New forestry chief One

FortyOne announces new CEO appointment

The Board of Directors and Shareholders of OneFortyOne are pleased to aAnnounce the appointment of Wendy Norris as chief executive officer of the Company effective from mid-June 2023.

OneFortyOne chairman John Gilleland said Wendy was chosen after an extensive selection process.

“Wendy is an outstanding choice, and she brings with her a deep understanding of OneFortyOne and the forest and timber processing sectors,” he said. Ms Norris was part of the Future Fund team that established OneFortyOne, investing in Australian and New Zealand forest estates as well as timber manufacturing businesses in Mount Gambier and Marlborough, New Zealand. Wendy has also served on the board of OneFortyOne.

She has extensive and deep investment experience. At the Future Fund, Ms Norris has been responsible for more than $60 billion of direct investments that include forest/timberlands, private equity, and infrastructure, including airports and ports.

She has also focused on change and innovation, which covered the entire $250 billion Future Fund portfolio.

With this expansion, she focused on strategic evolution, preparedness for external environment conditions, talent development, and driving the data and technology needs of the business.

“Wendy has a proven record and extensive background ranging from water resources in her early career, to banking, investments and investment management,” Mr Gilleland said.

“Her experience in forestland and infrastructure investments places her in a unique position within our industry.

“Her experience with stakeholders, including shareholders, boards, government and finance across ours and many sectors is key for the evolving business environment we are in. “Importantly, Wendy’s relationships will serve all stakeholders well in assuring OneFortyOne continues as a trusted partner.

“Wendy is a leader with a personal approach to those she works with. We are confident in Wendy and the entire Leadership Team in making OneFortyOne even more successful in the years to come.

“As Wendy steps in, the board recognises the outstanding work by Interim CEO Peter Brydon on his leadership and working with the OneFortyOne Lead Team in moving the business forward.”