SYDNEY, AAP – Fortescue Metals Group CEO Elizabeth Gaines is leaving her post as the company transitions from an iron ore and metals explorer play to a green energy and resources group.

But she will remain on the board as a non-executive director, FMG said in a statement to the Australian Securities Exchange on Friday.

“Elizabeth has, with the full support of the board of directors, chosen to assist the selection of a new CEO to lead the development of the diversified renewables and resources group, and will transition from the CEO role,” it said.