Former Australian PM Malcolm Turnbull joins Fortescue's renewables-focused unit

Two former Australian government officials, including former Prime Minister Malcolm Turnbull, joined iron ore miner Fortescue Metals Group Ltd.

The company announced in a Feb. 23 release that Turnbull will be the chairman of its renewables-focused subsidiary, Australian Fortescue Future Industries. He was Australia's 29th prime minister from 2015 to 2018.

Former diplomat and intelligence official Nick Warner was named special adviser for international affairs for Fortescue Future Industries.

Warner had previously served as director-general of the Office of National Intelligence, director-general of the Australian Secret Intelligence Service and Defense Department secretary.

Fortescue established Fortescue Future Industries, a group of 17 wholly owned subsidiaries including Australian Fortescue Future Industries, in November 2020 in line with its goal to ramp up the supply of green hydrogen and green ammonia to provide low-cost energy.