Another executive shown the door at Western Forest Products
Jun 30, 2009 | In Mill Closures & Layoffs | Send feedback »
My favourite Forestry journalist, Gordon Hamilton, has been looking into the tightening grip majority shareholder Brookfield Asset Management is exerting on the coastal forest company.
Yesterday, Western Forest Products announced Monday that chief operating officer Duncan Kerr is history. This seems to be an on-going occurrence. All three top executive positions Brookfield engineered in 2005 when it dumped Doman scion Rick Doman from the CEO spot are now gone.
First it was Doman's replacement as CEO, Reynold Hert, who was fired in January. Then Murray Johnston, who had been chief financial officer for less than two years, was dismissed in March. Now Duncan Kerr.
Kerr had some strong disagreements with Brookfield, which controls the company over operational decisions. What those disagreements were remains unknown. Maybe one day Brookfield or a former executive will talk. In the meantime, the company that was formed from the once-mighty forestry empires of both Macmillan Bloedel and B.C. Forest Products is virtually shut down.
Read Gordon Hamilton's latest blog post:
Brookfield dumps another executive at troubled Western Forest Products (Out on a Limb)
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