Kangaroo Island Plantation Timbers Ltd

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Market Cap:
$50.82 m
0.90 AUD
52 weeks high
52 weeks low

Kangaroo Island Plantation Timbers is Australia’s only listed timberland company. It manages a wholly-owned portfolio of hardwood and softwood forestry plantations, growing on former agricultural land on Kangaroo Island, South Australia.

What we own

Plantation forestry on Kangaroo Island

Kangaroo Island Plantation Timbers owns  86 per cent of the plantation forestry on Kangaroo Island. Its portfolio is about 80 per cent hardwood (bluegum) and 20 per cent softwood (pine). The remaining plantations are owned by 12 private growers, with whom KIPT is consulting regarding harvesting and use of wharf facilities.

Smith Bay Wharf site

The site of the proposed export facility is on Kangaroo Island’s sheltered North Coast. It has deep water for berthing large ships and relatively flat land suitable for stockpiling timber products. It is also a partially degraded site, having been a former land-based abalone farm, and does not provide habitat for any critically endangered species. Smith Bay is close to plantation resources compared to many other proposed sites.

(click here for more information)

Timber Creek Sawmill

The mill is in care and maintenance mode and unlikely to be activated for milling. A private contractor uses the treatment plan to create fence posts and produce crates, sold on Kangaroo Island.


Last updated 2nd April 2020

Paul McKenzie
Non-Executive Chair
BSc(Agric), BCom, FAICD, AIAST

Board member since April 2005, appointed Chair July 2009. Paul is the Managing Partner of Agrarian Management Consultants to Agriculture, a leading Western Australian agriculture consultancy with offices in Geraldton, Perth and Katanning.  Paul has 20 years’ experience in agribusiness, management, finance and primary production.  He is a past President of the Australian Association of Agricultural Consultants (WA) Inc and a Ministerial Appointee to various agribusiness review and advisory panels.  Paul was the founding Chairman of Gage Roads Brewing Co from concept to private company to ASX listing in December 2006, and resigned in May 2008.  In June 2008, Paul was appointed director of Rural Financial Counselling Service (WA) (“RFCS”).  RFCS administrates a federal government funded program in WA under the Department of Agriculture, Fisheries and Forestry.

Paul is Ferrier Hodgson’s WA Agribusiness Specialist for advisory, reconstruction and recovery appointments.

Keith Lamb
Managing Director
MForestry MBA

Keith Lamb was appointed to the Board of Kangaroo Island Plantation Timbers in October 2018 and appointed Managing Director in June 2019.

Mr Lamb holds masters-level qualifications in Forestry and in Business Administration. He was Director of Operations and Portfolio Manager for New Forests Asset Management Pty Ltd from 2005 until 2017, with responsibility for $2.5 billion in timberland and related agricultural and industrial assets.

He has also served as a director of several forestry companies and trusts within and outside the New Forests group. His early career included both government and non-government forestry roles.

John Sergeant
Executive Director

Board member since March 2013, Managing Director from  January 2015 until May 2019. Mr Sergeant holds a BSc in Biological Sciences and a BA in Psychology from the University of Sydney, where he was, for a number of years, a lecturer in the Business School, teaching at the postgraduate level.

Sydney-based, Mr Sergeant nevertheless spends a substantial amount of his time in South Australia and is familiar with all of the Company’s land and timber assets. He is committed to working with the community and other stakeholders and with local and state government to help deliver a deep water export facility on Kangaroo Island, fairly priced and accessible to all, and to establish plantation timber as a significant employer and source of economic activity.

Prior to joining the Company, he has managed a number of successful consultancy businesses, served on the boards of Australian and multinational professional services firms and, for four years, was the President of the Australian Market and Social Research Society, of which he is a fellow. From 2003 to 2014, Mr Sergeant was the Vice Principal of St Andrew’s College, within the University of Sydney.

He is currently a member of the boards of a number of private companies.

Greg Boulton
Independent Non-Executive Director
AM, BA(Accounting), FCA, FCPA, FAICD

Greg is a leading Adelaide Company Director with 25 years’ experience in both public and private companies. He is the Chair of Southern Gold Ltd (ASX:SAU) and Chair of SA Pine Pty Ltd. He is also a Director of the Cancer Council of South Australia and the Chair of SuperSA.

His experience relevant to KIPT’s operations includes Governance, Logistics, Timber, Resources and Finance.

Greg was awarded an AM – Member in the General Division of the Order of Australia – for his services to AFL Football administration, to the Community of South Australia and to Business.

Shauna Black
Executive Director
Dip PrjMngt

Ms Black was appointed a non-executive director to the Board of Kangaroo Island Plantation Timbers in March 2015. She has been a well-known and respected resident of Kangaroo Island for 14 years and has a 30-year career in media.  For almost eight years, she was the Managing Editor of the Island’s newspaper, The Islander, having moved from Adelaide after a 15-year stint at The Advertiser, including as its first personal finance editor and superannuation writer. She has a Diploma of Project Management.

Ms Black is a board member of Media Super (also Chair of its Investment Committee) and is active in a number of local associations on Kangaroo Island. She is the proprietor of Black Stump Media, specializing in media and project management services. Ms Black is also the Executive Officer of the Kangaroo Island Business and Brand Alliance

From May 2017, Ms Black has also worked in a part-time executive capacity, as the Director of Community Engagement for KIPT.

Graham Holdaway
Executive Director

Mr Holdaway was appointed a non-executive director of Kangaroo Island Plantation Timbers in March, 2015. He is an experienced non-executive director, having served on boards of natural resources companies with operations in Australia, Indonesia, Papua New Guinea and the United Kingdom. He is a Chartered Accountant and a former partner of KPMG, with a particular interest in the development of resources-related infrastructure.

Graham is from a farming background and is a tree-grower in his own right, with eucalypt and radiata pine plantations in Victoria and on Kangaroo Island, South Australia. Graham is based in regional Victoria.

He is currently a non-executive director of one other public company: Asset Resolution Ltd.

From May 2017, Mr Holdaway has worked in an executive capacity, as the Director of Operations for KIPT.

Last updated 2nd April 2020

Kangaroo Island Plantation Timbers Ltd

Suite 805
Aurora House
147 Pirie Street
Adelaide, SA 5000

Phone: +61 08 8227 2482

Kangaroo Island Office

70 Dauncey Street
Kingscote, SA 5223

Post: PO Box 712, Kingscote 5223

Phone: +61 4 0909 6846

ABN 19 091 247 166