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https://thewest.com.au/business/mining/fortescue-trio-resign-over-behaviour-issue-ng-s-2049746
Three high-ranking officials at Fortescue Metals have resigned over an undisclosed matter which was largely about people and behaviour, according to a tight-lipped boss Elizabeth Gaines.
Chief operating officer Greg Lilleyman, director projects Don Hyma and director Iron Bridge Manie McDonald all resigned, the mining giant said on Tuesday.
Mr Lilleyman's resignation was effective immediately.
The trio have all had oversight of Fortescue's Iron Bridge magnetite iron ore project, which has had huge costs and is being reviewed by management.
Yet Ms Gaines told media the announcement did not reflect the costs.
"This is largely about people and behaviour," she said.
"It wouldn't be appropriate to comment further on any specifics."
She said staff had to meet company values, and core to these values was meeting targets.
Asked whether the behaviour in question was that of one individual, Ms Gaines said: "It's about teams. It's not just about one individual".
Ms Gaines and chief financial officer Ian Wells will forego incentive payments this financial year.
The company is due to report first-half earnings on Thursday and Ms Gaines said an update on the Iron Bridge project will be provided.
Shares slumped in the wake of the news, and were lower by 4.28 per cent to $23.38 at 1530 AEDT. |
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