Kwasi Kwarteng to take on advisory role to Australian mining giant Fortescue from October

By Daily Mail City & Finance Reporter

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Kwasi Kwarteng to take on advisory role to Australian mining giant Fortescue from October Share or comment on this article:

Updated: 09:20 EDT, August 31, 2023

Former Foreign Minister Kwasi Kwarteng (pictured) will assume an advisory role at Fortescue

Kwasi Kwarteng will assume an advisory role at Australian mining giant Fortescue from October.

The former chancellor (pictured), who served 28 days in office, will advise the company’s burgeoning clean energy division.

Fortescue’s billionaire chairman, Andrew ‘Twiggy’ Forrest, is pouring money into green technologies like hydrogen.

Kwarteng asked the advisory committee on business appointments for permission on whether he could accept a part-time position with the group.

The committee said it could start in October, 12 months after he was ousted as chancellor, with certain conditions, such as not being able to lobby the UK government to take the job.

Fortescue has been going through a tumultuous period with most of its executive team leaving or changing roles since 2021.

On Monday, Chief Executive Fiona Hick stepped down after just six months.

This article has been corrected to make it clear that ACOBA did not warn Mr. Kwarteng to avoid taking the job, as we originally reported.

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