Aurizon names new CFO and Group Executive for strategy

Aurizon (ASX:AZJ) announced the appointment of Ian Wells as its new CFO and Group Executive Strategy, effective April 7.

Wells, a distinguished finance veteran, joins the rail freight giant following a 13-year tenure at Fortescue (ASX:FMG), where he served as Group CFO for five years.

His career also includes executive roles at Jemena, Alinta, and Mayne Group, bringing a wealth of experience in capital management and financial transformation within the resources and infrastructure sectors.

Gareth Long, who has been serving as Acting CFO, will move into the role of Group Executive Enterprise Services.

In this new capacity, Long will oversee critical operational functions, including asset management, procurement, technology, and safety.

Managing Director and CEO Andrew Harding expressed confidence in the appointment, stating that Wells’ expertise in disciplined capital allocation will be vital as Aurizon optimises its portfolio and pursues long-term growth.

Wells recently resigned from his position as lead independent non-executive director at Liontown Resources (ASX:LTR) to accept this executive role, reinforcing his return to a full-time leadership capacity within the Australian industrial landscape.

At the time of reporting, Aurizon's share price was $3.82.