More changes have been announced in the executive offices at silicon specialty metal producer Timminco Ltd. , including the resignation of John Fenger as president and chief operating officer to “pursue other interests.”
Mr. Fenger, who has agreed to act as a senior adviser to Timminco for certain projects, is being replaced as president by the company's general counsel and corporate secretary, Peter Kalins, who will also retain those roles.
Mr. Kalins will report to Doug Fastuca, who was appointed chief executive officer in early August to replace Heinz Schimmelbusch, who had held the position since 2007 and remains chairman of the Timminco board.
Meanwhile, Greg Donaldson has been appointed as vice-president, finance and controller of Timminco “and will have responsibilities as Timminco's most senior financial officer,” the company said.
Mr. Donaldson, who was previously manager, treasury and risk management, replaces Rob Dietrich, who has resigned as executive vice-president, finance and chief financial officer.
Timminco, headquartered in Toronto but with operations in Quebec, produces silicon metal for the chemical silicones, aluminum and electronics solar industries, through its majority owned joint venture with Dow Corning, known as Quebec Silicon.
Timminco is also a producer of solar-grade silicon for the solar photovoltaic energy industry, through its wholly owned subsidiary Becancour Silicon.
On the Toronto Stock Exchange, its shares were up half a cent at 28.5 cents in early trading Wednesday.