Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has restored its board to full strength by appointing two new non-executive directors - James Davis and Mitch Taylor - following the resignation of Graham Holdaway and John Sergeant.
KPT believe both appointments bring significant skills to the board and will seek confirmation by shareholders at the company's next general meeting.
“Important time” in KPT evolution
Kangaroo Island chairman Paul McKenzie said: “We are pleased to welcome the additional capacity the new directors bring to the board at an important time for KIPT in its evolution following the wildfires of January 2020.
“We particularly note the continued support of our major shareholder Samuel Terry Asset Management with its appointment of Mitch Taylor to the board.”
Investment management experience
Davis has more than 35 years of experience in investment management across timberland, economic infrastructure, real estate, private equity and special situations.
Most recently he was head of Funds Management at New Forests Asset Management and prior to that he held director roles at Hastings Funds Management Limited and Royal Bank of Scotland’s Strategic Investments Group.
He has served on numerous investment committees and boards including as chairman of both Timberlink Australia and Tasmanian-based plantation owner Forico.
He is chairman of ASX-listed property investor Eildon Capital Ltd (ASX:EDC) and a non-executive director of ASX-listed New Energy Solar Ltd (ASX:NEW) and is also a member of the Advisory Board for AGR Partners, a US-based private equity firm focused on agribusiness.
Commercial fund management experience
Taylor is a portfolio manager at Samuel Terry Asset Management Pty Ltd, which manages the Samuel Terry Absolute Return Active Fund, the largest shareholder of KIPT.
He has more than 10 years of commercial experience in funds management and experience in a variety of commercial transactions and corporate situations across a range of industries.
He holds a Bachelor of Commerce from the University of Sydney, a Master of Applied Finance from Macquarie University, and is a Graduate of the Australian Institute of Company Directors.