Fortescue Ltd

Career chronology

• Founded 2003; executive chair at cutoff: Fortescue Ltd — Founder and Executive Chairman. Board and leadership team (Executive chair biography); FY26 annual report and Appendix 4E (Physical pages 12–13: board biographies)

• Founder and former chief executive; ceased director May 2002: Anaconda Nickel — Founding chief executive and director. Anaconda Nickel chronology (Page 1: players and director exit in May 2002)

Business failures and setbacks

Anaconda project and financial distress

1999–2003 · documented · high materiality

The Murrin Murrin nickel project experienced long delays and fell short of its initial plant specifications. The Takeovers Panel recorded financial distress and subsequent debt restructuring, with a 2003 rights issue. Forrest was the former founding CEO and ceased as a director in May 2002; the later restructuring followed his departure.

Attribution: Role overlaps event; causation unproven. Founder and former CEO during early project problems; later restructuring occurred after his departure, and specific causal fault is not determined.

Relevance: Material context for large-scale project execution and financing.

Anaconda Nickel 02-05 reasons (Paragraphs 7–16); Anaconda Nickel chronology (Page 1: founder and May 2002 departure)

Industrial safety

Cyclone George deaths and dismissed prosecutions

2007–2012 · documented · high materiality

Cyclone George hit a Fortescue rail construction camp in 2007, killing two workers and injuring others. Fortescue reported in 2011 that it and subsidiary The Pilbara Infrastructure were acquitted on 18 charges. A 2014 Western Australian parliamentary answer said all WorkSafe legal action relating to Cyclone George had ended in March 2012, with matters dismissed and some charges withdrawn.

Attribution: Role overlaps event; causation unproven. Forrest was the company CEO during the 2007 event; Fortescue and its subsidiary were acquitted, and no personal criminal responsibility is established.

Relevance: Historical safety oversight context with the full reported prosecution disposition.

Fortescue cleared of workplace death (18 February 2011, deaths and initial acquittal); WA Magistrates Court finds Fortescue not guilty on Cyclone George charges (Page 1, Fortescue and subsidiary acquittal); Cyclone George — coronial inquest; parliamentary question 637 (18 June 2014, Legislative Council question 637)

Environmental record

Solomon native title compensation and appeals

2026 · documented · high materiality

In July 2026 the Federal Court ordered about A$150.3 million compensation for effects of Solomon mining on Yindjibarndi native title. The Yindjibarndi, WA government and Fortescue later appealed; final appellate outcome was not established by the cutoff.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Material community relationships, legal and heritage risk.

Orders in Yindjibarndi native title compensation case (1 July 2026 statement); Yindjibarndi compensation case online file (September 2026 appeal filings); Fortescue appeals native title compensation (16 September 2026 appeal report)

Litigation and enforcement

ASIC disclosure case: final High Court result

2004–2012 · documented · high materiality

ASIC alleged misleading disclosure and director-duty breaches concerning 2004 framework agreements. In 2012 the High Court unanimously allowed Forrest and Fortescue’s appeals, set aside the adverse Full Federal Court declarations and restored the ruling that neither breached the Corporations Act.

Attribution: Individual involvement documented. Forrest was a named respondent; the final court found no contravention on those allegations.

Relevance: The final result is necessary to interpret historical governance litigation.

Forrest and Fortescue v ASIC, judgment summary (Pages 1–2)

Governance and interests

Workplace claims and regulatory undertaking

2023–2026 · documented · high materiality

WorkSafe accepted a 2023 enforceable undertaking concerning 34 alleged failures to comply with information notices; its register records completion in January 2026. A separate 2026 class action alleges workplace harassment; Forrest urged reporting and said alleged criminal conduct should be dealt with by law enforcement. The class claims were not established findings at cutoff.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Oversight of worker safety and workplace culture.

Notice of WorkSafe Commissioner decision (Pages 1–2); Prosecution summaries and enforceable WHS undertakings (Fortescue undertaking listing); Women launch class action against Fortescue (June 2026 article); Forrest responds to class action (June 2026 chairman statement)

Company-reported investigation outcome

2023 · documented · medium materiality

In 2023 Fortescue said its board had engaged an external law firm to examine anonymous claims about Forrest and that the firm did not substantiate any matter. The original investigation report was not published and the company did not disclose the nature of the claims in its statement.

