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Bullboard - Stock Discussion Forum Noranda Income Fund Unit NNDIF

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

OTCPK:NNDIF - Post Discussion

Noranda Income Fund Unit > Noranda manager Cdn Electrolytic CEO Centomo steps down
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Post by TellMeMore on Mar 25, 2021 6:25pm

Noranda manager Cdn Electrolytic CEO Centomo steps down

2021-03-25 17:16 ET - News Release

 

Mr. Anthony Lloyd reports

NORANDA INCOME FUND ANNOUNCES EXECUTIVE CHANGES

Liana Centomo is stepping down from her role as chief executive officer of Canadian Electrolytic Zinc Ltd., Noranda Income Fund's manager, effective April 30, 2021, to pursue other opportunities within Glencore PLC. Paul Einarson, chief financial officer of CEZinc, will take on the role of interim CEO upon her departure.

"On behalf of the board of trustees, I would like to sincerely thank Liana for her many contributions during her long career with CEZinc and, most recently, her leadership through the COVID-19 pandemic. We also wish her the very best in her new career pursuits," stated Anthony Lloyd, chairman of the fund's board of trustees. "I am pleased to be able to count on the strong management team in place to continue to lead the fund and pursue our 2021 objectives, which include maintaining our operational discipline as the pandemic persists and the execution of our ongoing strategic projects aimed at increasing our production capacity and, ultimately, the fund's long-term profitability."

Paul Einarson, CPA, CA, has been CFO of the fund's manager since 2018 and with Glencore Canada Corp. since 2014. A seasoned executive, Mr. Einarson has spent the last 15 years in the resource sector, having held a series of senior management positions with various publicly traded companies prior to joining Glencore Canada. Mr. Einarson holds a bachelor of commerce with honours degree from the University of Manitoba.

About Noranda Income Fund

Noranda is an income trust whose units trade on the Toronto Stock Exchange under the symbol NIF.UN. Noranda owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Que. The processing facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of zinc customers is located. It produces refined zinc metal and various byproducts from sourced zinc concentrates. The processing facility is operated and managed by Canadian Electrolytic Zinc, a wholly owned subsidiary of Glencore Canada.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

Comment by stopedout on Mar 25, 2021 7:35pm
I only hope that Paul sees his bread buttered by NIF.UN not Glencore. I can hope can't I?
Comment by Eric1212 on Mar 25, 2021 9:18pm
Considering CEZinc is fully owned by Glencore... But as i read correctly, Paul wont occupy this work for long, he is here only in-between.
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