© Reuters.
NEW YORK – Mercer International Inc. (NASDAQ:), a global forest products company, today announced the resignation of Jimmy Lee from his position as CEO and director due to personal health reasons. Lee has been named chairman emeritus and, in response to his departure, the company has updated its governance structure to include an independent chairman. William McCartney, previously chief director, will take over as interim chairman.
Jimmy Lee's tenure at Mercer spanned more than three decades, during which he played a key role in the company's growth. Lee commented on his departure and expressed gratitude for the support of employees and stakeholders and his confidence in the company's continued success. McCartney recognized Lee's important contributions and the honor of working alongside him.
Juan Carlos Bueno, CEO of Mercer, also paid tribute to Lee's leadership and his lasting impact on the company's culture of entrepreneurship and excellence. Lee's vision was crucial in expanding Mercer from a single pulp mill in 1994 to its current status as a major player in the global forest products industry.
Mercer International's operations span Germany, the US and Canada, with an impressive annual production capacity including 2.3 million tonnes of pulp and substantial production of sawn timber, cross-laminated timber, laminated timber, pallets and biofuels.
This change in leadership comes at a time when the company, like others in the industry, faces the challenges of cyclical business patterns, raw material costs and various market risks. Information about this executive change is based on a press release from Mercer International Inc.
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