TSX: WEF
VANCOUVER, BC, March 5, 2021 /CNW/ - Western Forest Products
Inc. (TSX: WEF) ("Western" or the "Company") announced today that
Mr. James Arthurs and Mr.
Lee Doney will not be standing for
re-election as directors at Western's Annual and Special Meeting on
May 6, 2021, and that Mr.
Randy Krotowski and Mr. John Williamson have been appointed as
independent directors to Western's Board of Directors (the
"Board").
Mr. Arthurs and Mr. Doney have been members of the Board since
July 2004. The changes announced
today are consistent with Western's ongoing Board renewal and
succession process and demonstrates Western's commitment to strong
corporate governance practices. With the appointment of Mr.
Krotowski and Mr. Williamson, four new members will have joined
Western's Board in the past two years.
"On behalf of the Board, I would like to thank Mr. Arthurs and
Mr. Doney for the dedication and significant contributions they
brought to the Board over the last 16 years", said Mr. Michael Waites, Chairman of Western. "I am
pleased to welcome Mr. Krotowski and Mr. Williamson to the Board.
Their extensive skill sets and expertise will further complement
our current Board members, and we are confident they will provide
valuable perspectives as we continue to execute on our strategy,
drive growth and build long-term shareholder value."
Mr. Krotowski has held the position of Vice President and Chief
Information Officer at Caterpillar and Chief Information Officer at
Chevron's Global Exploration and Production business. He previously
held various senior management positions with Chevron Corporation
and has served as an advisor to several Silicon Valley technology
companies. Mr. Krotowski has extensive experience in digital
strategy development and transformation execution, operations
management and supply chain optimization. He has a Bachelor of
Applied Science in Chemical Engineering from the University of Toronto and an MBA from Golden Gate University.
Mr. Williamson is the past President and CEO of Atkore
International Group Inc. He previously held various senior
executive positions at ITT Corporation and Danaher Corporation. Mr.
Williamson brings 30 years' experience in manufacturing operations
and has extensive expertise in the building products segment,
acquisitions and international business. He has a Bachelor of Arts
in Business from the California State
University Fullerton.
The Board regularly evaluates its composition and tenure of
Board members. As part of the process in considering new Board
members, the Board carefully considers a diverse and broad range of
skills, experience and perspectives to best meet the needs of the
Company and support the Company's strategy.
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.
Forward-looking Statements
This press release contains statements that may constitute
forward-looking statements under the applicable securities laws.
Readers are cautioned against placing undue reliance on
forward-looking statements. All statements herein, other than
statements of historical fact, may be forward-looking statements
and can be identified by references to future periods.
Forward-looking statements in this press release include, but are
not limited to, statements relating to the appointment of directors
to the Board. Although such statements reflect management's current
reasonable beliefs, expectations and assumptions, there can be no
assurance that forward-looking statements are accurate, and actual
results or performance may materially vary. Many factors could
cause our actual results or performance to be materially different,
including factors referenced under the "Risks and Uncertainties"
section of our MD&A in our 2020 Annual Report dated
February 18, 2021.
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SOURCE Western Forest Products Inc.