New Forests has announced the appointment of Mark Rogers to the role of Chief Executive Officer, replacing David Brand who will take on a new role as Chair of New Forests. Source: Timberbiz
Mr Rogers will commence his new role on 3 April 2023, while working closely with David Brand over the first quarter of 2023 to ensure a smooth transition.
Mr Rogers joined New Forests in 2016 as managing director for Australia, New Zealand and took on the additional responsibility for the United States as senior managing director in 2019, overseeing the investments and business lines in those regions managing teams across acquisitions, operations and investment analytics.
Mr Rogers has a Bachelor of Arts, a Bachelor of Economics, and a Masters of Law from the Australian National University in Australia, and is a graduate member of the Australian Institute of Company Directors.
During his time at New Forests, he has overseen strong investment performance and assets under management have grown from approximately $3 billion to almost $10 billion today.
Prior to New Forests, Mr Rogers held senior leadership roles across other real asset companies where he was responsible for businesses and teams including acquisitions, distribution, project development and finance.
In addition to Mr Brand’s role as Chair, he will work on strategic growth opportunities for New Forests, looking at new markets and new opportunities for the business in support of New Forests senior executive team. He will continue to chair New Forests’ investment committees and remain as Chair of New Forests until June 2025.
“Mark is a proven, strategic leader who has a deep understanding of our business, our culture and our vision, making him the ideal candidate to lead New Forests into its next stage of growth,” Mr Brand said.
“He has demonstrated an outstanding track record across our Australia, New Zealand and United States businesses with a vision to see investment in land use and forestry as key to the transition to a sustainable future.
“After 17 years at the helm of New Forests, it is time for me to step down from the CEO role and do what I love doing most and that is looking at strategic growth opportunities in new markets and new geographies. I’m immensely proud of what we’ve achieved growing from a handful of people in 2005 to over 100 staff in five countries, across 1.1 million hectares and $10 billion in assets under management.”
Incoming Chief Executive Officer Mr Rogers said that he honoured to take on the role of CEO and look forward to continuing to cement our reputation as leaders in the natural capital investment space across developed and emerging markets.
“With the new shareholders Mitsui and Nomura providing growth capital and access to a global distribution platform, it’s an exciting time for New Forests,” Mr Rogers said.
“I wish to thank David for his vision, innovation and creating a culture of passionate, purpose-driven individuals.”
New Forests will undertake a search process for Mr Rogers’ replacement and will confirm any interim arrangements in due course.