Melbourne — Nev Power’s successor as Fortescue Metals Group’s top executive will be charged with leading the world’s fourth-largest iron ore exporter’s drive into new businesses. "We are going to look for and consider other opportunities, where other investors can join us," chairperson and founder Andrew Forrest told reporters on Friday on a conference call after announcing Power will step down on February 16. "I don’t see ourselves as only a mining company, I see ourselves as a great management and operating company." Fortescue’s shares tumbled 4.5% on Friday on the news of Power’s planned departure after almost seven years in the job. Candidates for his post likely include chief financial officer, Elizabeth Gaines, and director of operations, Greg Lilleyman, a former Rio Tinto Group executive, according to Peter O’Connor, an analyst with Shaw and Partners. "Lilleyman would be the favourite, and Gaines is the wildcard." Lilleyman has relevant prior experience in iron ore, Citigroup...
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