Fortescue bolsters its board

Marshall served as chief executive officer of CSIRO from 2015–2023 and was the agency’s longest serving chief executive in the past 50 years.

“I am passionate about innovation and the process of turning science into products and value for companies,” Marshall said.

“In my 26 years in the US, I evolved from scientist, to inventor, to entrepreneur, to CEO, to Silicon Valley venture capitalist.

“It is my passion for innovation and my experience in leading cutting-edge companies that makes Fortescue a natural fit. Fortescue is at the absolute forefront of technology development in the mining and green energy sectors.

“I was drawn to Fortescue because I want to help it implement its world-leading decarbonisation plan and eliminate fossil fuels while delivering returns for its shareholders.”

Fortescue executive chairman Andrew Forrest said Marshall’s experience was a key factor in the board’s decision to appoint him.

“We are 100 per cent science-based in our approach to reducing emissions and phasing out fossil fuels, and Larry’s appointment is a reflection of this,” Forrest said.

“Larry left the CSIRO with a lasting legacy, and I have no doubt that he will leave an equal, if not greater legacy at Fortescue as we embark on the most important period in our proud history.

“We want the very best scientific minds to join us on our mission and the benefits to Fortescue that Larry’s extraordinary experience as a scientist, inventor and business leader will bring will be immeasurable.”

Marshall’s appointment comes as Fortescue gears up to begin construction on its new Nyidinghu iron ore mine.