Neville Power (born 1958) is an Australian corporate director and former company executive. He has a background as a mining engineer and served as CEO of Fortescue Metals Group (FMG) from 2011 to 2018. He is the chair of the National COVID-19 Commission Advisory Board, which was established in March 2020 during the COVID-19 pandemic.
Power worked for Mount Isa Mines for 23 years, eventually becoming head of its gold division and then serving as general manager of its subsidiary Oaky Creek Coal. He later moved to Melbourne to work for Smorgon Steel, spending 12 years with the company. He was appointed chief executive (reinforcing and steel products) in 2001. He later moved to Brisbane to join Thiess, where he "championed an indigenous employment program and rose to become CEO of the Australian operations".[2]
Power succeeded company founder Andrew Forrest as CEO of Fortescue Metals Group (FMG) in July 2011, after a period as chief operating officer. His initial base remuneration was $1.8 million annually.[2] According to The Australian Financial Review, he "steered the company through a near death experience in 2012, when a heavy debt burden pushed it perilously close to the brink, and oversaw a massive operational expansion which cemented its place as the world's fourth-largest iron ore producer".[4] He was strongly opposed to the proposed Minerals Resource Rent Tax.[2]
Power retired from Fortescue in 2018. He has since taken up an appointment as chair of Perth Airport Pty Ltd.[1] In September 2019 he joined the board of Strike Energy, an oil and gas exploration firm, of which he is a major shareholder.[5]
Power holds helicopter and fixed-wing pilot's licences.[2]
On 8 October 2021, Power and his son, Nicholas Power, illegally breached Western Australian border entry laws by flying a helicopter from their family property near Mt Isa to Exmouth, and then to Perth, WA the next day. They pleaded guilty and are due to be sentenced on 23 March 2022. As a consequence, Power has resigned as chair of both Perth Airport and the Royal Flying Doctor Service of Australia. In seeking a non-prison sentence, Power's lawyer said it was an “'out-of-character aberration' and a 'very bad lack of judgment', adding Mr Power was 'dripping with remorse'. It was also stated that Power experienced “cognitive distortions” and was having marital difficulties.[7]
References
^ abc"The new power of Nev Power". Inside Story. 20 May 2020. Retrieved 24 August 2020.
^ abcdefMcCullough, James (25 July 2011). "Power's long climb ends at the top". Courier-Mail. Retrieved 24 August 2020.
^Margolis, Zara (1 May 2020). "Nev Power might be a Mount Isa boy at heart, but he's now the chair of the COVID-19 Coordination Commission". ABC News. Retrieved 24 August 2020.
^Ingram, Tess (15 September 2017). "Fortescue Metals Group chief executive Nev Power to step down in February". The Australian Financial Review. Retrieved 24 August 2020.
^Thompson, Brad (25 September 2019). "Ex-Fortescue boss joins Strike Energy board with pipeline plea". The Australian Financial Review.
^Sprague, Julie-anne (25 March 2020). "Nev Power to lead COVID-19 commission". The Australian Financial Review. Retrieved 24 August 2020.
^"Nev Power's sentence for breaching border rules delayed a month". Australian Financial Review. 24 February 2022. Retrieved 28 February 2022.
April 30, 2023
power, neville, power, born, 1958, australian, corporate, director, former, company, executive, background, mining, engineer, served, fortescue, metals, group, from, 2011, 2018, chair, national, covid, commission, advisory, board, which, established, march, 20. Neville Power born 1958 is an Australian corporate director and former company executive He has a background as a mining engineer and served as CEO of Fortescue Metals Group FMG from 2011 to 2018 He is the chair of the National COVID 19 Commission Advisory Board which was established in March 2020 during the COVID 19 pandemic Nev PowerBornNeville Power1958 age 64 65 EducationDarling Downs Institute of Advanced EducationUniversity of QueenslandOccupationsMining engineerCompany executiveCorporate directorKnown forCEO of Fortescue Metals GroupChair of National COVID 19 Commission Advisory Board Contents 1 Early life 2 Career 2 1 Private sector 2 2 Public sector 3 Personal life 4 ReferencesEarly life EditPower was born in 1958 1 He grew up on Bushy Park a cattle station near Duchess Queensland 2 He was initially home schooled before attending high school in Mount Isa 3 Power left school at the age of 15 and began an apprenticeship as a fitter and turner at Mount Isa Mines MIM He later completed an engineering degree at the Darling Downs Institute of Advanced Education and an MBA at the University of Queensland 2 Career EditPrivate sector Edit Power worked for Mount Isa Mines for 23 years eventually becoming head of its gold division and then serving as general manager of its subsidiary Oaky Creek Coal He later moved to Melbourne to work for Smorgon Steel spending 12 years with the company He was appointed chief executive reinforcing and steel products in 2001 He later moved to Brisbane to join Thiess where he championed an indigenous employment program and rose to become CEO of the Australian operations 2 Power succeeded company founder Andrew Forrest as CEO of Fortescue Metals Group FMG in July 2011 after a period as chief operating officer His initial base remuneration was 1 8 million annually 2 According to The Australian Financial Review he steered the company through a near death experience in 2012 when a heavy debt burden pushed it perilously close to the brink and oversaw a massive operational expansion which cemented its place as the world s fourth largest iron ore producer 4 He was strongly opposed to the proposed Minerals Resource Rent Tax 2 Power retired from Fortescue in 2018 He has since taken up an appointment as chair of Perth Airport Pty Ltd 1 In September 2019 he joined the board of Strike Energy an oil and gas exploration firm of which he is a major shareholder 5 Public sector Edit Power is the chair of the Western Australian Museum 1 In March 2020 Prime Minister Scott Morrison nominated Power to chair the National COVID 19 Commission Advisory Board created in response to the COVID 19 pandemic 6 This board was wound down in late 2021 Personal life EditPower holds helicopter and fixed wing pilot s licences 2 On 8 October 2021 Power and his son Nicholas Power illegally breached Western Australian border entry laws by flying a helicopter from their family property near Mt Isa to Exmouth and then to Perth WA the next day They pleaded guilty and are due to be sentenced on 23 March 2022 As a consequence Power has resigned as chair of both Perth Airport and the Royal Flying Doctor Service of Australia In seeking a non prison sentence Power s lawyer said it was an out of character aberration and a very bad lack of judgment adding Mr Power was dripping with remorse It was also stated that Power experienced cognitive distortions and was having marital difficulties 7 References Edit a b c The new power of Nev Power Inside Story 20 May 2020 Retrieved 24 August 2020 a b c d e f McCullough James 25 July 2011 Power s long climb ends at the top Courier Mail Retrieved 24 August 2020 Margolis Zara 1 May 2020 Nev Power might be a Mount Isa boy at heart but he s now the chair of the COVID 19 Coordination Commission ABC News Retrieved 24 August 2020 Ingram Tess 15 September 2017 Fortescue Metals Group chief executive Nev Power to step down in February The Australian Financial Review Retrieved 24 August 2020 Thompson Brad 25 September 2019 Ex Fortescue boss joins Strike Energy board with pipeline plea The Australian Financial Review Sprague Julie anne 25 March 2020 Nev Power to lead COVID 19 commission The Australian Financial Review Retrieved 24 August 2020 Nev Power s sentence for breaching border rules delayed a month Australian Financial Review 24 February 2022 Retrieved 28 February 2022 Retrieved from https en wikipedia org w index php title Nev Power amp oldid 1150087420, wikipedia, wiki, book, books, library,
