GreenFirst announces Alfred Colas as new Chief Financial Officer

TORONTO — GreenFirst Forest Products Inc. announced that Michael Liggett, Chief Financial Officer will be transitioning to an on-going consultative role. Mr. Alfred Colas will start as Chief Financial Officer of GreenFirst effective April 4, 2022.

The Company and its Board of Directors would like to thank Mr. Liggett for his significant contribution with the Rayonier Advanced Materials Asset Acquisition and his participation in building GreenFirst.

Mr. Liggett noted, “It has been my great privilege to serve as CFO at GreenFirst. I am proud of GreenFirst’s growth and financial performance over the past year. The organization is well positioned for long-term success and with the great team of people at GreenFirst I am optimistic about the Company’s future.”

Mr. Colas is a finance business executive with experience with publicly listed companies in commodity industries including corporate governance, finance management and M&A integrations. Mr. Colas was most recently CFO of Excellon Resources Inc, a silver producer and explorer with Mexican operations. Prior to 2020, Mr. Colas spent five years as CFO of two private-equity ventures including Potentia, a roof-top solar power producer and Arch Corporation, an asset manager with real estate investments. Mr. Colas obtained a BComm from the University of Toronto and holds a CPA and CA, having begun his career as an auditor with PwC.

“We wish to thank Michael Liggett for his active involvement in the business. We respect his decision to stay in B.C. for family matters and appreciate that he will continue to work with us,” said Rick Doman CEO, GreenFirst. “We are pleased to have Alfred Colas join GreenFirst as our CFO. Alfred’s success and experience as a public company CFO, his financial expertise and his outstanding leadership qualities are a great addition to our executive team.”