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Federal Labor’s budget has sought to unpick one of the fundamental structures used by the wealthy across the nation – family trusts.
Fortescue alumni take Strike as Poynton, Stokes exit
Strike Energy chair John Poynton and chief executive Peter Stokes will leave the company, with both to be replaced by former Fortescue leaders.
Mr Stokes, who has served as CEO for 11 months, will leave effective immediately, and will be replaced by Fortescue alumni Shelley Robertson at the helm of the gas producer.
Ms Robertson was chief operating officer at Fortescue through 2024 and 2025.
She will be paid $680,000 as a base salary, with incentives tied to share price performance on offer should Strike meet certain milestones.
Head of data Elisha Newell delves into the growth of mining’s value over the past decade.
