BNET Industries

Mercer International Inc.

(MERC) is in the Manufacturing Industry

Market Cap:$98.7M
Last Fiscal Year Sales:$1.0B
  • Public
  • US
Dow Jones Description

Owner & Operator of a Diverse Pulp & Paper Business

Number of Employees 1,490
Contact Information

14900 Interurban Ave S Ste 282

Seattle, Washington 98168

(206) 674-4639

NAICS Code Pulp Mills: 322110

Recent Events

  • Mercer International Inc signs CAD40.0m funding agreement with Canadian government

    12/01/09 - Joint Venture / Alliance - View Story

  • UPDATE 1-Canada's Mercer International Q3 loss narrows

    10/28/09 - Financial Announcement - View Story

  • Mercer's Celgar Mill Awarded $57.7 Million "Green" Credits

    10/14/09 - Joint Venture / Alliance - View Story

  • BMO Capital Initiates Coverage on Mercer International MERC with an Underperform

    9/25/09 - Bond / Stock Rating - View Story

  • Mercer International loses 11.47 million euros in Q2

    7/29/09 - Financial Announcement - View Story

News & Analysis

call transcript and mercer international inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jimmy S.H. Lee CEO
Claes-Inge Isacson Coo
David M. Gandossi Cfo
David Ure Vice President
Werner Stueber Vice President, Technical Support & Pop Operations
Wolfram Ridder Vice President, Business Development
Bill McCartney Trustee
Genevieve Stannus Treasurer

Board of Directors

Name (plus bio) Position
Eric Lauritzen Board of Directors
George Malpass Board of Directors
Graeme A. Witts Board Director
Guy W. Adams Board of Directors
Kenneth A. Shields Board of Directors

Jimmy S.H. Lee , age 51, has been a director since May 1985 and President and Chief Executive Officer since 1992. Mr. Lee holds a BaSc Degree in chemical engineering from the University or British Columbia, Canada. During Mr. Lee's tenure with Mercer, we acquired the Rosenthal mill, converted the Rosenthal mill to the production of kraft pulp, constructed and started up the Stendal mill and acquired the Celgar mill.

Organization Position Status
Mercer International Inc. CEO Current
Mercer International Inc. Board Chairman Current
Mercer International Inc. President Former
Mercer International Inc. Board Director Former

Claes-Inge Isacson , age 63, has been our Chief Operating Officer since November 2006 and is based in our Berlin office. Mr. Isacson brings over 24 years of senior level pulp and paper management to our senior management team, with a focus on kraft pulp. Mr. Isacson held the positions of President Norske Skog Europe, and then Senior Vice President Production for Norske Skogindustrier ASA between 1989 and 2004. His most recent position was President, AF Process, a consulting and engineering company working worldwide. He holds a Masters of Science, Mechanical Engineering.

Organization Position Status
Mercer International Inc. Coo Current

David M. Gandossi , age 51, has been Secretary, Executive Vice-President and Chief Financial Officer since August 15, 2003. Mr. Gandossi was formerly the Chief Financial Officer and Executive Vice-President of Formation Forest Products (a closely held corporation) from June 2002 to August 2003. Mr. Gandossi previously served as Chief Financial Officer, Vice-President, Finance and Secretary of Pacifica Papers Inc., a North American specialty pulp and paper manufacturing company previously listed on the Toronto Stock Exchange, from December 1999 to August 2001 and Controller and Treasurer from June 1998 to December 1999. From June 1998 to August 31, 1998, he also served as Secretary to Pacifica Papers Inc. From March 1998 to June 1998, Mr. Gandossi served as Controller, Treasurer and Secretary of MB Paper Ltd. From April 1994 to March 1998, Mr. Gandossi held the position of Controller and Treasurer with Harmac Pacific Inc., a Canadian pulp manufacturing company previously listed on the Toronto Stock Exchange. Mr. Gandossi is a member of the Institute of Chartered Accountants in Canada. From February 2007 to present, he has chaired the B.C. Pulp and Paper Task Force, a joint government industry and labor effort that is mandated to identify measures to improve the competitiveness of the British Columbia pulp and paper industry. He is also a member of the Working Round Table on Forestry.

Organization Position Status
Mercer International Inc. Cfo Current
Mercer International Inc. Secretary Current
Mercer International Inc. Executive Vice President Former

David K. Ure , age 41, has been our Vice President, Controller, since October, 2006. Mr. Ure was formerly the Controller of Catalyst Paper Corporation from 2001 to 2006 and Controller of Pacifica Papers Inc. from 2000 to 2001. He also served as U.S. Controller of Crown Packaging Ltd. in 1999 and the Chief Financial Officer and Secretary of Finlay Forest Industries Inc. from 1997 to 1998. He is on the Board of Trustees of the Pulp and Paper Industry Pension Plan and has over fifteen years experience in the forest products industry. Mr. Ure is a member of the Certified General Accountants' Association of Canada.

