Guy Debelle's latest, curious career move
An obscure micro-cap miner just landed one of the biggest names in finance, as the former RBA deputy governor joined the Fortescue exodus.
The defection of former RBA deputy governor Guy Debelle from the central bank to the green arm of Andrew Forrest's iron ore miner Fortescue Metals last year shocked just about everyone in monetary policy and mining circles.
After all, the heir apparent to Philip Lowe was walking away from one of the most high-profile jobs in Australia. Recognising what a PR victory it was, the company rightfully crowed about the appointment of its new Fortescue Future Industries (FFI) CFO.
“Bringing in someone of Dr Debelle’s economic credibility goes to the heart of our vision for FFI,” chair and founder Andrew Forrest said at the time, touting his experience at Treasury, the IMF and other major institutions.
Less than five months later Deblle had permanently stood down following a bike accident. On Friday he severed his final tie to the $66 billion miner, leaving his director post for a job at critical minerals junior Tivan, which is listed on the ASX and had a market value of $90 million this morning.
