Effective immediately, David Rothschild, the current chief executive officer, will step back from his role as CEO and director of the company but will continue to provide advisory support, when requested, for the coming few months. Guido Theuns, currently serving as the executive chair of Woodbois, is appointed as CEO with immediate effect.
Woodbois is integrating the roles of CEO and executive chair as part of a broader restructuring strategy. This adjustment aims to foster a more cohesive leadership approach, thereby enhancing decision-making processes and improving operational efficiency.
Additionally, the company is committed to further strengthening the board and is actively seeking to appoint an additional independent non-executive director.
As part of its commitment to excellence, Woodbois is reinforcing the reporting of and competitive capital allocations to, its distinct profit centres. This structural refinement empowers each profit centre management by facilitating a focused approach to financial management and accountability.
The identified profit centres are as follows:
- Sawmill division: responsible for wood processing and lumber production
- Veneer factory division: focused on the manufacturing and distribution of veneer products
- Trading department: Engaged in the trading of Woodbois and third-party timber and related commodities
- Carbon credits projects division: dedicated to the development and management of carbon offset initiatives
This reinforced divisional structure enables Woodbois to administer the financial parameters of each profit centre independently, contributing to the overall success and sustainability of the company.
