ASX-listed Fortescue has refined its leadership structure, with Dino Otranto assuming an expanded role and Agustin (Gus) Pichot appointed as CEO for growth and energy, effective July 1.

Otranto, currently CEO of metals and operations, will now also take on global responsibility for electrification, decarbonisation and production of hydrogen products.

Pichot will oversee Fortescue’s green energy development and growth projects. He joined the company in 2018 and has held roles including president Latin America and, more recently, head of global growth, where he was tasked with reviewing and streamlining Fortescue’s project portfolio across multiple continents.

Otranto and Pichot will report to Fortescue’s board through executive chairperson and founder Andrew Forrest.

The company also announced the retirement of CEO of energy, Mark Hutchinson, and COO Shelley Robertson. Hutchinson will continue in a transitional advisory role as senior adviser to the board for the next year, while Robertson is stepping down to pursue nonexecutive director opportunities.

“We thank Mark and Shelley for their valuable efforts since joining Fortescue, they have been instrumental in setting this company up for future success,” said Forrest. “The board welcomes Gus to the role of CEO where he will continue to lead and grow our business.”

“Fortescue has a clear and resolute vision to eliminate emissions and decarbonise profitably. In this unstable market where most others are wavering, the world is replete with opportunities. We are seizing on this instability to grow and harness new innovations emerging in green metals, energy and technology," said Pichot.

Otranto added that the new leadership cemented Fortescue's commitment to operate as an aligned team "driving innovation, delivering value, and accelerating our transition to a successful and profitable green future".

Pichot, 50, has a background in business management, marketing, and investment strategy. Prior to Fortescue, he founded Pegsa Group — now one of Latin America’s largest sports and entertainment media production companies — and served on the World Rugby Council for 13 years. He holds a Business and Management degree from Brunel University in London.