Forest Enterprises remains unique in operating marketing, administration and forestry business divisions, covering all activities relating to the investment. With significant harvest milestones approaching, our business is changing to ensure we can deliver the most profitable harvest outcome and also provide future options for Investors post-harvest.
Licensed MIS manager
An important recent change to our business was becoming a licensed manager of forestry Managed Investment Schemes (MIS Schemes) under the Financial Markets Conduct Act 2013 on 3 October 2016. In order to offer and promote forestry investments in New Zealand as a public issue investment, now and into the future, this was critical.
Learn more about our role as a licensed manager here.
Our company structure
In preparation for becoming a licensed MIS manager, on 1 April 2015 we split Forest Enterprises into two companies to completely separate the MIS Scheme management activities from our other business activities.
Forest Enterprises Limited (FEL) remains the manager of our clients’ investments and is now focused exclusively on this management responsibility (and is the licensed manager). Its parent company Forest Enterprises Growth Limited (FEG) undertakes all other activities, including the forestry and harvesting services for FEL. From an investor perspective, we are still Forest Enterprises.
Forest Enterprises has always seen its role as ‘standing in the shoes of the investor’. Our investor-focused business philosophy is reinforced in the restructure because the separate governance structure of FEL (the MIS Scheme manager) creates an additional level of scrutiny ensuring the philosophy is being applied.
Learn more about the Forest Enterprises restructure.
Securing the future for our existing and new investors relies on Forest Enterprises’ stability and continuity as a company. Forest Enterprises succession strategy involved major shareholder Steve Wilton progressively selling down his shareholding and diversifying the leadership in the years until his retirement in 2018.
Bert Hughes and Graeme Tindall started the process by becoming shareholders and Directors in 2012 (followed by Gordon Wong in 2015). They are now the major shareholders and assume key leadership roles at Forest Enterprises, following former Managing Director Steve Wilton’s retirement in 2018. Bert is Chief Executive Officer as well as Forestry Director, and Graeme is Managed Investments Director with an expanded remit.
On 1 April 2016, Forest Estate Manager Malte Coulmann became Forest Enterprises’ youngest shareholder.
In February 2016, we began the significant harvesting programme of our investors’ Gisborne forests established in the 1990s. The harvest volumes from our Gisborne harvest programme are expected to reach 700,000 tonnes a year for several years. This prompted the appointment of harvest specialist Dan Fraser to the new role of Gisborne Regional Manager in August 2017. Dan became a Forest Enterprises shareholder on 1 April 2018.
Read more about our team here.