Jemi Fibre (JFI-V) appoints Ainsworth as CEO, president, director
Sept 11, 2013 - News Release
Jemi Fibre Corp. has appointed Michael Ainsworth as chief executive officer and president of the company. Mr. Ainsworth replaces Mike Jenks, who will continue as chairman and with the same extensive operational role with the company. Mr. Ainsworth has also been appointed to the board of directors of the company. Mr. Ainsworth has more than 25 years of operational-, management- and executive-level experience within the forest products industry, having played an extensive senior executive management role at Ainsworth Lumber, with responsibilities over managing large greenfield construction projects, timberlands, marketing, transportation, business development, finance and human resources. Mr. Ainsworth was instrumental in building the team that successfully transitioned Ainsworth Lumber from a privately owned enterprise to a publicly traded company, which raised hundreds of millions of dollars in capital and had revenues in excess of $1.2-billion.
Mr. Jenks, chairman of Jemi, commented: "I am pleased to welcome Michael to his new position of CEO and president of Jemi. Michael brings not only tremendous personal experience in the British Columbia- and North American-wide forestry business, but also a rich and long family tradition in this industry. Michael provides Jemi with the operational and mill management experience to successfully execute its growth strategy."
The company is also pleased to announce that it has engaged Salman Partners as agent to undertake a brokered private placement to raise up to $6.5-million in capital.
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