# John Welborn

Executive Chairman

## Career chronology

- **previous roles; exact dates not disclosed: Investec Bank Australia** — Head of Specialised Lending. [Management and our people](<https://fenixresources.com.au/about/board-of-directors/>) (lines 70–78)

- **since 2022: Fenix Resources Limited** — Executive Chairman. [FY26 Annual Report](<https://cdn.financialreports.eu/financialreports/media/filings/64910/2026/RNS/64910_rns_2026-08-25_cca0271e-b809-4eeb-9bac-bcbec339f1f5.pdf>) (Corporate directory or key management personnel disclosure)

## Contributions and company outcomes

### Record FY26 shipments; company-level attribution only [exec_john_welborn_fy26_shipping]

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

**Attribution:** Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

**Relevance:** Relevant operating context for team assessment, with personal attribution expressly limited.

[FY26 Annual Report](<https://cdn.financialreports.eu/financialreports/media/filings/64910/2026/RNS/64910_rns_2026-08-25_cca0271e-b809-4eeb-9bac-bcbec339f1f5.pdf>) (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

### Fenix iron-ore shipments increased in FY26 [exec-john-welborn_research_update]

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt FY26 vs 2.4Mt FY25. John Welborn executive-chair overlap; company performance, personal causation not claimed.

**Attribution:** Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

**Relevance:** Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

[FY26 Annual Report](<https://cdn.financialreports.eu/financialreports/media/filings/64910/2026/RNS/64910_rns_2026-08-25_cca0271e-b809-4eeb-9bac-bcbec339f1f5.pdf>) (Annual Report operating review)

## Business failures and setbacks

### Diesel shortage forced Fenix to scale back non-essential operations [john_welborn_fuel_disruption]

2026-03 · documented · medium materiality

ABC reported Fenix came within days of exhausting fuel in March 2026 and scaled back non-essential work to protect operating continuity. Welborn said the company had relied on regular diesel supply and was reassessing that strategy. This is a company supply-chain disruption and management response, not a finding of misconduct.

**Attribution:** Individual involvement documented. Welborn is directly quoted discussing the company’s response and dependence; the source reports disruption, not negligence.

**Relevance:** Relevant to executive risk management and supply-chain resilience, particularly while Fenix operates an integrated mine/haulage/port chain.

[Iron ore miner Fenix Resources came within days of running out of fuel](<https://www.abc.net.au/news/2026-03-31/wa-iron-ore-miner-fenix-came-close-to-running-out-of-fuel/106516192>) (ABC article: shortage impact and Welborn’s comments)

## Suitability for the current role

### Limited public evidence for role fit [exec_john_welborn_role_fit]

since 2022 · analyst inference · medium materiality

Issuer biography lists John Welborn as Executive Chairman and reports prior roles at Investec Bank Australia. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

**Attribution:** Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

**Relevance:** The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

[FY26 Annual Report](<https://cdn.financialreports.eu/financialreports/media/filings/64910/2026/RNS/64910_rns_2026-08-25_cca0271e-b809-4eeb-9bac-bcbec339f1f5.pdf>) (Corporate directory, key management personnel or appointment disclosure; role and date); [Management and our people](<https://fenixresources.com.au/about/board-of-directors/>) (lines 70–78)

## Evidence gaps

- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
