Business
Mercer International Inc. Announces Retirement of Its CEO, David Gandossi, and Appointment of Juan Carlos Bueno as the New CEO
NEW YORK, March 14, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (Nasdaq: MERC) today announced that David Gandossi, who has
About this update from Mercer International Inc.
[{"type":"text","content":"NEW YORK, March 14, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc. (\"Mercer\" or the \"Company\") (Nasdaq: MERC) today announced that David Gandossi, who has served as CEO and President since 2015, has announced, as part of turning 65 years old this year, his decision to retire from the Company. The Board of Directors has appointed Juan Carlos Bueno to succeed Mr. Gandossi as Chief Executive Officer and President effective May 1, 2022. He will also be nominated for election to the Company's Board of Directors at the upcoming 2022 annual general meeting of shareholders. Mr. Gandossi will step down from his current executive duties after more than seven years as CEO and President concurrently with Mr. Bueno's appointment. He will continue with the Company as an advisor until August 31, 2022 and assist Mr. Bueno and Mercer to facilitate a smooth transition. Jimmy Lee, Executive Chairman, said, \"On behalf of the full Board, I would like to thank David for his many years of tireless service to Mercer both as CEO and previously as CFO. He has been an integral part of Mercer and its growth and success. David has been a leader in establishing our corporate culture or the \"Mercer Way\" and operating world class bio-manufacturing facilities. His leadership and dedication have well positioned the Company to be successful moving forward. As David approached his normal retirement date, he assisted the Board in conducting a focused and thorough search to find the right successor. We sincerely appreciate David's dedication and his continued support through the transition process and wish him all the best going forward.\" Mr. Lee further stated: \"The Board of Directors conducted a well-defined global search for a CEO candidate with the expertise and ability to lead Mercer in the future. With his broad commercial, operational and entrepreneurial skills and leadership qualities, Juan Carlos has a proven record of driving strategic growth and operational excellence. Given his many strengths, we believe Juan Carlos is the ideal CEO to lead Mercer into its next chapter of growth and success.\" Mr. Gandossi stated, \"As a leading global forest products company, Mercer is well-positioned to leverage its world class operations and strategic position to enhance value for all of its stakeholders. I have served over seven years as CEO and over 18 ...