Australian Business leader - Andrew Forrest, the founder and Chairman of Fortescue Metals Group
Added on 2023-06-15
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Australian Business leader - Andrew Forrest, the founder and Chairman of Fortescue Metals
Group
Q1.Field of business:
● Andrew Forrest was born on July 5, 1961, in Perth, Western Australia.
● He attended Hale School and graduated with a Bachelor of Economics from the
University of Western Australia.
● Forrest is the founder and former CEO (and current non-executive chairman) of Fortescue
Metals Group (FMG), a global leader in the iron ore industry.
● Founded Fortescue Metals Group in 2003, which is now one of the largest iron ore
producers in the world.
● Motivated by the belief that Australia could become a major iron ore exporter and the
desire to build a company that would make a positive impact on the world.
● FMG has benefited society by creating jobs and contributing to the economy through
taxes and royalties paid to the government. The company also invests in local
communities and sustainable development initiatives.
● Best known for his philanthropic efforts, including donating the majority of his wealth to
various causes and establishing the Walk Free Foundation to end modern slavery.
Q2.Sources of power and empowerment:
● Andrew Forrest has both position power as the founder and chairman of Fortescue
Metals Group and personal power as a respected business leader and philanthropist.
● He aims to empower others through his philanthropic efforts, including the establishment
of the Walk Free Foundation to end modern slavery and the Minderoo Foundation to
support various causes.
● The company started the Billion Opportunities program as an initiative to promote
sustainable business opportunities for Aboriginal people.
● He and his wife, Nicola, thus established the Australian Children's Trust in 2001, he also
established the GenerationOne project, Australian Employment Covenant, Forrest
Research Foundation, also established the Global Freedom Network.
● In January 2014, Andrew Forrest joined hands with Pakistan to end slavery in exchange
for converting tons of coal into energy.
● In 2018, Andrew received the Ernst & Young Entrepreneur of the Year Alumni Social
Impact Award, He has won an Australian Sports Medal and an Australian Centenary
Medal. He was also named the Citizen of the Year for Regional Development.
Q3.Influence Tactics on society:
● Inspirational appeals: Forrest has used his personal story and his commitment to social
causes to inspire others to follow his lead.
● Consultation: Forrest has sought input and feedback from stakeholders, including
Indigenous communities, to inform his decision-making.
● Collaboration: Forrest has worked with other mining companies and industry groups to
promote sustainable mining practices and address environmental challenges.
Q4.People-oriented or task-oriented:
Group
Q1.Field of business:
● Andrew Forrest was born on July 5, 1961, in Perth, Western Australia.
● He attended Hale School and graduated with a Bachelor of Economics from the
University of Western Australia.
● Forrest is the founder and former CEO (and current non-executive chairman) of Fortescue
Metals Group (FMG), a global leader in the iron ore industry.
● Founded Fortescue Metals Group in 2003, which is now one of the largest iron ore
producers in the world.
● Motivated by the belief that Australia could become a major iron ore exporter and the
desire to build a company that would make a positive impact on the world.
● FMG has benefited society by creating jobs and contributing to the economy through
taxes and royalties paid to the government. The company also invests in local
communities and sustainable development initiatives.
● Best known for his philanthropic efforts, including donating the majority of his wealth to
various causes and establishing the Walk Free Foundation to end modern slavery.
Q2.Sources of power and empowerment:
● Andrew Forrest has both position power as the founder and chairman of Fortescue
Metals Group and personal power as a respected business leader and philanthropist.
● He aims to empower others through his philanthropic efforts, including the establishment
of the Walk Free Foundation to end modern slavery and the Minderoo Foundation to
support various causes.
● The company started the Billion Opportunities program as an initiative to promote
sustainable business opportunities for Aboriginal people.
● He and his wife, Nicola, thus established the Australian Children's Trust in 2001, he also
established the GenerationOne project, Australian Employment Covenant, Forrest
Research Foundation, also established the Global Freedom Network.
● In January 2014, Andrew Forrest joined hands with Pakistan to end slavery in exchange
for converting tons of coal into energy.
● In 2018, Andrew received the Ernst & Young Entrepreneur of the Year Alumni Social
Impact Award, He has won an Australian Sports Medal and an Australian Centenary
Medal. He was also named the Citizen of the Year for Regional Development.
Q3.Influence Tactics on society:
● Inspirational appeals: Forrest has used his personal story and his commitment to social
causes to inspire others to follow his lead.
● Consultation: Forrest has sought input and feedback from stakeholders, including
Indigenous communities, to inform his decision-making.
● Collaboration: Forrest has worked with other mining companies and industry groups to
promote sustainable mining practices and address environmental challenges.
Q4.People-oriented or task-oriented:
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