TORONTO, March 31,
2022 /CNW/ - GreenFirst Forest Products Inc. (TSX:
GFP) ("GreenFirst" or the "Company") today announced that
Michael Liggett, Chief Financial
Officer will be transitioning to an on-going consultative role.
Mr. Alfred Colas will start as
Chief Financial Officer of GreenFirst effective April 4, 2022.
The Company and its Board of Directors would like to thank Mr.
Liggett for his significant contribution with the Rayonier Advanced
Materials Asset Acquisition and his participation in building
GreenFirst. The Company commends his commitment in continuing to
work with us.
Mr. Liggett noted, "It has been my great privilege to serve as
CFO at GreenFirst. I am proud of GreenFirst's growth and financial
performance over the past year. The organization is well positioned
for long-term success and with the great team of people at
GreenFirst I am optimistic about the Company's future."
Mr. Colas is a seasoned finance business executive with
extensive experience with publicly listed companies in commodity
industries including corporate governance, finance management and
M&A integrations. Mr. Colas was most recently CFO of
Excellon Resources Inc. (TSX/NYSE-listed), a silver producer and
explorer with Mexican operations. Prior to 2020, Mr. Colas
spent five years as CFO of two private-equity ventures including
Potentia, a roof-top solar power producer and Arch Corporation, an
asset manager with real estate investments. From 1997 through
2010 Mr. Colas held progressively senior positions with
Barrick Gold (TSX and NYSE-listed)
including as an expatriate turning around a large gold operation in
Argentina from 2007-2010, followed
by executive roles with two smaller TSX-listed mining companies
from 2011-2015. Mr. Colas obtained a BComm from the
University of Toronto and holds a CPA
and CA, having begun his career as an auditor with PwC.
"We wish to thank Michael Liggett
for his active involvement in the business. We respect his decision
to stay in B.C. for family matters and appreciate that he will
continue to work with us," said Rick Doman CEO, GreenFirst. "We are
pleased to have Alfred Colas join
GreenFirst as our CFO. Alfred's success and experience as a public
company CFO, his financial expertise and his outstanding leadership
qualities are a great addition to our executive team."
About GreenFirst
GreenFirst Forest Products is a
forest-first business, focused on sustainable forest management and
lumber production. The Company owns 7 sawmills and 1 paper mill
across Ontario and Quebec. GreenFirst is a significant
lumber producer in Canada having
an annual lumber production capacity of 905MMfbm, with a goal to
increase. GreenFirst's mills are located in rich wood baskets
proudly operating over 9.2 million hectares of FSCĀ® certified
public and private Canadian forestlands (FSCĀ®-C167905). The Company
believes that responsible forest practices, coupled with the
long-term green advantage of lumber, provide GreenFirst with
significant cyclical and secular advantages in building products.
GreenFirst's long-term vision is to be a leader in the global
forestry industry.
SOURCE GreenFirst Forest Products Inc.