Kwasi Kwarteng set to take advisory role with Australian mining giant Fortescue from October
Former chancellor Kwasi Kwarteng (pictured)is set to take up an advisory role with Fortescue
Kwasi Kwarteng is set to take an advisory role with Australian mining giant Fortescue from October.
The former chancellor (pictured), who lasted 28 days in the job, will provide advice to the company’s burgeoning clean energy division.
Fortescue’s billionaire chairman Andrew ‘Twiggy’ Forrest is ploughing money into green technology such as hydrogen.
Kwarteng asked permission from the advisory committee on business appointments about whether he could take a part-time position with the group.
The committee said he could start in October, 12 months after he was removed as chancellor, with certain conditions, such as not being allowed to lobby the UK Government in the role.
Fortescue has been going through a tumultuous period that has seen most of its executive team leave or shift roles since 2021.
On Monday, chief executive Fiona Hick left after just six months in the role.