Fiona Hick salary as the CEO of Fortescue Metals is AUD $147,497. Fiona Hick takes over for Elizabeth Gaines, who was previously paid a base compensation of $1.5 million.
Fiona earnings as a former vice president of Woodside Energy is estimated to be $1.47 million.
She started her mining career in 1996 at Hamersley Iron, joins Fortescue when the company is expanding into new commodities like critical minerals and rare earth.
She stated that she is ready to grow the company into one of the world’s most environmentally responsible miners.
What Is Fiona Hick Salary In 2022?
Fiona Hick is announced as the new CEO with a salary of AUD$147,497, which is comparatively lower than the predecessor Elizabeth Gaines.
When Gaines joined Fortescue in 2018, she was also offered a base pay of $1.5 million, while her predecessor was paid $2 million.
Chairman Forrest claimed that the board understood the importance of closely tying executive pay to business performance.
The first female CEO of Fortescue Metals Group, Elizabeth, eventually rose to among the top 13 highest-paid CEOs in Australia.
She significantly improved the company during her leadership to get it to where it is today.
Her earnings were listed as being AUD$11,119,309 at the time she left the Fortescue Metal Group.
Hick previously worked at Woodside for more than 20 years, most recently serving as the executive vice president of Australian operations.
She was a key member of the team that guided the company through its $40 billion merger with the petroleum division of international miner BHP Group (BHP.AX).
She joins Fortescue at a time when the iron ore giant is exploring the mining of essential minerals and rare-earth elements and is attempting to transform it into a green energy company through its subsidiary Fortescue Future Industries (FFI).
After a year-long search, she will lead Fortescue Metals’ mining division, according to the founder and chairman, Andrew Forrest.
She will be responsible for carrying out Fortescue’s plans to invest $US6.2 billion as part of a switch to renewable energy at the company’s iron ore mines.
Fiona Hick Is A Former Woodside Energy Executive
Fiona Hick spent 22 years working at Woodside after beginning her engineering career at Rio Tinto in 1996.
She left Woodside in November 2022, where she was compensated $1.47 million as an Executive Vice President of Operations.
She has been an important executive team member since 2019 and has been in charge of Woodside’s operations division.
She has played a key role in delivering safe, dependable, affordable, and lower-carbon performance as executive vice president overseeing Australian operations.
The operations group was adapting to the emerging and ongoing effects of the pandemic and global market breakdowns during Fiona’s exemplary tenure, which spanned a very difficult time.