A DIVERSIFIED board of directors has been named as a factor in “outstanding results” announced by Fortescue Metals Group for the financial year just gone.
The results were:
- Underlying EBITDA of US$6bn
- Underlying NPAT of US$3.2bn
- 167.7m tonnes shipped
This was said to be “a record breaking year” for the company.
Founder and company chairman Andrew ‘Twiggy’ Forrest AO attributed the results to the hard work and determination of the Fortescue team and the diversity of the company’s leadership.
“Fortescue is one of only 15 companies in the ASX200 with equal gender representation on the Board and we are all proud that our Board remains a leader in industry and corporate Australia for its gender diversity,” Mr Forrest said.
“As we build our global presence, we are also leading the way in ethnic diversity, with two Chinese representatives on the board of directors.
“Fortescue is now rapidly evolving, drawing on the entire Fortescue family to continue to improve on our industry leading efficiency and world class operations to position our company for dynamic future growth. The diversity of the board is integral to Fortescue’s future success.”
Chief executive Elizabeth Gaines they recognised encouraging diversity was not just the right thing to do, but the smart thing to do.
“Women hold 26% of senior management roles and we are focused on building on our strong track record of Aboriginal training by supporting aspiring Aboriginal leaders in our business,” she said.
Fortescue’s Leadership Excellence in Aboriginal People initiative was noted as being “critical to supporting Aboriginal leaders in the workplace”.
“The LEAP program has been a tremendous success with 42 of our Aboriginal employees completing the program to date,” Ms Gaines said.
“Of this group, 50% have been promoted and 30% have become supervisors.” FMG exports iron ore from Port Hedland, in Western Australia.