• Episode #30: Mark Hutchinson, CEO of Fortescue Future Industries (FFI); the energy transition; leadership; and what he learnt from Jack Welch

  • Dec 20 2023
  • Length: 51 mins
  • Podcast

Episode #30: Mark Hutchinson, CEO of Fortescue Future Industries (FFI); the energy transition; leadership; and what he learnt from Jack Welch

  • Summary

  • Understanding who Mark Hutchinson is, goes a long way towards making an assessment on whether FFI will be successful in achieving its ambitious plans. Its plans of course are to become a green energy leader in transitioning away from fossil fuels, by first leading by example and operating its sites on a real zero carbon basis by 2030. Mark explains that while its goals may be good for the planet it is also most definitely good business (saving a billion litres of diesel each year for a start!). Be first mover and reap the rewards. We learn about what drives Mark and his views on what good (and bad) leadership looks like. Once we get a feel for this, it becomes clear why he took on one of Australia’s most challenging and potentially rewarding roles – CEO of FFI. Providing rare insight into the inner workings of FFI, Investment Director Nathan Parkin makes his long-awaited return behind the gold and green microphone to draw out the very best from Mark. Disclosure: The Fund has a position in Fortescue (ASX:FMG).  

     

    1 min 58 secs Who is Mark Hutchinson?

    3.30 Mark – 24 years at GE and the GE culture and leadership including Jack Welsh stories and leadership thoughts

    7.35 GE learnings and how that is relevant to FFI

    8.20 Mark on what you learn from bad leaders

    10.35 FFI and working with anybody

    12.15 Taking your opportunities and taking risks

    13.00 Motivation for taking the top job at FFI

    16.01 How to adapt to a new culture – making the move to China and taking a leadership role there

    21.05 Matching personal values to the role at FFI

    25.10 Get the ethics wrong…and what’s the point?

    26.27 Not-for-profit involvement and what it teaches you

    32.20 What does success look like in 2030?

    33.40 Final Investment Decision (FID) on green projects within FFI… the process

    37.50 The main risks

    43.20 “Humble” leadership is critical

    46.40 Advice to your 21 year old self… “don’t worry!”

    See omnystudio.com/listener for privacy information.

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