Page 7 - Guy Debelle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Fortescue Metals Group Ltd. is being hit by an executive exodus, as the world’s fourth-largest iron ore miner seeks to become a major new-energy player under a transition championed by its chairman and founder, billionaire Andrew Forrest. Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to

Former RBA deputy governor’s exit comes days after the mining group’s CFO and chief executive departed

The former Reserve Bank deputy governor has become the third senior executive this week to free themselves from the orbit of Andrew Forrest.

The miner’s superpower has been its ability to balance entrepreneurialism and governance stability. The departure of yet another executive says something is out of whack. 

The local share market closed lower as traders took profits from four days of gains ahead of an important US jobs report.