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Fortescue’s subsidiary Fortescue Energy has appointed Deborah Caudle as its chief financial officer (CFO).

Caudle is an experienced finance executive who will be part of Fortescue’s leadership team working to transition the company into a global green metals and energy company, while also maintaining its reputation as a leading iron ore operator.

Caudle’s appointment adds to Fortescue’s consistent changes to its executive leadership team. Its founder Andrew Forrest has previously rejected suggestions of executive dysfunction at the company.

Prior to her appointment at Fortecue, Caudle was the acting CFO of OZ Minerals, which was officially acquired by BHP for $9.6 billion in May 2023, and held the role as BHP financial executive who oversaw integration activities. She begun her career as a process engineer with BHP in the Pilbara region, Western Australia.

Caudle has also worked in senior roles with Société Générale Corporate and Investment Banking and Barclays Corporate and Investment Bank where she gained international experience providing advisory, structuring and financing solutions in the mining and metals sector with a focus on acquisition finance, project finance, debt capital markets and sustainability finance.

At Fortescue Energy, Caudle is expected to play a critical role in enabling the company to deliver on its ambition to bring five projects to the Fortescue board for final investment decision in 2023.

Caudle said her appointment at Fortescue is a great opportunity to join a company that is playing a world-leading role in the green energy transition.

“We are at a pivotal moment in time where the choices we make will determine the future of our planet. As the CFO of Fortescue Energy, I will play my part in providing for a better future while creating greater value for our Fortescue shareholders,” Caudle said.

Caudle is expected to begin her role as Fortescue Energy CFO in September 2023.