At the invitation of the other Board members, John Sergeant, hitherto one of the Company’s non-executive directors, has agreed to act as Managing Director, meaning that it will not be necessary to replace Ms Domaschenz.
All other positions in the Company are unchanged. Victoria Allinson remains as CFO and Company Secretary, while Steven Connell continues as Site Manager, managing the small team based on Kangaroo Island.
Kangaroo Island Plantations Timbers is Australia’s only listed timber company. It manages a wholly-owned portfolio of hardwood and softwood forestry plantations and of cleared and uncleared agricultural land on Kangaroo Island, South Australia.
