– USA, MI – Keweenaw Land Association, Limited (OTC: KEWL) today announced its desire to reduce the size of its board of directors as it enters the next chapter focused on the operation of its mineral assets.
Consequently, directors John Enlow, Peter Madden, and Steve Winch have tendered their resignations effective today and current President and CEO, Mark Sherman agreed to join the Board of Directors as he will retire from his role of CEO on December 31d, 2021.
“The transaction we closed on today has been the culmination of years of hard work. We are looking forward to Keweenaw’s next phase,” said Board Chairman, Jamie Mai.
The Company has appointed Tim Lynott as President to oversee the mineral operation. Mr. Lynott has served as the Company’s Treasurer and Controller of Keweenaw since June 25, 2019. Before joining Keweenaw, Mr. Lynott worked at Highland Copper Company, a publicly-traded development-stage copper company, as Manager of Finance and Administration for five years. Mr. Lynott previously held similar positions at Hudbay Minerals and White Pine Copper Refinery and Jacquart Fabric Products, Inc. Mr. Lynott received his bachelor’s degree at Alma College in Michigan and is a Certified Management Accountant.
Jamie Mai commented: “We are thankful for the tremendous efforts of management over these past several months to bring this transaction to fruition. We congratulate Mark on his retirement and look forward to working with Tim as we move forward.“
About Keweenaw Land Association, Limited
Keweenaw, headquartered in Ironwood, Michigan, previously operated as a forest products and land management company owning substantial subsurface mineral rights. Following the sale of its timberland assets, Keweenaw’s business will be focused on its mineral assets. The Company is currently not subject to the filing requirements of the Securities Exchange Act of 1934, as amended. The Company is categorized as “Pink Current Information” under the OTC Pink Sheets.
For more information: https://keweenaw.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
