Pope & Talbot Announces Leadership Changes
14 April 2007 - 8:13AM
Business Wire
Pope & Talbot, Inc. (NYSE:POP) today announced the selection of
Harold Stanton, 56, a member of the board and veteran wood products
executive, as President and CEO. Lionel Dodd, previously Presiding
Director of the board, was elected non-executive Chairman. He and
Dodd assume their responsibilities immediately. Outgoing President,
CEO, Chairman and Director, Michael Flannery will assist with the
transition in an advisory capacity until June 30th. Stanton has
relocated to Portland. �The board is delighted to have someone with
Harold Stanton�s energy, vision and experience lead Pope &
Talbot at this important point in our history,� said Mr. Dodd.
�Harold has excelled in every aspect of the business, from
manufacturing to distribution to sales and marketing. His unique
combination of operational and team building skills, demonstrated
strategic and restructuring capabilities, as well as his public
company experience, made him a perfect choice.� �The board thanks
Mike for his contributions and service, and wishes him the very
best in his retirement,� said Mr. Dodd. Flannery joined Pope &
Talbot in 1986 as Vice President and General Manager of the Wood
Products Division. He assumed the post of President and CEO in
1999. Prior to joining the Pope & Talbot Board on December 8,
2006, Stanton served as Executive Vice President, Specialty
Products and Sales for Nashville, Tennessee-based Louisiana Pacific
Corporation. During his near-decade tenure at LP, Stanton led some
of the company�s most valuable and strategic businesses and was a
key player in the reinvestment program that positioned LP for
record profits in 2003 through 2005. At LP, Stanton�s businesses
were solid financial performers and amassed strong safety,
environmental and quality records. Also included in his more than
30 year career in the wood products industry were several key
positions in International Paper Company�s decorative products
division. Stanton also serves on the board of Martco, a private
wood products company and holds a bachelor of sciences in business
administration from New York Institute of Technology. Incoming
Chairman Lionel Dodd joined the board in 1999 following Pope &
Talbot�s acquisition of Harmac Pacific Inc. where he had been a
director since 1998. He was appointed Presiding Director in 2006
and currently chairs the corporate governance committee and serves
on the audit committee. He has occupied executive positions � Chief
Executive Officer, Chief Operating Officer and Chief Financial
Officer � as well as directorships for a number of publicly traded
and private companies in Canada and the United States. Dodd earned
a MBA from the University of California at Berkeley. �Pope &
Talbot is one of the oldest and most resilient companies in this
industry and I am very proud to have the opportunity to lead it,�
said Stanton. �We have great assets and a talented workforce, but
we are in a very difficult time for this industry as wood prices
continue to decline and raw material costs for pulp increase.� �My
management team and I will have no greater priority than to
reposition our company to sustain this downturn while we develop
and execute a strategic plan. Our initial focus � which we intend
to pursue with the help of every Pope & Talbot employee � will
be to work toward operational excellence while we generate the cash
necessary to meet our financial obligations. In doing this, we will
scrutinize every asset and every aspect of this business,� said
Stanton. Pope & Talbot is a pulp and wood products business.
The Company is based in Portland, Oregon, and trades on the New
York Stock Exchange under the symbol POP. Pope & Talbot was
founded in 1849 and produces market pulp and softwood lumber at
mills in the US and Canada. Markets for the Company�s products
include the US, Europe, Canada, South America and the Pacific Rim.
For more information, please check our website and www.poptal.com.
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