Anna E. Torma

ANNA E. TORMA is a North American Paper & Forest Products Analyst at
Merrill Lynch. Before joining Merrill Lynch, Ms. Torma was a Senior
Paper and Forest Products Analyst at a Canadian investment bank,
initially covering Canadian lumber and paper and forest products. Prior
to becoming a Research Analyst, she had specialized in forest product
mergers and acquisitions, practiced corporate and environmental law for
forest product and mining companies, and worked as a strategic planner
for a major Canadian newsprint producer. She has been involved in the
forest products industry since 1980. Ms. Torma is a Registered
Professional Forester, holds a law degree and an MBA from the University
of Western Ontario, and a BSc in forestry from Lakehead University. She
is a member of the Bar of Ontario, the Ontario Professional Foresters
Association and the Society of American Foresters.