Neville Power - Fortescue Metals CEO, Non-Independent Executive Director

FSUMF Stock  USD 16.29  0.22  1.37%   

CEO

Mr. Neville J. Power is Managing Director, Executive Director of the Company. He has more than 30 years experience in the mining, steel and construction industries and a proven track record in the delivery of major infrastructure projects, mining and steel manufacturing and distribution. Prior to joining Fortescue, Mr Power held Chief Executive positions at Thiess and Smorgon Steel Group. As Fortescues Chief Executive Officer, Mr Power has led the Companys strong, values based culture, commitment to safety excellence, to improving diversity and to the Billion Opportunities program which has awarded close to A2 billion in contracts to Aboriginal businesses. Mr Power also has a long history in agribusiness and aviation holding both fixed wing and helicopter commercial pilot licenses. Mr Power is a passionate advocate for the development of northern Australia and for its communities to reach their full potential. He is a Fellow of both Engineers Australia and the AusIMM and a member of the Australian Institute of Company Directors and the International Advisory Board for Lingnan College, Sun Yatsen University. Mr Power is a INSEAD graduate, and holds a Bachelor of Engineering and a MBA. since 2017.
Tenure 7 years
Professional MarksMBA
Phone61 8 6218 8888
Webhttps://www.fmgl.com.au
Power has a Bachelor Engineering from University of Southern Queensland and a Masters of Business Administration from the University of Queensland.

Fortescue Metals Management Efficiency

The company has return on total asset (ROA) of 0.2005 % which means that it generated a profit of $0.2005 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3533 %, meaning that it generated $0.3533 on every $100 dollars invested by stockholders. Fortescue Metals' management efficiency ratios could be used to measure how well Fortescue Metals manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 5.28 B in total debt with debt to equity ratio (D/E) of 0.35, which is about average as compared to similar companies. Fortescue Metals has a current ratio of 2.79, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Fortescue Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortescue Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortescue Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortescue to invest in growth at high rates of return. When we think about Fortescue Metals' use of debt, we should always consider it together with cash and equity.

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CEO Age

JeanMarc LulinAzimut Exploration
N/A
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia. Fortescue Metal operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. Fortescue Metals Group [FSUMF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Fortescue Metals Leadership Team

Elected by the shareholders, the Fortescue Metals' board of directors comprises two types of representatives: Fortescue Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortescue. The board's role is to monitor Fortescue Metals' management team and ensure that shareholders' interests are well served. Fortescue Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortescue Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Peter Lynch, Director - Business Development
Cao Zhiqiang, Director
Gregory Lilleyman, Director - Operations
BSc BSc, Director Projects
Nick Cernotta, Director Operations
Stuart Gale, IR Contact Officer
John Forrest, Non-Independent Non-Executive Chairman of the Board
Andrew Driscoll, Gen Relations
Stephen Pearce, CFO
Gerhard Veldsman, Co-ordinating General Manager Port and Rail Operations
Geoffrey Raby, Non-Executive Independent Director
Nicholas Cernotta, Director of Operations
Ian Wells, Company Secretary
Tony Swiericzuk, Director - Business Development
Peter Meurs, Executive Director
Alison Terry, Company Secretary
Hui Cao, Non-Executive Director
Mark Barnaba, Non-Executive Independent Director
Neville Power, CEO, Non-Independent Executive Director
LLB GAICD, Company Sec
Robert Watson, Group Manager Health and Safety
Julie Shuttleworth, Deputy CEO
Elizabeth Gaines, Non-Executive Director
AO AICD, Founder Chairman
Jean Baderschneider, Non-Executive Director
Gemma Tually, Joint Legal
Zhiqiang Cao, Director
Sharon Warburton, Non-Executive Director
Jennifer Morris, Non-Executive Director
Tim Langmead, Director-External Relations
Owen Hegarty, Non-Executive Independent Director
Dino Otranto, Chief Ore
Penny BinghamHall, Non-Executive Director
Eamon Harmon, Gen Exploration
David Liu, Director of Sales & Marketing
Sebastian Coe, Non-Executive Director
Cameron Wilson, Company Secretary
Simon Carter, Group Manager Development
Danny Goeman, Director of Sales and Marketing
Mark Thomas, Joint Company Secretary
Peter Huston, Director-Corporate Services, Chief General Counsel
Linda OFarrell, Group Manager Fortescue People

Fortescue Stock Performance Indicators

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Please note, there is a significant difference between Fortescue Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortescue Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortescue Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.