Fortress Appoints Nemeth to its BOD
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Fortress Paper Ltd., Vancouver, B.C., Canada, has appointed Joe Nemeth to its board of directors. Nemeth has more than 25 years of experience in the pulp and paper industry, most recently serving as president and CEO of Canfor Pulp Holding Inc., the general partner of Canfor Pulp Limited Partnership, having previously served as VP, sales and marketing. Prior to joining Canfor, Nemeth worked in the green power business as president and CEO of Greenbelt Renewable Energy. Prior to working at Greenbelt, he spent 14 years working in various positions at Fletcher Challenge Canada (now Catalyst Paper Corp.), with the two most recent positions being VP, sales and marketing and production director of the Elk Falls Paper division.
The company also announces that Pierre Monahan will retire from the board effective December 31. In the interim, he will continue to serve as a member of the compensation, governance, and capital projects steering committees. Nemeth has also been appointed to such committees to facilitate the transition following Monahan''s departure. Nemeth will act as chair of the capital projects steering committee.
Chad Wasilenkoff, CEO of Fortress Paper, noted that "we are very pleased to have someone of Joe Nemeth''s caliber and extensive experience joining our board. I am confident his expertise will provide valuable guidance as we advance our business plans. On behalf of the board, I would also like to acknowledge the significant contribution that Pierre Monahan has made to Fortress Paper over the past two years, and thank him for his leadership as we entered into the specialty cellulose sector."
Fortress Paper operates internationally in three distinct business segments—dissolving pulp, specialty papers, and security paper products. The company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill in Canada, which is also in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility. The company is also seeking to expand its dissolving pulp capacity with the recent acquisition of the Fortress Global Cellulose Mill at Lebel-sur-Quévillon, Qué., Canada, which the company intends to convert into a dissolving pulp mill and where it intends to re-start the cogeneration facility.
The company operates its specialty papers business at the Dresden Mill located in Germany, where it is a leading international producer of specialty non-woven wallpaper base products. Its security paper products business is centered at the Landqart Mill in Switzerland, where it produces banknote, passport, visa, and other brand protection and security papers, and at its Fortress Optical Facility in Canada, where it manufacturers optically variable thin film material.
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