The Board of PaperlinX, based in Australia, confirmed David Allen as the company’s new Chief Executive Officer. He had been serving as Interim CEO since August 2012, during the paper distributor’s significant restructuring process.
Allen joined PaperlinX in 2004 and previously served as Managing Director of the Robert Horne Group in the UK and subsequently as Executive Vice President of PaperlinX with responsibility for the UK, Ireland and Canada.
“The board has complete confidence that Mr. Allen is the person who can continue this rapid restructuring and return PaperlinX to profitability in the shortest possible time,” stated Michael Barker, Chairman of PaperlinX. “Since Mr. Allen’s appointment as the Interim Chief Executive Officer, we have identified and are implementing A$15 million of cost saving initiatives.”
The PaperlinX board also announced Joost Smallenbroek has been promoted to the position of Chief Financial Officer. A resident of The Netherlands, he joined PaperlinX in 2004 and is currently Corporate Finance Director for PaperlinX Europe, leading Treasury, Tax and M&A functions in that area.
Andrew Price is to continue in his role as Executive Director to assist the Executive team in restructuring for the foreseeable future.
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