Attribution: Individual involvement documented. Forrest was the subject of a company-commissioned review; the reported outcome was no substantiated matter.

Relevance: Relevant context for management governance without inferring an adverse finding.

Fortescue board reports investigation outcome (17 July 2023 report of company statement and review outcome)

Suitability for the current role

Founder and executive chair experience

2003–2026 · analyst inference · medium materiality

Analyst inference: founding and leading Fortescue through the development of Pilbara iron ore assets offers relevant mining, financing and infrastructure experience, tempered by documented historical project difficulties and community and workplace matters.

Attribution: Responsibility not applicable. Assessment based on documented role and company outcomes, not sole individual attribution.

Relevance: Relevant to strategic and capital oversight.

Board and leadership team (Executive chair profile); Anaconda Nickel 02-05 reasons (Paragraphs 7–16); September 2026 quarterly production report (Pages 1–2)

Evidence gaps

• Original independent investigation report into 2023 anonymous allegations was not obtained; company reported that the external investigator did not substantiate the matters.

• The final outcome of 2026 class and native-title appeals is not established.

• Education and qualifications have not been independently verified.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.

Career chronology

• Joined 2021; CEO appointed August 2023: Fortescue Ltd — CEO Metals and Operations; previously COO Iron Ore. FY26 annual report and Appendix 4E (Physical page 19 leadership biography)

• COO evidenced in 2019–2021; exact start and departure dates not verified: Vale Base Metals — COO, North Atlantic and Asian operations. Thompson community report 2018–2019 (Message from Dino Otranto); Fatal industrial incident at Vale (26 February 2021: role identification)

• Reported history through 2010s; exact dates not independently established: Worsley Alumina / BHP Billiton and South32 — Operations management; refinery general manager and vice president. Executive appointments (Page 2, executive appointment biography); Thompson community report 2018–2019 (Meet Dino Otranto biography)

Education and qualifications

Reported qualifications

FY2026 · issuer reported · low materiality

The company reports chemical engineering and chemistry degrees from Curtin and a graduate finance diploma; independent credential confirmation was not obtained.

Attribution: Responsibility not applicable. Issuer biography, not independently validated.

Relevance: Technical and finance background relevant to operating leadership.

FY26 annual report and Appendix 4E (Physical page 19)

Contributions and company outcomes

Operating performance with Iron Bridge shortfall

FY2026 · issuer reported · high materiality

The FY26 remuneration scorecard records hematite shipments of 192.3 Mt against 189 Mt target, but magnetite shipments of 9.0 Mt against 11 Mt target; Iron Bridge incurred an impairment and its Q4 unit cost was above target. These are company outcomes, not a controlled measure of the CEO’s individual contribution.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Directly relevant to operating delivery and cost discipline.

FY26 annual report and Appendix 4E (Physical page 160 remuneration scorecard)

Industrial safety

Fatality at prior Vale project

2021 · documented · high materiality

A contractor died near the Vale Wabagishik Dam construction project in February 2021. Contemporaneous reporting names Otranto as Vale regional COO and quotes his response; police and the labour ministry investigated and a ministry inspector issued requirements. Final findings were not located.

Attribution: Role overlaps event; causation unproven. His regional executive role overlapped; no evidence establishes personal fault.

Relevance: Prior-employer safety context relevant to his present operations role.

Fatal industrial incident at Vale (26 February 2021 article)

Fortescue workplace claims and undertaking

2023–2026 · documented · high materiality

WorkSafe accepted an undertaking on alleged failures to supply information, completed in January 2026. A separate class action alleges sexual harassment at the company’s mine sites; the allegations are not proven findings. Fortescue says it completed mandatory training.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Relevant to operational and psychosocial safety oversight.

