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FMG appoints new chairman

OLYMPIC gold medallist Herb Elliott has been promoted from deputy chairman to chairman of iron ore hopeful Fortescue Metals Group. Outgoing chairman Gordon Toll relinquished the role to meet increasing work commitments in the UK, although will stay on the board as a non-executive director. Mr Elliott also chairs the Telstra Foundation Ltd, and is a director of both Athletics Australia and Ansell Ltd.

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