Guy Debelle quits Fortescue in the third senior exit in a week

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Guy Debelle quits Fortescue in the third senior exit in a week
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The former Reserve Bank deputy governor’s move to aspiring vanadium miner Tivan follows the departures of Christine Morris and Fiona Hick.

after just six months as CEO of the company’s flagship iron ore division brought to 11 the toll of departing executives in just three years.resigned as CFO of FFI – his first post-Reserve Bank role – last November

He had resigned from the Reserve Bank in March last year after a 25-year career, during which he rose to the position of deputy governor to join FFI because he said heDr Debelle has been outspoken on the need for Australia to drive the energy transition hard to seize the opportunity to become a clean energy superpower, and this monthHe said on Thursday there were huge opportunities for Australia in both critical minerals and clean energy more broadly, as well as challenges in seizing the...

In February, it bought the giant Speewah vanadium deposit in Western Australia to add to its Mount Peake resource in the NT. It plans to fast-track the development and then tackle the challenge of commercialising vanadium flow batteries. They cost more to make than lithium-ion batteries, which have cornered the market, but can provide longer duration storage, which is imperative for firming variable wind and solar energy.

Mr Wilson said: “On behalf of members of the board I am delighted to welcome Guy to Tivan. This is about talented people coming together, shoulder to the wheel, to advance durable pathways for Australia to navigate the energy transition.

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