GreenFirst Announces Appointment of New CFO

TORONTO--(BUSINESS WIRE)--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.

Mr. Ankit Kapoor, GreenFirst’s current Interim CFO, has given notice of resignation from GreenFirst effective August 13, 2024, to pursue new opportunities. The Company and its Board of Directors thank Ankit for stepping into the interim CFO role and also for his significant contribution to the building of GreenFirst. Ankit will cover the second quarter earnings call for the Company.

"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. "We also wish to thank Ankit for his years of service and for his active involvement in the business. We wish Ankit the very best in his future endeavours."

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over 6.1 million hectares of FSC® certified public Ontario forestlands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provides GreenFirst with significant cyclical and secular advantages in building products.

For more information, please visit: www.greenfirst.ca.