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Fortescue appoints Jetset CFO to board

Elizabeth Gaines brought on to lift the ASX-listed company’s board financial nous

ASX-listed Fortescue Metals Group (ASX: FMG) has appointed Jetset Travelworld Group CFO and chief operating officer Elizabeth Gaines as a non-executive director to bump up its leadership and financial credentials.

The appointment is one of two changes to the metals company’s board alongside the appointment of development director Peter Meurs as executive director.

Prior to joining Jetset, Gaines was the CFO of Stella Group and has also held the chief finance and operations director’s role at UK-based Entertainment Rights. She was previously the CEO of Heytesbury and has also held senior treasury and finance roles at BankWest locally and Kleinwort Benson in the UK. She qualified as a chartered accountant with Ernst & Young.

Fortescue chairman Andrew Forrest said Gaines will add to the board’s extensive international experience around finance and commercial arrangement.

“Fortescue will soon be a very large company,” he said. “Already its annual royalties and taxes, balance sheet provisions to rehabilitate the beautiful environments in which it works, and its commitment to indigenous businesses, will each go over a billion dollars.

“Elizabeth’s exceptional leadership record in business, accounting and financial discipline across a range of industries, will be invaluable as we ramp up our production to 155mtpa, with the addition of the low-cost Solomon mines and operations.”

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