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There’s a handful of candidates in the mix to succeed Philip Lowe, but the dilemma for Jim Chalmers is there is no obvious replacement.
US hydrogen giant Plug Power no longer wants to partner Fortescue in a Gladstone electrolyser factory because the economics aren’t attractive enough.
Fortescue Metals Group’s chief financial officer Ian Wells has joined Guy Debelle in making a quick exit and won’t deliver next month’s financial results.
Australian shares are set to open higher. US stocks rally on tech sector. Oil lifts on China demand hopes. $A eyes US69.50¢.
New Fortescue Metals Group mining boss Fiona Hick has plenty of fans in the resources sector as she faces the biggest challenge of her career.