LONDON, UK: Woodbois Limited announced the appointment of Federico Tonetti to the role of Chief Executive Officer with immediate effect.
Paul Dolan, previously Chair and CEO, will assume the position of Executive Chair of the Company, and will remain fully involved in the day to day running of the business and especially its strategic development.
Federico is a highly experienced senior executive, with a track record of delivering business model transformation and operational optimisation for multi-national enterprises.
Most recently, Federico Tonetti was the Group Safety & Sustainability Director of Compass Group PLC, the largest contract food-service company in the world and a constituent of the FTSE100. Prior to this, he was the Country CEO for LafargeHolcim, a global leader in building materials and solutions, in Poland, and before this held other senior positions within Lafarge. Federico also worked as a Strategy Consultant for Bain and Company.
Federico holds a Bachelor’s degree in Business Administration from Bocconi University in Milan and an International MBA from the Instituto de Empresa Business School in Madrid.
Executive Chair, Paul Dolan, said: “As previously advised, we have been searching for a CEO in order to both broaden and deepen our management team in this period of rapid growth and as part of the improvements to our governance by splitting the Chair and CEO roles.
We are very pleased to welcome Federico to the team and we are impressed by the start he has made since consulting for Woodbois over the past three months. He brings extensive experience of operating internationally with companies of considerable scale. His background in successfully delivering increased operational efficiencies and executing on successful business transformations will be important to Woodbois, as we look to continue to deliver long term value creation for all stakeholders.
Federico also has considerable ESG credentials, having advised multi-national corporations on their sustainability strategies, which is of importance to us, given our ability to help organisations achieve their carbon reduction objectives.
I firmly believe in Woodbois’ potential to not only create value whilst also playing a growing role in sustainability and reforestation., As Executive Chair I will be fully involved in the Company, and of course remain a significant shareholder. I am delighted to be able to bring someone with Federico’s level of experience on to the Board to ensure we continue to deliver on the ambitious growth targets we have in place.”
Chief Executive Officer, Federico Tonetti, said: “I am very pleased to be joining Woodbois on a full-time basis. At an operational level, Woodbois has delivered a robust performance to date in 2021 and I look forward to working with the team to increase output and deliver further operational synergies going forward.
Woodbois is also well placed to make a significant impact in the Voluntary Carbon Market, a high growth market segment that continues to attract high levels of interest from Governments, corporates and investors the world over. This is a tipping point in the Company’s development and I look forward to working closely with Paul and the wider team as we look to build the business and generate value for the Company’s stakeholders.”
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