OneFortyOne has announced the appointment of Wendy Norris (pictured) as its new chief executive effective from mid-June.
Ms Norris is currently the deputy chief investment officer with the Future Fund, having previously served as Head of Infrastructure and Timberland Investments at Future Fund.
In that role she was involved in the development of the forest and timberland investment strategy.
Ms Norris was part of the Future Fund team that established OneFortyOne, investing in Australian and New Zealand forest estates as well as timber manufacturing businesses in Mount Gambier and Marlborough, New Zealand South Island, and has also served on the board of OneFortyOne.
At Future Fund she was responsible for over $60b of direct investments that include forest/timberlands, private equity, and infrastructure, including airports and ports.
Ms Norris also focused on change and innovation, which covered the entire $250b Future Fund portfolio.
With this expansion, she focused on strategic evolution, preparedness for external environment conditions, talent development, and driving the data and technology needs of the business.
OneFortyOne chairman John Gilleland said Ms Norris was chosen after an extensive selection process.
“Wendy is an outstanding choice, and she brings with her a deep understanding of OneFortyOne and the forest and timber processing sectors,” he said.
“Wendy has a proven record and extensive background ranging from water resources in her early career, to banking, investments and investment management.
Her experience in forestland and infrastructure investments places her in a unique position within our industry.
“Her experience with stakeholders, including shareholders, boards, government and finance across ours and many sectors is key for the evolving business environment we are in.
“Importantly, Wendy’s relationships will serve all stakeholders well in assuring OneFortyOne continues as a trusted partner.
“Wendy is a leader with a personal approach to those she works with.
“We are confident in Wendy and the entire leadership team in making OneFortyOne even more successful in the years to come.”