Notice of WorkSafe Commissioner decision (Pages 1–2); Prosecution summaries and enforceable WHS undertakings (Fortescue listing); Women launch class action against Fortescue (Company response and claims)

Evidence gaps

• Final Ontario investigation and any proceedings for the 2021 incident were not located.

• Individual role in Iron Bridge outcomes and class action allegations is not established.

• Qualifications and full Vale chronology were not independently verified.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.

Career chronology

• Joined 2018; CEO from 1 July 2025: Fortescue Ltd — CEO Growth and Energy; previously Head of Global Growth. Leadership update (Page 1, effective 1 July 2025); FY26 annual report and Appendix 4E (Physical page 19 biography)

• Reported in FY26 biography; exact tenure not independently confirmed: Pegsa Group — Founder and leader. FY26 annual report and Appendix 4E (Physical page 19 leadership biography)

Education and qualifications

Reported business education

FY2026 · issuer reported · low materiality

Fortescue reports a Business and Management degree from Brunel University. Independent university verification was not obtained.

Attribution: Responsibility not applicable. Issuer-reported credential.

Relevance: Relevant to business-management experience.

FY26 annual report and Appendix 4E (Physical page 19 biography)

Business failures and setbacks

Growth portfolio progress and remaining delivery

FY2026 · issuer reported · high materiality

Fortescue’s FY26 board scorecard credits some copper acquisition and strategic-partnership progress but records limited development of new revenue streams and challenges with green iron and research initiatives. Progress and delays are company-level results.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Tests delivery of growth mandate against actual, rather than targeted, outcomes.

FY26 annual report and Appendix 4E (Physical page 160, Growth and Energy scorecard)

Arizona and PEM50 hydrogen projects discontinued

FY2025 and July 2025 · issuer reported · high materiality

Fortescue announced on 24 July 2025 that its Arizona Hydrogen and Gladstone PEM50 projects would not proceed, and initially estimated a US$150 million pre-tax write-down across related spending and equipment. Its FY25 annual report recorded US$158 million in one-off carrying-value adjustments across several Energy assets, including these projects. Pichot became Growth and Energy CEO on 1 July 2025; prior project decisions and much of the expenditure preceded that appointment.

Attribution: Role overlaps event; causation unproven. He held the role when the discontinuation was announced; the sources do not establish personal responsibility for the earlier project approvals or expenditures.

Relevance: Material delivery and capital-allocation context for the growth portfolio.

June 2025 quarterly production report (Pages 1 and 4, portfolio decision and write-down estimate); FY25 annual report (Operating and financial review, exploration/development: US$158m adjustments); Leadership update (Page 1, CEO appointment effective 1 July 2025)

Governance and interests

Response to executive investigation

August–October 2026 · documented · high materiality

In October 2026 Fortescue said an unnamed senior executive was dismissed after an investigation into bullying and harassment. Earlier Pichot had defended the process of allowing the employee to remain working during the investigation. The unnamed person is not identified with any named executive in this report.

Attribution: Individual involvement documented. Pichot’s reported comment concerns the process; no allegation of personal misconduct by him is made.

Relevance: Relevant to leadership handling of a workplace matter.

Fortescue executive dismissed after harassment investigation (Article on company statement and August response)

Evidence gaps

• Individual project contributions and Pegsa tenure are not independently quantified.

• No independent confirmation of stated degree or complete prior business interests.

• Outcome of the separate workplace class action is not established.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.

Career chronology

• Joined January 2023; permanent CFO July 2024: Fortescue Ltd — Group CFO; previously finance/tax manager and acting CFO. FY26 annual report and Appendix 4E (Physical page 19 biography); FY24 annual report (Remuneration report, CFO acting and permanent dates)

• Prior to 2023; individual start/end dates unconfirmed: TotalEnergies Australia and ConocoPhillips Australia — Finance leadership roles. FY26 annual report and Appendix 4E (Physical page 19 biography)

Education and qualifications

Reported finance qualifications

FY2026 · issuer reported · low materiality

Fortescue reports a Bachelor of Commerce from the University of Western Australia and membership credentials from CA ANZ and the Tax Institute. Independent confirmation of the qualifications and current standing was not obtained.

