd.’s top executive will be charged with leading the world’s fourth-largest iron ore exporter’s drive into new businesses.

“We are going to look for and consider other opportunities, where other investors can join us,” chairperson and founder Andrew Forrest told reporters Friday on a conference call after announcing Power, 59, will step down on Febuary 16. “I don’t see ourselves as only a mining company, I see ourselves as a great management and operating company.”

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