About The Company

Nanaimo Forest Products Ltd. (NFPL), operating as Harmac Pacific, is a privately owned British Columbia–based, partially employee-owned company producing approximately 400,000 tonnes per year of Northern Bleached Softwood Kraft (NBSK) pulp, one of the highest-value pulp products globally. Since 2010, NFPL has invested more than $300 million in capital improvements across its pulp and energy operations, including significant investments in production infrastructure, renewable energy generation, and facility modernization.

The company serves international markets across Asia, North America, and Europe, and is recognized as both a specialty and commodity pulp producer, leveraging unique fibre inputs such as Douglas Fir, Hemlock, and Red Cedar to produce differentiated grades.

A key strategic differentiator for NFPL is its integrated energy platform. The Harmac Pacific site includes a biomass-fueled cogeneration facility that converts residual fibre inputs—such as sawdust and bark—into renewable electricity and process steam. Since 2014, the company has supplied carbon-neutral power to BC Hydro, generating enough energy to serve more than 28,000 homes annually. This contracted power business provides a reliable and complementary revenue stream alongside the cyclical pulp market.

NFPL Is Actively Advancing Energy Growth Initiatives, Including

- Expansion of generation capacity through new boiler and turbine infrastructure
- Evaluation and relocation of existing boiler assets to increase output
- Participation in funding programs (e.g., CleanBC, Investment in Forestry Industry Transformation (IFIT), and infrastructure financing)
- Exploration of low-carbon energy solutions and renewable energy credits

These initiatives represent a significant opportunity to enhance long-term EBITDA stability and strengthen the company’s sustainability profile.

In Addition To Its Operating Assets, NFPL Owns Strategically Located Industrial Land Adjacent To The Harmac Site.



This Land Is Currently Under Consideration For Industrial Rezoning And Future Development And Offers

- Proximity to deep-water port access
- Existing infrastructure, including water treatment and energy systems
- Potential for development into an industrial park, logistics hub, or complementary processing operations

This landholding provides long-term growth optionality and diversification potential beyond NFPL’s core pulp and energy businesses.

NFPL employs more than 350 people and supports over 1,000 jobs in the region. Its ownership model is unique:

- 25% employee-owned
- Remaining ownership held by BC-based investors across three holding entities
- Governed by a six-member Board, with equal representation among ownership groups

The company operates with a lean, collaborative, and hands-on culture, where leaders are expected to be actively involved in the business and contribute broadly to performance and decision-making.

VISION

To produce and supply premium Northern Bleached Softwood Kraft (NBSK) pulp to global markets through operational excellence, innovation, and a commitment to quality, sustainability, and teamwork.

MISSION

To be a world-class, employee-owned pulp producer recognized for delivering high-quality products, operating sustainably, and competing successfully in global markets.

VALUES

Quality: Guided by the principle that "Quality is the Key" to success.

Sustainability: Commitment to environmental stewardship, renewable energy generation, and responsible resource use.

Collaborative Teamwork: Emphasis on employee ownership, partnership, and shared success.

Innovation: Use of technology, creativity,



and continuous improvement to remain competitive.

Position Overview

The Chief Financial Officer (CFO) is a key member of the executive leadership team, reporting to the General Manager & CEO and working closely with the Board and ownership groups.

This is a hands-on, operational leadership role in a lean organization. The CFO will lead all financial functions while contributing broadly to strategic planning, capital allocation, and operational decision-making. The role requires strong capability in providing stewardship for their core pulp business which includes navigating a capital-intensive, globally exposed, and cyclical commodity business, but also helping to find strategic levers to expand their power generation and real estate development aspirations.

As a trusted advisor to the General Manager & CEO and Board, the CFO plays a central role in aligning financial planning, risk management, and infrastructure development to help diversify and strengthen recuring revenue for the group with direct responsibility for operational and capital budgets, financial controls, audit processes, enterprise risk management, insurance, and legislative compliance, while ensuring sound stewardship of resources and long-term financial sustainability. As a senior leader, the CFO will foster strong working relationships across the organization and with external stakeholders including government, auditors, industry partners, and regulatory bodies.

The role is responsible for building and sustaining high-performing teams, mentoring, and creating a culture of accountability, service excellence, and continuous improvement. With a strong focus on data-informed decision-making, risk mitigation, and operational effectiveness, this position is critical to ensuring that Harmac Pacific operates with integrity, resilience, and strategic agility in a competitive pulp industry landscape.

Download the Full Job Description: Nanaimo Forest Products - CFO.pdf

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📌 Chief Financial Officer (Nanaimo)
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