Annual Report2022

As Founder and Executive Chairman, Dr Andrew Forrest has led Fortescue from inception to a top ten ASX listed natural resources company that has invested more than US$30 billion developing some of the world’s most efficient infrastructure.

Fortescue will become zero-emissions across its operations by 2030. Key to enabling that is Fortescue Future Industries (FFI). Established in 2020, FFI is a developer, financier, and operator of a global portfolio of renewable energy resources to produce green energy at a scale equal to the oil and gas super-majors. Fortescue has been globally recognised for its industry leading work to decarbonise and appointed to the UN Race to Zero Coalition and the US President’s First Movers Coalition.

Andrew has a PhD in Marine Ecology from The University of Western Australia, and serves as an IUCN Patron of Nature, a World Economic Forum Friend of Ocean Action, and a member of the United Nations Environment Program’s Scientific Advisory Committee on the Assessment on Marine Litter and Microplastics.

Andrew is Co-Chair of the Australia-China Senior Business Leaders’ Forum, Global Patron of the Centre for Humanitarian Dialogue, and served as a Councillor of the Global Citizen Commission charged by the United Nations in 2016 to modernise the 1948 Universal Declaration of Human Rights.

In 2017, Andrew was appointed an Officer of the Order of Australia (AO) for distinguished service to philanthropy, mining, employment, and sustainable foreign investment. To tackle the world’s environmental and social issues, we need to unlock private sector capital and entrepreneurialism as a force for good.

Nicola Forrest is motivated to better the lives of children and committed to giving a voice to vulnerable communities. She believes in empowering people to empower their worlds.

Since 2001, as Co-Founder and Co-Chair of Minderoo Foundation, Nicola has established and driven programs to create positive change for children, women and the arts. Nicola’s contribution has seen her recognised as an Officer of the Order of Australia (AO), and awarded the University of Canberra Chancellor’s Award for Philanthropy.

Under Nicola’s leadership, and in collaboration with partners in Australia and beyond, Minderoo Foundation has put an emphasis on data and research to identify and devise solutions to some of the world’s most intractable problems. Nicola has also led the selection of world-class scholars and Fellows, to study and reside in Western Australia within the Forrest Research Foundation, a hub for research innovation.

Nicola is Life Patron of the Black Swan State Theatre Company, ensuring the company’s sustainability via the establishment of its inaugural Future Fund. As patron of the Kimberley Foundation Australia, Impact 100 WA and Sculpture by the Sea initiatives, Nicola champions arts, culture and community.

Tony Grist is the principal of Albion Capital Partners, a Perth-based venture capital, investment and consultancy firm that was founded in 1990. Tony was Co-Founder and Chair of Amcom Telecommunications, which in 2015 merged with Vocus Telecommunications Ltd to become an ASX 100 company.

Tony is a former director of iiNet, and a current director of the PLC Foundation and Fremantle Dockers Football Club. He has held broader directorships in Canada, the UK and Australia in the telecommunications, health, mining and energy sectors.

Tony holds a Bachelor of Commerce from The University of Western Australia, is an Associate of the Financial Services Institute of Australasia and a Fellow of the Australian Institute of Company Directors. Tony has been a member of the Minderoo Foundation board since 2014, taking on the role of Lead Independent Director after Herb Elliott retired.

Allan Myers is one of Australia’s most respected barristers, with broad practice as a barrister, arbitrator and mediator. Allan is also a highly regarded philanthropist and has supported many causes for over 45 years. He is Chancellor of The University of Melbourne and a Governor of the Ian Potter Cultural Trust and the Ian Potter Foundation.

For services to the community and the law, Allan was awarded a Centenary Medal in 2003, an Officer of the Order of Australia in 2007 and a Companion of the Order of Australia in 2016.

Grace is Founding Director of Walk Free, an international human rights organisation. A passionate storyteller, she is the youngest ever United Nations Association of Australia Goodwill Ambassador. Grace is on the Centre for Humanitarian Dialogue board and a founding member for the Asia Gender Network.

In 2018, Grace was awarded Nomi Network’s Abolitionist award for her work to end modern slavery. Today she sits on the Board of Directors for The Freedom Fund, a leader in the global movement to end modern slavery. Grace Forrest was named the Young Western Australian of the Year in 2021.

Andrew is the former Chairman and Chief Executive Officer of The Dow Chemical Company and the former Executive Chairman of DowDuPont. He has over 42 years’ global leadership experience with the Dow Chemical Company across manufacturing, engineering, sales, marketing, and general business management.

Andrew is a director of IBM, Saudi Aramco, Worley and NOVONIX Limited and an advisor to the Kingdom of Saudi Arabia. He holds Australian government positions as a member of the Industry Growth Centres Advisory Committee and Co-Chair of the Territory Economic Reconstruction Commission and is the former Chair of the National COVID-19 Coordination Commission’s Manufacturing Taskforce.

Andrew co-founded and chairs The Hellenic to support economic renewal in Greece. He was appointed Officer of the Order of Australia in 2014 for services to international business.

Maria Myers is Chair of the State Library of Victoria Foundation. She is a director of the State Library of Victoria, Dunkeld Pastoral Company and the Kimberley Foundation Australia. Maria is a member of Council at St Mary’s College at The University of Melbourne, The Nature Conservancy’s Advisory Council and a board member of the Museum of Australian Democracy.

A strong supporter and advocate of the Burnet Institute for medical research and the Australian String Quartet, Maria was awarded a Companion of the Order of Australia for advancement of the understanding of Indigenous rock art and service to the community through philanthropic leadership.

Barry is a proud Balladong Nyoongar man, and a descendant of the Whadjuk and Yued people.

A highly regarded entrepreneur and negotiator, Barry has worked as a consultant for local, state, and federal governments. In addition to his role as Chairman of Spear Group Holdings, Barry was recently appointed cultural advisor to the Indigenous Emerging Business Forum, an organisation designed to support Aboriginal-owned businesses in making the most of technology to grow business and opportunities.

Barry is a director of the Spear Foundation, a not-for-profit providing cultural understanding to service organisations within the Aboriginal community of the Perth metropolitan area.

Barry currently serves as a director of the Western Australian Planning Commission and an advisory board member of the Perth International Arts Festival and the Black Swan State Theatre Company of Western Australia. Barry was appointed to the Minderoo Foundation board in June 2022.