Follow the leaders: This week’s executive movements

Keep up with the latest executive movements across the mining sector, including at Northern Star Resources, Fortescue Metals Group, Macmahon Holdings and more.

Northern Star chairman Bill Beament is set to depart the company in July, following an agreement to take up the role of executive director with Venturex Resources.

The company has appointed independent non-executive director John Fitzgerald to perform the role of chair from July until the appointment of a new chair.

Beament joined Northern Star in 2007 as managing director and was appointed executive chair in 2016.

“I share the view that now is the right time for Northern Star to begin the search for an independent chair,” he said.

“The company is in an extremely strong position, with an outstanding team and some of the best gold assets in the world.”

Fitzgerald said Beament had guided Northern Star through a period of exceptional growth, building a globally significant gold company which generated substantial returns for shareholders.

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Fortescue Metals Group has welcomed Nick Warner and Malcolm Turnbull as part of the Fortescue Future Industries (FFI) team.

Warner, a former Australian diplomat and intelligence official, will join the team as FFI special advisor international affairs.

He previously served as the director-general of the Office of National Intelligence, director-general of the Australian Secret Intelligence Service and secretary of the Defence Department.

“Warner’s expertise on global intelligence is incomparable, and his knowledge will be critical as we continue to engage foreign governments to explore green hydrogen opportunities,” Fortescue founder and chairman Andrew Forrest said.

Turnbull, Australia’s 29th Prime Minister from 2015-2018, will take up the role of chairman.

Fortescue stated he had been a strong advocate for the reduction of greenhouse gas emissions.

As Environment Minister during the Howard Government in 2007, Turnbull introduced the first legislation to establish an emissions trading scheme.

He also commenced the construction of Australia’s largest renewable project and biggest pumped hydro storage scheme in the southern hemisphere, Snowy Hydro 2.0, during his post as Prime Minister.

“Turnbull has been involved in key policy decisions that have not only altered Australian society but also have international implications for other countries facing similar issues including the environmental conservation and energy crises,” Forrest said.

“He will bring a level of vital experience as we continue our journey to bring FFI to a global audience.”

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Macmahon Holdings has named Denise McComish as an independent non-executive director of the company, effective next week.

McComish is currently a director of Beyond Blue and Chief Executive Woman, and was previously a partner at KPMG for 30 years.

She is a fellow of Chartered Accountants Australia and New Zealand and a member of the Australian Institute of Company Directors and the Australian Takeovers Panel.

Macmahon chair Eva Skira was delighted to welcome McComish to the board of Macmahon.

“Given (McComish’s significant skills and corporate experience in the areas of audit, reporting, assurance and mergers and acquisitions), we believe her appointment will further strengthen the board as we continue to pursue our growth strategy,” Skira said.

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Stephen McIntosh has joined Chalice Mining as a non-executive director.

McIntosh has built a global career spanning more than 30 years at Rio Tinto, where he was involved in the discovery and development of major projects across a range of commodities.

Recently McIntosh was a member of Rio Tinto’s executive committee and held the position of group executive, growth and innovation and health, safety, environment and security.

The appointment comes as Chalice advances the resource definition and economic evaluation stage at the Julimnar nickel-copper-PGE (platinum-group element) project in Western Australia.

“As Chalice grows, (McIntosh’s) immense knowledge and experience will be invaluable as we take this exceptional discovery to the next level, evaluate development pathways and engage with an increasingly broad range of stakeholders,” Chalice chairman Tim Goyder said.

McIntosh said that the Julimar discovery had been one of the most exciting new mineral discoveries in Australia of the past decade.

“(It) has the potential to be a long term supplier of critical, clean energy metals at a time when demand for these metals is widely expected to increase dramatically,” he said.

“… I am looking forward to working with (the Chalice team) and contributing my knowledge and experience as we progress Julimar further in the months and years ahead.”

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Astro Resources has appointed executive director Vince Fayad to interim chief executive.

This follows a significant increase to his leadership duties at the company over the last 12 months.

Fayad was executive director, company secretary and chief financial officer of Greenvale Energy (now Greenvale Mining) and European Lithium.

At Greenvale Mining, he oversaw the acquisition of Knox Resources, a company that owned a prospective iron oxide copper gold (IOCG) portfolio in the Northern Territory.

Astro chairman Jacob Khouri said Fayad had an impressive track record of company success, having played a major role in his previous position on the board of Greenvale Mining, where he was heavily involved in the development of the company.

“Over the last 12 months , (Fayad) has assumed a greater leadership role in running Astro, overseeing the work programs being carried out across our portfolio of assets in Australia and the (United States) and the company’s general corporate activities,” Khouri said.

“(Fayad) is a great asset to the Astro team, and we are thrilled he has extended his role to that of interim (chief executive).”

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