Wendy Norris appointed as OneFortyOne's CEO

Friday 5 May 2023

The Board of Directors and Shareholders of OneFortyOne are pleased to announce the appointment of Wendy Norris as Chief Executive Officer of the Company effective from mid-June 2023.

OneFortyOne Chairman John Gilleland said Wendy 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 is currently the Deputy Chief Investment Officer (Deputy CIO) with the Future Fund. She has 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. Wendy 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 Mt Gambier, South Australia and Marlborough, New Zealand South Island. Wendy has also served on the Board of OneFortyOne.

Wendy has extensive and deep investment experience. As Deputy CIO she has been responsible for over $60 billion of direct investments that include forest/timberlands, private equity, and infrastructure, including airports and ports. Wendy has also focused on Change and Innovation, which covered the entire $250 billion 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.

John 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.”, John Gilleland said. “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.

As Wendy steps in, the Board recognises the outstanding work by Interim CEO Peter Brydon on his leadership and working with the OneFortyOne Lead Team in moving the business forward.”

Source: OneFortyOne

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