Woodbois taps Federico Tonetti for CEO

Woodbois Limited

0.30p

16:34 09/10/24

0.00%

0.00p

African-focused forestry timber group Woodbois said on Monday that Federico Tonetti would join the firm as chief executive officer, with immediate effect.

Mining

11,492.88

17:04 06/11/24

-2.32%

-273.47

Woodbois stated Tonetti was "a highly experienced senior executive", with a track record of delivering business model transformation and operational optimisation for multi-national enterprises.

Most recently, Tonetti was the group safety and sustainability director of contract food-service company Compass Group. Prior to this, he was the country CEO for LafargeHolcim, a Polish building materials and solutions provider.

Paul Dolan, previously both chair and CEO of the AIM-listed firm, will assume the position of executive chair of the company, and remain fully involved in the day-to-day running of the business and especially its strategic development.

As of 1010 GMT, Woodbois shares were up 1.02% at 4.95p.