GreenFirst Announces Appointment of New CFO

GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announces the hiring of Mr. Peter Ferrante as its new Chief Financial Officer. Mr. Ferrante will be assuming the role on August 14, 2024, following GreenFirst’s second quarter earnings call.

With over 25 years of finance and business experience, Peter has held a variety of senior roles across both publicly listed and private companies, across diverse industries including manufacturing, leasing and retail, overseeing all facets of accounting, financial management, corporate governance and M&A. Peter is currently the Chief Financial Officer of a Canadian national chain of retail stores.

“We are delighted to have a Chief Financial Officer of Peter’s calibre joining GreenFirst. Peter’s success and experience, in particular his financial expertise and his outstanding leadership qualities, are a great addition to our executive team and will be a key driver of the Company’s future.”, said Joël Fournier, CEO, GreenFirst.
more at: https://greenfirst.ca/2024/07/greenfirst-announces-appointment-of-new-cfo/

Related Posts

Sappi announces results for the second financial quarter of 2023

Financial summary for the quarter *EBITDA excluding special items US$167 million (Q2 FY22 US$337 million) *Net debt of US$1,225 million (Q2 FY22 US$1,793 million) *Profit for the period US$69 million (Q2 FY22 US$188 million) *EPS excluding special items 11 US Cents (Q2 FY22 35 US Cents)

Sylvamo Second Quarter Results Show Increased Earnings and Operating Margins

"We saw increasing earnings and operating margins in the second quarter after a successful first quarter. We are also raising our adjusted EBITDA and free cash flow full-year guidance based on our first half of the year performance and our second half outlook," said Jean-Michel Ribiéras. "We remain committed to reducing debt, investing in high-return projects and returning cash to shareowners as we continue delivering on our investment thesis." Second Quarter Highlights *Net income from continuing operations of $84 million ($1.89 per diluted share) compared with $55 million ($1.25 per diluted share) in the first quarter of 2022 *Repaid $48 million of debt, achieving a gross debt-to-adjusted EBITDA ratio of 2.2x. Second Quarter Commercial and Operational Highlights *Price and mix improved by $73 million versus the prior quarter, mainly due to prior price increases implemented in all regions *Operations improved by $2 million and total planned maintenance outage expenses rose by $17 million in North America *Input costs grew by $16 million versus the prior quarter, reflecting higher chemical, energy, fiber and transportation costs.

Koehler Paper Sets New Production Speed Record with Voith Paper Machine

Designed as one of the most efficient specialty paper machines in the world, Koehler Paper commissioned Voith's production line 8 at its Kehl mill at the end of October 2019 - after a previous project time of only around two and a half years. Thanks to ongoing optimization, the company recently achieved a groundbreaking level of performance for the production of around 40 gsm base paper at a continuous speed of more than 1,400 m/min. Thanks to intensive cooperation, permanent project support and continuous optimization from Koehler and Voith, the line achieved an average speed of 1,410 m/min over a period of 24 hours as well as a maximum value of 1,432 m/min - a world record for the MG paper machine.
Back To Top
×Close search
Search