TORONTO, Nov. 14, 2013 /CNW/ - Norbord Inc.'s (TSX: NBD, NBD.WT)
President and Chief Executive Officer (CEO), Barrie Shineton, today
announced his intention to retire at the end of January 2014. Mr.
Shineton, who has served as President and CEO since 2004, will be
appointed Vice Chair of the Board. In line with Norbord's succession
plan, the Board of Directors has appointed Peter Wijnbergen, currently
Senior Vice President and Chief Operating Officer (COO), to become
President and CEO effective January 1, 2014.
Norbord Chair, Bob Harding said, "The Board would like to thank Barrie
for his contributions over the past 10 years as CEO. He has served the
business and its shareholders very well during this time, successfully
leading Norbord through the most difficult period in the Company's
Mr. Harding continued, "The Board of Directors is pleased to announce
the appointment of Peter Wijnbergen as our new President and CEO.
Since being appointed COO in 2010, Peter has demonstrated his ability
to lead the operations and has a deep understanding of the business
from his long tenure with Norbord."
Retiring CEO, Barrie Shineton said, "The last 10 years, while
challenging at times, have been the most satisfying years of my career
and I am pleased to be leaving the Company in such a strong position
today. I have the utmost confidence in Peter's ability to lead Norbord
given his decades of experience in the OSB industry and with the
Company. And I look forward to continuing to support Norbord in my new
role as Vice Chair of the Board."
Mr. Wijnbergen was appointed COO on September 1, 2010. During his 26
years with Norbord, Mr. Wijnbergen has held senior leadership positions
in operations, strategic planning and sales, marketing and logistics.
He holds a Bachelor of Arts degree in Economics from the University of
Norbord Inc. is an international producer of wood-based panels with
assets of $1 billion, employing approximately 1,900 people at 13 plant
locations in the United States, Europe and Canada. Norbord is one of
the world's largest producers of oriented strand board (OSB). In
addition to OSB, Norbord manufactures particleboard, medium density
fibreboard (MDF) and related value-added products. Norbord is a
publicly traded company listed on the Toronto Stock Exchange under the
symbols NBD and NBD.WT.
SOURCE: Norbord Inc.
For further information:
Manager, Corporate Affairs
Tel: (416) 365-0705