Fortescue Metals Group non-executive director Ken Ambrecht, who is set to retire at the company’s upcoming annual general meeting, has offloaded 360,000 shares to raise $1.5 million. He retains a stake of 4.8 million shares in the WA iron ore miner that are currently worth $19.5 million. Mr Ambrecht has been on the FMG board for nine years, and prior to that spent many years in the US finance sector, including a stint as managing director, capital markets at Royal Bank of Canada.
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