VANCOUVER — Ainsworth Lumber Co. Ltd. (TSX:ANS) named Chris Davies as the company's new chief financial officer on Wednesday.
Davies, chief financial officer of MacDonald, Dettwiler and Associates Ltd.'s (TSX:MDA) information products division, takes over the job at Ainsworth on Nov. 2.
Davies replaces Robert Allen, who has left the lumber company.
Last year, Ainsworth underwent a recapitalization that saw 100 million new common shares issued to its former shareholders and holders of its former senior unsecured notes which were cancelled under the deal.
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The restructuring also saw Allen, Brian and Catherine Ainsworth — who held the president, chairman and chief executive, and chief operating officer roles at the company, respectively — leave those positions.
They are the children of David and Susan Ainsworth, who founded the company in 1950 with one mill.