– CANADA, Vancouver – Western Forest Products Inc. (TSX:WEF) today announced the implementation of its planned Board of Directors leadership transition, including changes to Chair roles of the Board, Audit Committee and Environmental, Health and Safety Committee.
“On behalf of the board of directors, I would like to congratulate Mike on his appointment as Chair. His experience and leadership will be invaluable to our optimization and our growth strategy,” said Mr. Doney. “I look forward to continuing to work with the Board and our executive management in achieving our vision for Western of becoming a global leader in providing the most sustainable building products in the world.”
The Board leadership transition plan was recommended by the Company’s Nominating and Corporate Governance Committee working in conjunction with the Chair of the Board and reinforces Western’s commitment to corporate governance best practices. In addition, the Nominating and Corporate Governance Committee has engaged an executive search firm to assist in identifying director candidates with complementary skills and experiences in support of the Company’s ongoing Board succession plan.
About Mike Waites
Mr. Waites has served as a director of the Company since November 2014. He has previously held director roles with Repsol Oil & Gas Canada, Inc. and Hudbay Minerals Inc. Mr. Waites is past President and CEO, and, earlier, Executive Vice President and CFO, of Finning International. He has also held senior positions with Canadian Pacific Railway and Chevron Canada Resources. Mr. Waites has a Master of Business Administration from Saint Mary’s College (California), a Master of Arts in Economics from the University of Calgary, a Bachelor of Arts (Honours) in Economics from the University of Calgary, and has completed the Executive Program at the University of Michigan Business School.
About Western Forest Products Inc.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.1 billion board feet from eight sawmills and four remanufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.
For more information : https://www.westernforest.com
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