Fortescue Energy chief financial officer (CFO) Deborah Caudle will leave her role with the major miner after a corporate restructure.
Caudle joined the team in August 2023 after Felicity Gooding resigned from the role.
As reported in The Australian Financial Review (AFR), a spokesperson for Fortescue confirmed that the company is currently conducting a restructure at the top.
“As part of our transition to a One Fortescue model there has been consolidation of Fortescue’s finance functions,” the spokesperson said.
“We thank Deborah Caudle for her fantastic contribution to Fortescue and wish her the very best. In the interim, Apple Paget, acting metals CFO, will take on additional responsibilities. We thank and congratulate her.”
Fortescue has been pushing to reach net-zero quicker in recent years, securing $325 million for a green ammonia project in December 2023 and extending its solar agreement dates with Genex in January.
The European Union (EU) awarded Fortescue’s Holmaneset green ammonia project in Norway a €203.77 million ($325.4 million) grant as part of its innovation fund, aiming to capitalise on surplus renewable energy from the Norwegian transmission grid and ship the resulting green ammonia to domestic and European markets.
Earlier this month, renewable energy supplier Genex and Fortescue agreed to extend the sunset date for achieving a final investment decision for Fortescue’s Gibson Island project to February 28 2024.
Both parties also agreed to extend the sunset date for achieving financial close of the Bulli Creek solar and battery project in Queensland to March 31 2025.
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