Johansson will remain with the company to help with the financing of
Johansson had been filling the post on an interim basis during the search for a replacement for Aaron Regent, who left the seat to replace Derek Pannell as president of Falconbridge in 2002.
Over the past year and a half, Johansson led Noranda’s recapitalization program, which included raising about $1 billion to trim the company’s debt-laden balance sheet.
Steven Douglas, who was executive vice-president and chief financial officer of real estate company Brookfield Properties, will replace Johansson. Douglas also briefly worked for Kidd Creek.
Falconbridge is 59.5%-owned by Noranda. Noranda and Brookfield both fall under the Brascan umbrella of companies.
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