ATLANTA - Further to the July 10th released announcement communicating Arauco's amalgamation of sales and operations in the United States and Canada, Mr. Kelly Shotbolt, President of Arauco North America, is pleased to announce the following appointments to the Executive Management Committee:

Jake Elston, Vice President of Corporate Operations

Arauco North America Executive Committee AnnouncedLeading the corporate operations group for Flakeboard since 2012, Mr. Elston began his career in the composite panel industry when he joined Willamette Industries as a Production Supervisor in the Bend, Oregon particleboard plant.

He has also served as a project manager, technical director, operations manager and plant manager for the MDF facility in Eugene, Oregon. In 2002, Willamette was acquired by Weyerhaeuser Company and he was eventually repositioned to an Eastern Regional Manufacturing role based in Fort Mill, South Carolina.

With Flakeboard, Mr. Elston has held various Regional and National Manufacturing Management positions. After a company restructure in 2012, he transitioned to a Corporate Operations role for Flakeboard.

Now as Vice President of Corporate Operations for Arauco, Mr. Elston's group will support the IT, HR, Logistics, Purchasing, Raw Material Procurement, Environmental Health, Safety and Sustainability; and Government Affairs functions for North America including strategic planning and execution.

Rob Henry, Chief Financial Officer

Arauco North America Executive Committee AnnouncedRob Henry began his career with Flakeboard in 1995 at its Sault Ste. Marie, ON plant as the site's Corporate Controller.

Mr. Henry's leadership in the areas of finance, management and business development helped lead the acquisition, financing and integration of the G-P Flakeboard operations from Georgia-Pacific, and the composite panels business from Weyerhaeuser. His contributions in building comprehensive structures, principles and practices have served as a benchmark for a team-based organizational system that is a leader in the industry.

In 2005, Mr. Henry was appointed Vice President of Finance. During his time at that post, his governance through the credit crisis that affected markets in both Canada and the US, along with his experience, financial oversight and strategic decisions supported the continued financial and operational success of the company.

Mr. Henry was appointed CFO of Flakeboard in 2011, and promoted to CFO of Arauco Wood Products after Arauco's acquisition of Flakeboard in 2012.

As CFO, Mr. Henry, together with his team, will continue to manage the financial functions and models that realize stakeholder and shareholder corporate objectives.


Mike Rosso, Vice President of Manufacturing

Arauco North America Executive Committee AnnouncedMr. Rosso currently leads the manufacturing team responsible for the safe operation of all nine composite panel plants located in Oregon, Arkansas, South Carolina, North Carolina, New Brunswick, and Ontario.

With 28 years of manufacturing experience, he brings a strong focus on management systems and the sharing of best practices in multi-site organizations. In 1995, he joined Flakeboard during the construction and start-up of the Sault Ste. Marie MDF facility and progressed through maintenance, logistics, HR, safety, and production roles. He became Plant Manager in 2002.

His role expanded to overseeing the manufacturing of multiple Flakeboard mills in 2007, until his most recent assumption of operations for all Arauco North American manufacturing facilities.

Mr. Rosso has a strong commitment to Safety, and previously held Board of Director positions with a local Hospital Foundation and Safe Communities Partnership. His service has been recognized by the province of Ontario as an Ambassador for leadership in Safety, and nominee for the Premier's award for colleges of Ontario, Canada.

Kevin Shotbolt, Vice President of Sales and Marketing

Arauco North America Executive Committee AnnouncedMr. Shotbolt began his sales career with Flakeboard in 1981 building its distribution network, playing integral roles in product development, managing industry leading TFL(melamine) and Fibrex® (high density fiberboard) programs, and assembling a high performing customer service team.

Fifteen years later, Mr. Shotbolt formed a sales organization to support the new MDF mill in Sault Ste. Marie, Ontario and plan a value-add strategy for the operation.

In 2006, when Flakeboard acquired the composite panel assets of Weyerhaeuser in the United States, he was charged with integrating the sales and marketing functions of these six additional mills into the Flakeboard operation and expand the value-add strategy across the US mills.

Russ Jordan, Vice President of Sales

Arauco North America Executive Committee AnnouncedIn this role, Mr. Jordan will lead the North American business unit responsible for the sales and distribution of the product lines manufactured through Arauco's South American integrated operations. This business unit serves a broad and diverse customer base through industry leading products and services within the moulding and millwork, plywood and lumber sectors.

Mr. Jordan's professional history began with serving in various leadership roles as an aviator and commissioned officer in the US Army. Now in his tenth year with Arauco, he has held various sales and marketing leadership roles for Arauco's business operating within the North American market.


"This is a formidable group," says President, Kelly Shotbolt. "I am confident that our strategic intent to grow the North American business will be achieved. We welcome, and look forward to realizing the corporate visions of our shareholders, leveraged by the experiences and leadership from this group, along with the individual talent and efforts from those within our entire organization."

Based in Santiago Chile, ARAUCO, a global leader in the development of sustainable forest products, manufactures composite wood panels, plywood, millwork, lumber and pulp that are procured from company-owned and managed forests throughout South America. Arauco's North American headquarters are located in Atlanta, GA.

Flakeboard, acquired in 2012 as a wholly owned subsidiary of Arauco, manufactures a wide range of composite and thermally fused laminate panels.

Source: ARAUCO

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