Jul 30, 2008. /Lesprom.com/. Ainsworth Lumber announced that, following the successful completion of its recapitalization transaction, the new Board of Directors of the Company appointed Robert Allen , the CFO of the Company, as the interim CEO of the Company. The Company will be initiating a search for a permanent CEO.
Ainsworth appointed Robert Allen as the interim CEO of the Company
Jul 30, 2008. /Lesprom.com/. Ainsworth Lumber announced that, following the successful completion of its recapitalization transaction, the new Board of Directors of the Company appointed Robert Allen , the CFO of the Company, as the interim CEO of the Company. Mr. Allen has been with the Company for five years. He will also remain as CFO of the Company. The Company will be initiating a search for a permanent CEO.
The Company also announced the following new board committee appointments: Jay Gurandiano as Chairman of the Board Compensation Committee. Robert Chadwick as Corporate Governance Committee. Paul Houston as Compensation Committee - Chairman. Morley Koffman as Audit Committee. John Lacey as Corporate Governance Committee - Chairman.
Mr. Allen stated: "With the Company's new capital structure and enhanced liquidity, the Company is now in a strong position to face the challenges in the OSB industry and to focus on continuing to build on our reputation as one of North America's leading providers of engineered wood products."
