Fiona Hick makes $147,497 annually as CEO of Fortescue Metals. Elizabeth Gaines, who previously received a base salary of $1.5 million, is replaced by Fiona Hick.

Like a former vice president of Woodside Energy, Fiona earned an estimated $1.47 million in salary.

She began her mining career in 1996 at Hamersley Iron and joined Fortescue as it expanded into new commodities like rare earth and critical minerals.

She declared that she is prepared to develop the business into one of the world’s leading environmental miners.

Image Source: NewsnReleases

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Fiona Hick’s Salary In 2022

With a salary of AUD$147,497, much less than her predecessor Elizabeth Gaines’, Fiona Hick has been named the next CEO.

Gaines received a basic salary of $1.5 million when she joined Fortescue in 2018, compared to her predecessor’s $2 million salary.

According to Chairman Forrest, the board clearly understands the value of tightly linking executive compensation to company performance.

Elizabeth, Fortescue Metals Group’s first female CEO, eventually advanced to become one of Australia’s top 13 highest-paid CEOs.

During her tenure as CEO, she dramatically enhanced the business, bringing it to its current state.

Image Source: The West Australian

AUD$11,119,309 in earnings were reported for her when she departed the Fortescue Metal Group.
Hick spent more than 20 years working with Woodside, most recently in the position of executive vice president of Australian operations.

She was a crucial member of the group that directed the company itself through its $40 billion merger with the petroleum division of multinational miner BHP Group (BHP.AX).

She joins Fortescue at a moment when the iron ore behemoth is looking into mining for rare earth elements and critical minerals and seeking to become a green energy firm through its subsidiary Fortescue Future Industries (FFI).

According to founder and chairman Andrew Forrest, she will head the mining sector of Fortescue Metals after a year-long search.

She will put Fortescue’s plans to spend $US6.2 billion into the company’s iron ore operations to convert to renewable energy into action.

How Long Has Fiona Hick Been A former Woodside Energy Executive?

Fiona Hick started her engineering career in 1996 at Rio Tinto and spent 22 years at Woodside.

In November 2022, she departed Woodside, where she had been paid $1.47 million as an executive vice president for operations.

She has been in charge of Woodside’s operations division since 2019 and is a vital part of the executive team.

As executive vice president in charge of Australian operations, she has significantly contributed to delivering safe, dependable, economic, and low-carbon performance.

During Fiona’s outstanding tenure, which encompassed a particularly challenging period, the operations group was reacting to the new and ongoing repercussions of the pandemic and worldwide market failures.

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