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FMG shares drop more than five per cent amid multiple executives’ exit

Article image for FMG shares drop more than five per cent amid multiple executives’ exit

Former Reserve Bank deputy governor Guy Debelle has become the third executive employee from Fortescue Metals Group to leave the mining giant within the span of a week.

The company’s share price has dropped more than five per cent, equal to $3 billion lost in value.

Press PLAY to hear more about the current standing of FMG

Australian Financial Review Resources Editor, Peter Kerr told Julie-Anne Sprague onĀ 6PR Afternoons FMG might find it difficult to appoint new executives in the future.

“I do wonder in the future if Fortescue is going to struggle to attract high-quality talent, perhaps they won’t, perhaps they might have to pay a bit more than some of the other companies,” Mr Kerr said.

Credit: Martin Ollman/Getty Images.

Steve Mills
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