Fortescue Metals Group Limited announced that Ian Wells will be appointed to the role of Chief Financial Officer, moving from his current role as Group Manager, Corporate Finance. Ian's role will be to promote the understanding and competence in global capital markets throughout the exploration and development teams of Fortescue. While maintaining tight reins on the company's finances, Ian will empower others reporting to him to maximize efficient discovery and/or acquisition of new projects.

Ms. Julie Shuttleworth will take up the new role of Deputy Chief Executive Officer, having most recently held the position of General Manager of Fortescue's Solomon Operations. Mr. Greg Lilleyman will be appointed as Chief Operating Officer, having most recently held the position of Director of Operations. Greg will be charged with maintaining the world's lowest cost iron ore operations, including now Fortescue's mining and infrastructure assets while lifting the grade of the bulk of Fortescue's production to 60% plus Fe and holding true to Fortescue's minimum 20 year mine life.

In addition Greg will accept accountability for all Sales and Marketing as well as the expanded Operations into his portfolio. Greg will continue the active diversification of the company's client base and ensure that the culture of innovation, personal ownership, empowerment over authority within all aspects of the company's culture is fully cemented throughout Fortescue's vast operational team. Ms. Elizabeth Gaines will be appointed to the role of Chief Executive Officer, moving from her current role of Chief Financial Officer.

Elizabeth will lead an organization where every person seeks advice from their immediate principal as opposed to industry accepted management method of upwards unilateral authority.