Mar 18, 2009 08:00
St Peter Port, Guernsey, 18th March, 2009 - The Forest Company Limited ("The Forest Company" or the "Company"), a closed-ended investment company incorporated and registered in Guernsey, announces that Sally-Anne Baron will join Timber Capital Limited, investment manager to The Forest Company, as CFO.
Sally-Anne will have responsibility for The Forest Company NAV calculations, the audits and corporate governance, in addition to oversight of other legal and accounting matters.
Sally-Anne Baron (aged 36), has been a director of the Investment Manager since it was founded in June 2007. Prior to joining the Investment Manager, Ms Baron was a Director of the ORN Capital Management (Bermuda) Limited and Treasurer to the ORN Capital Group of Funds from October 2004. There she was responsible for fund financing, governance and service provider relationships with operational and legal oversight. From 1997 to 2004 Ms Baron worked for Morgan Stanley, firstly with responsibility for cash-equity trade support including P&L and operational risk management and lastly as a Prime Brokerage client service representative responsible for all aspects of a wide range of hedge fund relationships. Ms Baron received a BA (Hons) in Business from Manchester Metropolitan University and a Maitrise in Commerce Exterieur from L'IUP Clermont-Ferrand, France. Ms Baron is also an associate of the Chartered Institute of Management Accountants.
For additional information, please contact:
Sally-Anne Baron, Timber Capital Limited +1 441 295-4737.
About The Forest Company:
The Forest Company was founded in 2007. The business concept of the Company is to use experienced Directors and an Investment Manager, with expertise in the forestry and financial sectors, to build and sustainably manage a diversified portfolio of trees, timberland and other timber related assets. The emphasis will be on investments with high biological growth, directly or in partnership with major wood fiber consuming industrial entities or other suitable partners.
In March 2008 The Forest Company completed its first capital raising amounting of USD 50 million. Management invested USD 10 million and the other shareholders include Ilmarinen, Ahlström, Sampo, Kåpan and Robur.
Initially, the Company is focusing on Brazil and is currently fully committed in two initial investments, with possible follow-on investments.
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