Fortescue executive rout continues as Debelle quits green unit

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By Sameer Manekar and Roushni Nair Sept 1 - Guy Debelle, the former Reserve Bank of Australia deputy governor, resigned from the board of Fortescue Metals Group's green energy unit on Friday, media reports said, continuing the run of abrupt departures by executives at the world's fourth largest miner.

This is the third senior executive departure from Fortescue just this week. Shares of the miner were trading 3.7% lower in early trade at A$20.64 as at 0012 GMT. Debelle's exit comes days after Fortescue's metals division's CEO Fiona Hick announced her departure after just six months in the role, and on Thursday the division's finance chief Christine Morris stepped down after taking on the job three months ago.

Executive chairman Andrew Forrest, who spoke to local media earlier this week, said CEO Hick stepped aside following differences of opinion over the firm's green transition. "What we have now is a literally galloping herd of people who want to see this company go green," he said, according to The Australian. "So if you want to step outside that, you're given a choice.

 

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