Agustin (Gus) Pichot

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.