Attribution: Responsibility not applicable. Issuer-reported credentials.

Relevance: Relevant to financial control and governance.

FY26 annual report and Appendix 4E (Physical page 19 biography)

Contributions and company outcomes

FY26 financial result and Iron Bridge impairment

FY2026 · issuer reported · medium materiality

The annual report discloses statutory profit after tax of US$2.860 billion versus underlying profit of US$3.458 billion. Its scorecard notes an Iron Bridge impairment and below-target magnetite shipments. CFO tenure overlaps; exact personal contributions to each outcome were not isolated.

Attribution: Role overlaps event; causation unproven. This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.

Relevance: Relevant to capital allocation and financial stewardship.

FY26 annual report and Appendix 4E (Physical pages 145 and 160)

Suitability for the current role

Resources finance experience

Prior to 2023–2026 · analyst inference · medium materiality

Analyst inference: Fortescue reports experience in finance and tax with TotalEnergies and ConocoPhillips before her 2023 start and CFO promotion; the depth of individual transaction attribution remains limited.

Attribution: Responsibility not applicable. Judgment based on disclosed career, not independent proof of particular transactions.

Relevance: Relevant to the CFO role.

FY26 annual report and Appendix 4E (Physical page 19 biography)

Evidence gaps

• Universities and professional bodies did not independently verify credentials.

• Exact tenure, scope and outcomes of TotalEnergies and ConocoPhillips roles were not established.

• The officer register was not sufficient to infer any personal responsibility for Fortescue Zero outcomes.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.

Career chronology

• Joined 2021; secretary effective 17 July 2024: Fortescue Ltd — Company Secretary; earlier legal manager. Management and organisational update (Page 1, appointment effective 17 July 2024)

• Before Fortescue role; exact dates not established: Lavan — Special counsel, corporate team. Our team: Mona Gill (Mona Gill professional biography)

Education and qualifications

Reported law and science qualifications

FY2024 · issuer reported · low materiality

The FY24 annual report states Gill holds law and science degrees from UWA, a UNSW law masters and AICD graduate status. Independent confirmation has not been obtained.

Attribution: Responsibility not applicable. Issuer-reported credentials.

Relevance: Relevant to governance responsibilities.

FY24 annual report (Printed page 16, secretary biography)

Suitability for the current role

Company-secretarial and legal experience

2021–2026 · analyst inference · medium materiality

Analyst inference: Gill has reported legal, compliance and company-secretarial experience relevant to Fortescue governance, including issuer-dated appointment in July 2024. Individual performance outcomes are not independently quantified.

Attribution: Responsibility not applicable. Fit judgment, not an independent evaluation of legal or governance performance.

Relevance: Relevant to exchange disclosure and board processes.

Management and organisational update (Page 1, company secretary appointment and experience); Our team: Mona Gill (Mona Gill, prior Lavan role)

Evidence gaps

• Independent professional registration and qualification checks were not obtained.

• Prior Lavan clients and individual case outcomes were not established for comprehensive screening.

• No personal responsibility for Fortescue company proceedings was inferred from her position.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.

Career chronology

• At least August 2026; start date not established: Fortescue Ltd — Director of Technical Services. FY26 investor and analyst call transcript (Physical page 8, speaker introduction)

Suitability for the current role

Public technical planning role

August 2026 · analyst inference · medium materiality

Analyst inference: At the August FY26 results call Otranto introduced Cyriac as technical-services director; Cyriac explained how Blacksmith may affect mine planning, capital intensity and product strategy. This technical role is relevant to Fortescue’s mine plan. The project timing he discussed was prospective, not demonstrated production.

Attribution: Responsibility not applicable. Source identifies his spoken technical explanation, not a verified outcome or approval role.

Relevance: Shows role relevance to mine planning while limiting claims about delivery.

FY26 investor and analyst call transcript (Physical page 8, Blacksmith discussion)

Evidence gaps

• His appointment date, prior employers and qualifications were not established.

• A same-name Indian court result could not be matched to this executive and was not attributed.

• Broader prior-employer outcomes, independent credentials and individual decision responsibility remain unresolved.

• The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.