Today's board moves wrap includes Stephen Pearce, Malcolm Norris, Todd Ross, David Wheeler, Rudolf Tieleman, Kian Tan, Gabriel Chiappini, Anna Sloboda, Matt Callahan, Stephen Dennis, Richard Gibb, Bradley Marwood and Eduardo Robaina.
Our weekly appointments wrap includes Stephen Pearce, Matt McIntyre, Claire Wright, Stephanie Juszkiewicz, Samantha Craig, Stacey Wellings, and Rikki Hendon.
Stephen Pearce has resigned as non-executive director of Cedar Woods Properties. Mr Pearce has been appointed finance director of Anglo American plc and will be relocating to London.
Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.
Iron ore exporter Fortescue Metals says it will repay $US700 million ($A925 million) of its debt, generating annual interest savings of about $US26 million.
Fortescue Metals Group will lop off another $US500 million ($A665 million) from its debt pile next week, after issuing a repayment notice for part of its 2019 term loan.
Stephen Pearce has been appointed to the board of Fortescue Metals Group, but will retain his current role as chief financial officer of the iron ore giant.
Fortescue Metals Group has taken its latest round of debt repayments to more than $US1.2 billion, with a $US650 million buy of its 2019 senior secured term loans.
Fortescue Metals Group reduced cash production costs around 45 per cent in the 12 months to the December quarter and has plans to further buy back debt in the months ahead, chief executive Nev Power said today.
A 270 kilometre-long gas pipeline connecting Fortescue Metals Group's Solomon hub operations to the Dampier natural gas pipeline was officially opened today.
Fortescue Metals Group is continuing to accelerate its debt reduction by initiating repayment of nearly half of its $US2.04 billion in senior unsecured notes to its trustees that are due in 2015.
Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.
