THE BOSS of Fortescue Metals has resigned just six months after taking the job, with the world's fourth largest iron ore miner posting a steep decline in profits yesterday.

Chief exec Fiona Hick stepped down with immediate effect from her role at the commodities giant.

The majority of Fortescue's senior team has left or shifted positions since 2021, with at least 10 major changes taking place in less than three years.

"The departure of Fiona has been both friendly and mutual, and we warmly wish her the best for her future," Fortescue said in a statement.

Hill's resignation follows her arrival in February, when the miner poached her from Woodside Energy in February to run the group's core operations.

However, retreating iron ore prices have contributed to a 23 per cent decline in profits - their lowest levels since the pandemic.

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