Friday, 10 December, 2021 - 08:21
Gaines to step down as Fortescue chief
Fortescue Metals Group chief executive Elizabeth Gaines will step away from her role as the iron ore miner makes the transition to a green energy and resources group.
Elizabeth Gaines is an experienced CEO and CFO who has held positions across industries in different states.
Ms Gaines joined Fortescue Metals Group in February 2013 as an executive director and chief financial officer before becoming chief executive in February 2018. She stepped down from the role in August 2022 and remains with Fortescue Metals Group as a non-executive director, and became a global ambassador for Fortescue Future Industries. Ms Gaines also joined the board of West Coast Eagles in January 2022 and is the first woman to be appointed deputy chair, recognising her commitment to diversity and inclusiveness.
Ms Gaines was a former chief executive of Helloworld (formerly Jetset Travelworld), chief financial officer of Jetset and Stella Group. Other roles included UK-based Entertainment Rights and was chief executive officer of WA pastoral and wine business Heytesbury from 1997 to 2005. Ms Gaines has held senior treasury and finance roles at BankWest in Australia and Kleinwort Benson in the UK and qualified as a chartered accountant with Ernst & Young.
Ms Gaines was ranked second in the 2019 Fortune Magazine’s Businessperson of the Year. In 2020, she was awarded the ‘Women in Resources Champion’ at the Chamber of Minerals and Energy of Western Australia's annual Women in Resources Awards, and Joint Australian Business Person of the Year by the Australian Financial Review.
She is a member of the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors, and holds a Bachelor of Commerce and a Master of Applied Finance.
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Fortescue Metals Group chief executive Elizabeth Gaines will step away from her role as the iron ore miner makes the transition to a green energy and resources group.
ANALYSIS: Fortescue Metals Group has never been like other big, listed companies and its leadership succession is no exception.
Andrew Forrest may have high hopes for green hydrogen, but plans revealed by Fortescue today to develop the Belinga project in West Africa indicate iron ore pursuits show no sign of slowing.
Fortescue Metals Group has pledged $750,000 to provide training, professional development and support for telephone crisis supporters under a three-year partnership with Lifeline WA.
Lands Minister John Carey has appointed Jo Gaines to the DevelopmentWA board, following the departure of Alan Carpenter.
Fortescue Metals Group has bought two new electric locomotives in a bid to trim emissions across its mine sites.
Fortescue Metals Group has continued to surprise the market with its ambitious plans, striking an agreement with Sinosteel to evaluate a magnetite mine in the Mid West and a port at Oakajee.
Fortescue chief executive Elizabeth Gaines said the company was continuing to assess the impact of uncertainty clouding WA’s border reopening, on the back of a solid quarterly production update.
Fortescue took a 32 per cent hit to profits and has trimmed its interim dividend after a volatile iron ore market during the first half of the financial year.
Fortescue Future Industries has hired Minderoo Foundation deputy chief executive Felicity Gooding as commercial general manager amid leadership changes at the company.
Ronald McDonald House Charities WA, a new Rare Care Centre at Perth Children’s Hospital and the Perth Lynx are the beneficiaries of three recent sponsorship agreements.
A likely change of power in Canberra this year will have little bearing on the makeup of WA’s political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.
The iron ore giant has renewed its sponsorship of the Australian national men’s and women’s hockey teams and funded the expansion of a community hockey program in the Pilbara.
Fortescue Metals Group has lifted its full-year shipment guidance by an additional 3 million tonnes on the back of a prosperous nine months.
Fortescue Metals Group chief executive Elizabeth Gaines said the company held off on mining certain areas of its new Eliwana mine amid a “heightened awareness” of heritage-related matters.
Fortescue has announced a raft of changes at the top end of the business, including Andrew Forrest stepping in as interim iron ore boss.
A multi-million dollar compensation claim on behalf of the Yindjibarndi people could turn into a fight between the WA government and Fortescue Metals Group over who bears responsibility.
Fortescue Metals Group is aiming to have its first zero-emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Liebherr.
Fortescue Metals Group has delivered record iron ore shipments of 189 million tonnes for the financial year, the last with outgoing chief executive Elizabeth Gaines at the helm.
Elizabeth Gaines says Fortescue has had boots on the ground at a prospective iron ore deposit in Gabon, firming up the company’s exploration plans and a potential iron ore foothold in Africa.
BHP Nickel West President Jessica Farrell has diplomatically echoed comments made by outgoing Fortescue boss Elizabeth Gaines calling for fellow mining companies to step up diversity efforts.
Departing Fortescue Metals Group chief executive Elizabeth Gaines has a new role on the Victor Chang Cardiac Research Institute’s board.
Andrew Forrest has lauded outgoing iron ore boss Elizabeth Gaines as one of Australia’s most inspiring leaders as the miner prepares to navigate new challenges and pick up the pace on renewables.
Aspiring gold producer Greatland Gold has recruited three of the state’s most prominent company directors while also attracting Andrew Forrest’s Wyloo Metals as its top shareholder.
Political editor Gary Adshead talks about his interview with Michelle Roberts and the former police minister's journey from Labor Party stalwart to Speaker of the Legislative Assembly.
Our board moves wrap includes Kellie Davis, David Bannister, Melanie Ross, Jimmy Wilson, Mark Barnaba, Elizabeth Gaines, and Alex Borrelli.
Our weekly appointments wrap includes Elizabeth Gaines, Paul Fitzpatrick, Jenn Morris, Virginia Miltrup, Drew Tomkins, Giacinta Parish, Mark Reed, Greg Jason, Paul Bird, and Luca Pietropiccolo.
Tributes have poured in for late mining veteran Peter Bradford, who has been praised by his peers as an inspiring leader and a visionary of the state’s mining community.
Inflation and sluggish wage growth has barely affected pay for many of WA's top executives.
Elizabeth Gaines will be paid a $1.2 million salary after taking up a part-time executive director role at Fortescue Metals Group, while Jenn Morris has resigned from the company's board.
Our board moves wrap includes Jenn Morris, Elizabeth Gaines, and Brett Salt.
Well-known names feature among this year’s list of WA’s top earners, though not all are in the roles they’ve become known for.
Newmont Corporation has announced it will divest six of its non-core assets, including its Telfer goldmine in the Pilbara, with Andrew Forrest-backed Greatland Gold the likely buyer.
Fortescue boss Dino Otranto has provided a candid assessment regarding market conditions and the company’s recent decision to cull 700 jobs.
Greatland Gold remains keen on the ASX listing it postponed last year, pending progress on the potential buyback of a majority stake in the Havieron gold project from JV partner Newmont.
Greatland Gold chief executive Shaun Day believes the Telfer gold-copper mine his company is acquiring in a $700 million deal with Newmont Corporation is in its best shape in nearly two decades.
Elizabeth Gaines will usher in a new era for Western Australian football from the beginning of 2025, as the first female chair of the West Coast Eagles board.
Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.
Despite a reduced net surplus of $675,924 during 2024, the West Coast Eagles remained one of the most successful off-field national sporting organisations in Australia.
West Coast Eagles chair Elizabeth Gaines says the AFL would likely look towards the eastern states, should it look to expand the competition beyond 2028.
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