– USA, MA – Hancock Natural Resource Group (HNRG) announced today Bill Peressini has been named Chief Executive Officer of the Hancock Natural Resource Group (HNRG).
Mr. Peressini, whose appointment is effective on January 1, 2016, will replace Dan Christensen, who will be retiring at the end of the year after 23 years with the company, the last 12 as its CEO. Mr. Peressini also will join the HNRG Board of Directors.
In addition, as previously announced, Wilfred Steiner has been appointed as Managing Director and Chief Financial Officer of HNRG, effective Oct. 1, 2015.
“We are thrilled to have Bill step into his new role as HNRG’s CEO,” said Warren A. Thomson, Chief Investment Officer of Manulife Financial and Chairman of Hancock Natural Resource Group. “Since joining us as chief financial officer four years ago, he has been an invaluable member of the team. He has played a vital role in the development of the Hancock Renewable Energy Group and in developing the integrated farmland investment management platform of the Hancock Agricultural Investment Group, two vital items for the future growth of HNRG. Bill is a strong leader and has the vision to build on HNRG’s current success and set the stage for future growth.”
“It is a tribute to Dan Christensen’s excellent stewardship of the organization over the past 12 years that we can so confidently place the reins of leadership into Bill’s hands,” Mr. Thomson added. “In addition to overseeing the rapid growth of HNRG during the past decade, he has developed an outstanding leadership team and depth throughout the organization. We thank him for all he has brought to HNRG and wish him all the best as he heads into a new phase of his life.”
Upon his retirement, Mr. Christensen will continue as chairman of HNRG’s subsidiary companies and will take on the role of Chairman of HNRG’s Board of Directors. He will replace Mr. Thomson who is stepping down as chairman, but remaining on the board. Mr. Christensen also will continue to work in the natural resource industry with industry associations.
Mr. Peressini, who was named president of HNRG earlier this year, has been its Chief Financial Officer since joining the organization in 2011. Before coming to HNRG, Mr. Peressini held senior management positions at Stimson Lumber Company, a privately-held integrated forest products company, and PacifiCorp, an energy and telecommunications company. Both companies are based in Oregon.
Mr. Steiner is Managing Director Australasia (HNRGA) and Director of International Finance. Since joining the organization in 2004, he has held a number of roles and worked on major timberland transactions in Australia, New Zealand and Chile. He will be relocating from Sydney, Australia to Boston. Before joining HNRG in 2004, Mr. Steiner was the CFO of Hoyts Cinemas Limited. He also had worked at Arthur Andersen.
About the Hancock Natural Resource Group
The Hancock Natural Resource Group, Inc. is a unit of Manulife Asset Management Private Markets. Based in Boston, it consists of three businesses: The Hancock Timber Resource Group, Hancock Agricultural Investment Group, and Hancock Renewable Energy Group. HNRG manages timberland, agricultural and renewable energy investments on behalf of institutional investors globally. As of June 30 2015, the organization had $14 billion in assets under management and manages investments in the United States, Brazil, Chile, Canada, New Zealand and Australia.
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