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Another senior executive has departed from Australian iron ore giant Fortescue shortly after assuming the role, adding to the frequent changes in management over recent years. The resignation of Chief Financial Officer Christine Morris was announced to the Australian Stock Exchange on Thursday evening, just days after the company’s CEO announced her resignation. The majority of Fortescue’s executive team has experienced changes or shifts in roles since 2021, and Morris’s resignation marks the 11th major change in less than three years.
Christine Morris was appointed to the position in early June, and the company announced that she would be immediately succeeded by Apple Paget, the group manager of finance and tax, according to the ASX announcement. Fortescue has not yet provided further comments on this matter.
Earlier in the week, Fortescue’s Chief Executive, Fiona Hick, announced her departure only six months into her role as CEO. The company stated that Hick and the board had jointly decided on her departure, describing it as amicable and mutual. Her successor, former head of operations Dino Otranto, has taken over the role without a transition period.
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