Fiona Hick served as the former chief executive officer of the Fortescue Metals Group’s iron ore segment from August 28, 2023, for less than six months. She was one of the few female executives in the heavily male-dominated field and the first woman to head the iron ore division of Australia’s third-largest miner.

How much is the net worth of Fiona Hick ?

Her earnings up to this point have been excellent, and with her talent, he will continue to earn well. The estimated net worth of Fiona Hick is $4 million, we inform you. If you are already familiar with it, scroll down to learn more. Everything about that has been covered on the blog. If you learned anything from her wiki, continue reading to learn more fascinating stuff about him.

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Early Age and Education

The former CEO of the Australian-based iron ore miner Fortescue Metals Group is Fiona Hick. Perth, Western Australia, is where she was born in 1974.

1974 saw the birth of Fiona Hick in Perth, Western Australia. She developed an interest in science and engineering while she was a student at St Mary’s Anglican Girls’ School. In 1996, she earned a Bachelor of Engineering (Chemical) degree from Murdoch University. In 2006, she earned a Master of Business Administration from The University of Western Australia.

Husband, Wife and Children

Andrew Hick, a former executive at Woodside who is currently the managing director of the oil and gas exploration and production firm Strike Energy Ltd., is married to Fiona Hick. They are parents to a daughter and a son. They are Perth, Western Australia residents.

Fiona Hick is an enthusiastic biker and runner who takes part in triathlons and marathons. She also supports a number of philanthropic organizations, including the Starlight Children’s Foundation, which offers amusement and assistance to chronically sick children and their families.

Career & Achievements

Process engineer Fiona Hick began her career in 1997 with Alcoa World Alumina Australia, where she spent seven years in a variety of jobs in operations, maintenance, and projects.

In 2004, she subsequently began working for Australia’s largest independent oil and gas producer, Woodside Energy Group Ltd. She had a number of important positions at Woodside, including vice president of operations for the largest resource project in Australia, the North West Shelf Venture.

After a reorganization that separated the CEO responsibilities for the company’s metals and green energy sectors, Fiona Hick was chosen to lead the iron ore division of Fortescue Metals Group in February 2023.

She was in charge of directing Fortescue’s primary operations in Western Australia’s Pilbara region, which produces around 180 million tonnes of iron ore annually. She also oversaw the company’s efforts to electrify its haul trucks and trains and use renewable energy sources like solar and wind in order to decarbonize its mining operations by 2030.

Widely recognized as a talented and seasoned leader, Fiona Hick brought to Fortescue a new outlook and a keen focus on safety, sustainability, and innovation. Additionally, she received appreciation for her initiatives to advance diversity and inclusion in the business and the sector, particularly for women and Indigenous people. She served as a mentor for Women in Mining Western Australia (WIMWA), a nonprofit that assists women employed in the resource industry.

Challenges and Resignation

Despite her success and reputation, Fiona Hick encountered certain difficulties while working at Fortescue. One of these was the Iron Bridge magnetite project, a joint venture between Fortescue and China’s Baosteel Group, which ran over budget and was delayed.

It was initially projected that the project, which intends to generate high-grade iron ore concentrate for export markets, would cost $2.6 billion and begin production in the middle of 2022. However, Fortescue reported in April 2023 that the project would cost $3.5 billion and be postponed until the middle of 2023.

The drop in iron ore prices, which impacted Fortescue’s profitability and stock price, was another difficulty. Strong demand from China and supply interruptions from Brazil caused iron ore prices to rise to a record high of more than $230 per tonne in May 2023.

The subsequent months saw a steep decline in prices, however, as a result of China’s attempts to reduce emissions and steel production as well as an increase in supplies from foreign suppliers. Prices for iron ore had fallen to less than $150 per tonne by August 2023.

Some Facts About Fiona Hick

• She was born in 1974 in Perth, Western Australia, and graduated from St Mary’s Anglican Girls’ School in 1991.
• Fiona has a bachelor’s degree in engineering from Murdoch University and a master’s degree in business administration from The University of Western Australia.
• She started her career as a process engineer at Alcoa World Alumina Australia in 1996 and then joined Woodside Energy Group in 2000, where she rose to become the executive vice president of development and marketing.
• Fiona was responsible for overseeing Woodside’s major projects, such as the Pluto LNG project, the Browse LNG project, and the Scarborough LNG project, as well as expanding Woodside’s presence in international markets, such as Myanmar, Senegal, and Canada.