CEO resigns from AV Terrace Bay
By Cindy Macdonald
Giovanni Iadeluca, CEO of the AV Terrace Bay pulp mill in Ontario, has resigned from the organization to pursue another opportunity.
“We are thankful for Giovanni’s leadership over the past four years as the company has undergone a successful transformation and achieved profitability,” said Vinod Tiwari, global COO pulp operations for Aditya Birla, the owner of AV Terrace Bay.
“AVTB will continue its strategic focus on productivity, sustainability and a strong market presence,” Tiwari added. “Giovanni’s departure does not change our focus.”
Iadeluca joined AVTB in 2012 as CEO. As CEO, he led the company’s corporate development and strategic planning functions.
Iadeluca said in the statement announcing his departure: “I am proud of our accomplishments over the past four years as we have transformed AVTB and demonstrated increased market share in NBSK. During that time I have been able to witness the growth and transformation of the mill with unprecedented improvements in health and safety as well as achieving daily and monthly production records.”
Iadeluca and his team also developed strategic partnerships with Greenpeace, Canopy and FSC, during his tenure.
AV Terrace Bay became the third Canadian company to join the Aditya Birla Group’s pulp and fiber business (Grasim Industries Ltd.) in July 2012. On October 10, 2012, the Terrace Bay mill successfully restarted production as a paper-grade NBSK mill.