Fortescue Metals full-year profit drops; iron ore CEO resigns (OTCMKTS:FSUMF)

Fortescue Metals (OTCQX:FSUMF) (OTCQX:FSUGY) said Monday the top executive of its iron ore division, Fiona Hick, has resigned, to be succeeded by Dino Otranto, the iron ore division’s COO; no explanation was provided.

Otranto joined Fortescue (OTCQX:FSUMF) (OTCQX:FSUGY) in 2021, and has more than 20 years’ experience in the energy and resources industries; Hick, who joined the company from Woodside Energy is leaving after just six months on the job.