|
Auckland, New Zealand
August 5, 2003
Genesis Research and
Development Corporation Limited (NZX/ASX: GEN) today
announced the appointment of Dr Peter Lee, an expatriate New
Zealander, as Chief Executive of AgriGenesis Biosciences
limited, its plant science subsidiary that was announced in
April 2003. The appointment of Dr Lee is a key step in the
progression of these plans.
“Dr Lee has an impressive track record in management and
commercialisation of research,” said Dr Jim Watson, Chief
Executive of Genesis Research. “He also has an excellent network
of contacts, having held senior positions in the North American
forest and paper products industry for over 25 years.”
Dr Lee completed a PhD in Chemical and Materials Engineering at
Auckland University and has worked for leading US forest and
paper products companies since then. Most recently he has been
Vice President, Global Research and Development for
International Paper Company, where he was responsible for
research management, technology collaborations and
commercialisation of new products. He has also held senior
positions with Mead Paper Company and Weyerhaeuser Company. Dr
Lee has had extensive experience in developing innovative
products and production technologies. He has expertise in
strategic planning, innovation and internal ventures, and
securing capital investments as well as managing research and
product development. He is Chair of Breakthrough Technologies
for American Paper Industry and the US Department of Energy, a
Board member of the Technical Association of Pulp and Paper, a
Representative to the Research and Technology Executive Council
and a member of the Editorial Board for Research Management
Magazine.
David Irving, Chairman of Genesis Research, said that Dr Lee
will report directly to the Genesis Board. Dr Watson will
continue as Chief Executive of Genesis Research and will also
resume responsibility as Head of the Health Division following
the completion of Dr Doug Williams’ term in New Zealand.
The establishment of AgriGenesis is expected to be completed by
September. |
