Fortress Paper Ltd. has entered into an agreement with Mr. Chadwick Wasilenkoff for his continued role as Executive Chairman of the Company on a full-time basis. The agreement will commence on January 1, 2017 for a term of four years, as the company says in the press release received by Lesprom Network.
Over the past 12 months, the Company has achieved improved financial results and a strengthened balance sheet which provide for greater flexibility to pursue new business opportunities. The Company has also identified certain value creating initiatives which could be realized by leveraging the Company's core strengths. The Company believes that Mr. Wasilenkoff's more robust role will provide a catalyst to achieving the Company's renewed strategic direction which will focus on growth and expansion.
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products.
