NEW YORK - Mercer International Inc. (NASDAQ:MERC), a global forest products company, announced today the resignation of Jimmy Lee from his position as Executive Chairman 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 the lead director, will take on the role of Interim Chairman.
Jimmy Lee's tenure at Mercer spanned over three decades, during which he played a pivotal role in the company's growth. Lee remarked on his departure, expressing gratitude for the support of employees and stakeholders and confidence in the company's continued success. McCartney acknowledged Lee's significant 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 prominent player in the global forest products industry.
Mercer International's operations span across Germany, the USA, and Canada, boasting an impressive annual production capacity that includes 2.3 million tonnes of pulp and a substantial output of lumber, cross-laminated timber, glulam, pallets, and biofuels.
This leadership change 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. The information regarding this executive shift is based on a press release statement from Mercer International Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.