Organization Position Status
Mercer International Inc. Vice President Current
Mercer International Inc. Controller Former

Organization Position Status
Mercer International Inc. Vice President, Technical Support & Pop Operations Current

Wolfram Ridder , age 46, was appointed Vice President of Business Development in August 2005, prior to which he was a managing director of Stendal. Mr. Ridder was the principal assistant to our Chief Executive Officer from November 1995 until September 2002.

Organization Position Status
Mercer International Inc. Vice President, Business Development Current

Organization Position Status
Pemcorp President Current
Dynasty Metals & Mining Inc Cfo Current
Dynasty Metals & Mining Inc Director of Business Development Current
Mercer International Inc. Trustee Current
British Columbia Board of Directors Current
Exeter Resource Director Current
Southwestern Resources Corp Director Current
Mercer International Inc. Board of Directors Current
Davidson & Co. Partner Former
Dynasty Metals & Mining Inc Officer Former
Simon Fraser University B.A. Former

Eric Lauritzen , age 69, has been a director since June 2004. Mr. Lauritzen was President and Chief Executive Officer of Harmac Pacific, Inc., a North American producer of softwood kraft pulp previously listed on the Toronto Stock Exchange and acquired by Pope & Talbot Inc. in 1998, from May 1994 to July 1998, when he retired. Mr. Lauritzen was Vice President, Pulp and Paper Marketing of MacMillan Bloedel Limited, a North American pulp and paper company previously listed on the Toronto Stock Exchange and acquired by Weyerhaeuser Company Limited in 1999, from July 1981 to April 1994.

Organization Position Status
Mercer International Inc. Board of Directors Current

Genevieve Stannus , age 38, has been our Treasurer since July 2005, prior to which she was a Senior Financial Analyst with Mercer from August 2003. Prior to joining Mercer, Ms. Stannus held Senior Treasury Analyst positions with Catalyst Paper Corporation and Pacifica Papers Inc. She has over 10 years experience in the forest products industry. Ms. Stannus is a member of the Certified General Accountants Association of Canada.

Organization Position Status
Mercer International Inc. Treasurer Current

George Malpass , age 68, has been a director since November 2006. Mr. Malpass was formerly the Chief Executive Officer and a director of Primex Forest Products Ltd. and is also a former director of both International Forest Products Ltd. and Riverside Forest Products Ltd. Mr. Malpass also formerly served as chairman of the Council of Forest Industries of B.C.

Organization Position Status
Mercer International Inc. Board of Directors Current

Graeme A. Witts , age 69, has been a director since January 2003. Mr. Witts organized Sanne Trust Company Limited, a trust company located in the Channel Islands, in 1988 and was managing director from 1988 to 2000, when he retired. He is now the Chairman of Azure Property Group, SA, a European hotel group. Mr. Witts is also a fellow of the Institute of Chartered Accountants of England and Wales and has previous executive experience with Procter & Gamble Company, as well as with Clarks Shoes. Mr. Witts also has experience in government auditing.

Organization Position Status
Mercer International Inc. Board Director Current

Guy W. Adams , age 56, has been a director since August 2003. Mr. Adams is the managing member of GWA Advisors, LLC, GWA Investments, LLC and GWA Capital Partners, LLC, where he has served since 2002. GWA Investments is an investment fund investing in publicly traded securities managed by GWA Capital Partners, LLC, a registered investment advisor. Prior to 2002, Mr. Adams was the President of GWA Capital, which he founded in 1996 to invest his own capital in public and private equity transactions, and a business consultant to entities seeking refinancing or recapitalization. Mr. Adams has been a director of Vitesse Semiconductor Corp. since October 2007.

Organization Position Status
Mercer International Inc. Board of Directors Current
Exar Corporation Board of Directors Former
Mercer International Inc. member Former

Organization Position Status
Raymond James Ltd. NA Current
Retire First Ltd. Chairman Current
Raymond James Ltd. Chairman Current
BC Progress Board Board of Directors Current
Raymond James Financial, Inc. Director Current
Mercer International Inc. Board of Directors Current
TimberWest Forest Corp. Director Current
Raymond James Financial, Inc. CEO, Raymond James Ltd Former
BC Progress Board Active Member Former
Vancouver Stock Exchange Governor Former
NYSE Group, Inc. Director Former

Executive News

  • Mercer International Inc. Announces Launch of Exchange Offer

    Reuters - 7/13/09 - View Story

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     MERC $2.71 -0.02 (-0.73% )
Average Volume 135,997
Shares Outstanding 36.44M
Market Cap 98.8M
Year High 4.37
Year Low 0.25
Earnings Per Share -4.71
P/E Ratio -0.58
Dividend N/A
Yield N/A
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