Palm oil producer Ferionia appoints new board member

Feronia (CVE:FRN) said on Friday it has appointed Joel Strickland to its board of directors, as former member George Mihaleto resigns.
Feronia said in a statement that Mihaleto resigned from his post because of “professional time constraints”.
Strickland, a graduate of the Richard Ivey School of Business Honours Business Administration program, has also been appointed to the board’s audit committee, corporate governance and compensation committees.
The appointments are subject to the Toronto Stock Exchange approval, the company said.
Currently, Strickland holds board positions at the Canadian National Stock Exchange, Welaptega Marine and Zaio Corp (CVE:ZAO).
He has operational experience in Africa, where he worked for Buchanan Renewable Fuel as president. The company, which produces and exports woodchips to Europe for energy consumption, also has operations in Liberia, West Africa.
Prior to that, he held senior executive roles for a number of companies including geo-referencing company Navitrak International Corp. Strickland, as a fixed-income trader, also held senior positions at investment banks in Toronto and New York.
"Joel's experience managing the start-up of a large-scale mechanized agri-business in Africa and his extensive background in capital markets will enable him to make valuable contributions to the board and to the company," said Feronia chairman, Ravi Sood.
Feronia is a large-scale farmland operator in the Democratic Republic of Congo. It uses modern agricultural practices to run and develop its oil palm plantations and arable farming businesses.
The Toronto-based company’s shares traded at $0.50 Friday on the Toronto Stock Exchange.