© Reuters.
NEW YORK – Mercer International Inc. (NASDAQ:), a world forest merchandise firm, introduced right now the resignation of Jimmy Lee from his place as Executive Chairman and director on account of private well being causes. Lee has been named Chairman Emeritus, and in response to his departure, the corporate has up to date its governance construction to incorporate an unbiased Chairman. William McCartney, beforehand the lead director, will tackle the position of Interim Chairman.
Jimmy Lee’s tenure at Mercer spanned over three a long time, throughout which he performed a pivotal position within the firm’s development. Lee remarked on his departure, expressing gratitude for the assist of workers and stakeholders and confidence within the firm’s continued success. McCartney acknowledged Lee’s important contributions and the distinction of working alongside him.
Juan Carlos Bueno, CEO of Mercer, additionally paid tribute to Lee’s management and his lasting influence on the corporate’s tradition of entrepreneurship and excellence. Lee’s imaginative and prescient was essential in increasing Mercer from a single pulp mill in 1994 to its present standing as a distinguished participant within the world forest merchandise business.
Mercer International’s operations span throughout Germany, the USA, and Canada, boasting a formidable annual manufacturing capability that features 2.3 million tonnes of pulp and a considerable output of lumber, cross-laminated timber, glulam, pallets, and biofuels.
This management change comes at a time when the corporate, like others within the business, faces the challenges of cyclical enterprise patterns, uncooked materials prices, and numerous market dangers. The info relating to this government shift is predicated on a press launch assertion from Mercer International Inc.
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