Canfor makes executive moves
Canfor Corporation, the Vancouver, British Columbia-based lumber and pulp products producer announced that it has appointed Pat Elliot as the company’s new chief financial officer.
Elliot will also retain his responsibilities as senior vice president, Sustainability.
Additionally, Alan Nicholl has been appointed to the role of executive vice president of bio-based solutions and pulp operations.
Also, Arbios Biotech (Arbios), a joint venture between Canfor and Licella Holdings Ltd. that is focused on converting biomass to low carbon biofuel, has appointed Nicholl to the role of president and CEO.
“Canfor is committed to our sustainability journey and advancing our investment and resources in bio-innovation is core to our strategy,” said Don Kayne, Canfor president and CEO. “In Alan’s new role he will build a bio-innovation team that will unlock the full value of each log by diversifying our business into bio-based solutions as low carbon, renewable products become increasingly valued.”
Kayne also said that Elliot’s corporate finance leadership experience with Canfor has positioned him to take on the role of CFO.
“Pat will continue to maintain the financial discipline for which Canfor is known and respected,” Kayne noted. “Pat has been an executive on Canfor’s Finance team since 2011, after joining the company in 2001.”
Elliot most recently served as senior vice president, corporate finance & sustainability.
Nicholl joined Canfor in 2008, most recently serving as the CFO of Canfor and Canfor Pulp and executive vice president finance and Canfor Pulp Products Inc. He has held various senior financial positions within the Canadian forestry industry.
Canfor is a leading integrated forest products company with interests in British Columbia, Alberta, North and South Carolina, Alabama, Georgia, Mississippi, Arkansas, and Louisiana, as well as in Sweden with 70% interest in Vida Group.
Canfor produces primarily softwood lumber and also owns a 54.8% interest in Canfor Pulp Products Inc.