Kangaroo Island Plantation Timbers takes board to full strength with two new directors
The appointment of the new non-executive directors James Davis and Mitch Taylor follows the resignation of Graham Holdaway in May 2020 and John Sergeant in May 2021. We welcome the additional capacity the new directors bring to the board at an important time for KIPT in its evolution, says chairman.
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has restored its board to full strength by appointing two new non-executive directors - James Davis and Mitch Taylor - following the resignation of Graham Holdaway and John Sergeant.
KPT believe both appointments bring significant skills to the board and will seek confirmation by shareholders at the company s next general meeting.
Global Forest Partners LP is a US-based investment adviser that specialises in forestry investment management.
New Forests Asset Management Pty Ltd is also a forestry investment manager headquartered in Australia which operates in New Zealand, Singapore and the United States. New Forests manages funds that part-own the second largest pine plantation forest in the Green Triangle region (Penola Plantations). It also manages a fund which owns a sawmill based in the region that processes structural sawlog (Timberlink Tarpeena).
The Green Triangle region is made up of a number of softwood pine plantations spanning approximately 180,000 hectares. It is one of Australia’s major forest regions located across the border area between South Australia and Victoria.