Ian Wells - Fortescue Metals Company Secretary

FSUGY Stock  USD 24.24  0.57  2.41%   

Executive

Mr. Ian Wells is Chief Financial Officer of the Company. Mr. Wells joined Fortescue in 2010 and has held multiple senior executive roles in the Finance team, including funding, treasury, planning and analysis as well as Company Secretary. He commenced as Chief Financial Officer in February 2018. Prior experience includes financing Fortescues US10 billion major iron ore project development to 155 million tonnes per annum, and successfully undertaking multibillion dollar capital raising and refinancing transactions in domestic and international capital markets. Most recently, he has held the position of Group Manager Corporationrationrate Finance, leading Fortescue capital management strategy with group responsibility for Treasury and Funding. With more than 20 years experience as a senior executive in leading ASX listed and private companies in the mining, energy infrastructure and healthcare industries, Mr. Wells prior positions include Chief Financial Officer of Singapore Power subsidiary Jemena Limited and Acting CFO of Alinta Limited since 2018.
Tenure 6 years
Professional MarksCPA
Phone61 8 6218 8888
Webhttps://www.fmgl.com.au
Wells holds a Bachelor of Business in Accounting, is a Fellow of CPA Australia, a Certified Finance and Treasury Professional and a Graduate of the Australian Institute of Company Directors.

Fortescue Metals Management Efficiency

The company has return on total asset (ROA) of 0.2005 % which means that it generated a profit of $0.2005 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3533 %, meaning that it generated $0.3533 on every $100 dollars invested by stockholders. Fortescue Metals' management efficiency ratios could be used to measure how well Fortescue Metals manages its routine affairs as well as how well it operates its assets and liabilities.
Fortescue Metals Group has accumulated 5.28 B in total debt with debt to equity ratio (D/E) of 0.35, which is about average as compared to similar companies. Fortescue Metals has a current ratio of 2.79, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Fortescue Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortescue Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortescue Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortescue to invest in growth at high rates of return. When we think about Fortescue Metals' use of debt, we should always consider it together with cash and equity.

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Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia. Fortescue Metal operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. Fortescue Metals Group [FSUGY] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Fortescue Metals Leadership Team

Elected by the shareholders, the Fortescue Metals' board of directors comprises two types of representatives: Fortescue Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortescue. The board's role is to monitor Fortescue Metals' management team and ensure that shareholders' interests are well served. Fortescue Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortescue Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Gemma Tually, Joint Legal
BSc BSc, Director Projects
LLB GAICD, Company Sec
Mark Thomas, Joint Company Secretary
Linda OFarrell, Group Manager Fortescue People
Andrew Driscoll, Gen Relations
Dino Otranto, Chief Ore
Ian Wells, Company Secretary
AO AICD, Founder Chairman
Eamon Harmon, Gen Exploration

Fortescue Stock Performance Indicators

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Additional Tools for Fortescue OTC Stock Analysis

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