Western Forest Products Inc.
TSX : WEF

Western Forest Products Inc.

August 04, 2015 20:20 ET

Western Forest Products Announces New Appointments to Its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Western Forest Products Inc. (TSX:WEF) ("Western" or the "Company") is pleased to announce the appointment of Jane Bird to its Board of Directors ("Board") and the appointment of current director Daniel Nocente as independent Lead Director.

Ms. Bird has held the positions of Chief Executive Officer at Columbia Power Corporation and Chief Executive Officer at Canada Line Rapid Transit Inc. She was most recently responsible for the Canada House Renewal Project in London, UK as an Attaché with Canada's Department of Foreign Affairs, International Trade and Development. Ms. Bird currently serves on the Board of Directors of Global Container Terminals Inc., BC Ferry Services Inc., and IBI Group Inc.

"It is a pleasure to welcome Jane to our Board of Directors," said Lee Doney, Chairman of the Board of Western. "Her track-record in delivering major multi-faceted infrastructure projects on-time and on-budget, and her impressive executive management and director experience will be a welcome addition to our Board."

Ms. Bird brings to her board position nearly 30 years of experience in executive-level legal, financial and operating positions for organizations in North America and Europe.

Mr. Nocente has been a director of the Company since 2014. "Appointing Daniel to independent Lead Director reinforces our commitment to corporate governance best practices," added Doney.

Western Forest Products Inc.

Western is an integrated Canadian forest products company, and is the largest coastal British Columbia woodland operator and lumber producer. The Company has an annual available harvest of approximately 6.4 million cubic metres of timber, of which approximately 6.2 million cubic metres is from Crown lands. Western has a lumber capacity in excess of 1.1 billion board feet from seven sawmills and two remanufacturing plants. Principal activities conducted by the Company include timber harvesting, reforestation, sawmilling logs into lumber and wood chips, and value-added remanufacturing. Substantially all of Western's operations, employees and corporate facilities are located in the coastal region of British Columbia, while its products are sold in more than 25 countries worldwide.

Forward-Looking Statements and Information

This press release contains statements which constitute forward-looking statements and forward-looking information within the meaning of applicable securities laws. Those statements and information appear in a number of places in this document and include statements and information regarding our current intent, belief or expectations primarily with respect to market and general economic conditions, future costs, expenditures, available harvest levels and our future operating performance, objectives and strategies. Such statements and information may be indicated by words such as "estimate", "expect", "anticipate", "plan", "intend", "believe", "should", "may" and similar words and phrases. Readers are cautioned that it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, and that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. Such risks and uncertainties include, among others: general economic conditions, competition and selling prices, changes in foreign currency exchange rates, labour disruptions, natural disasters, relations with First Nations groups, changes in laws, regulations or public policy, misjudgments in the course of preparing forward-looking statements or information, changes in opportunities and other factors referenced under the "Risks and Uncertainties" section of our MD&A in our 2014 Annual Report dated February 17, 2015. All written and oral forward-looking statements or information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Except as required by law, Western does not expect to update forward-looking statements or information as conditions change.

Contact Information

  • Western Forest Products Inc.
    Amy Spencer
    Director of Communications and Government Relations
    604-317-4150

    Western Forest Products Inc.
    Stephen Williams
    Senior Vice President, Chief Financial Officer
    and Corporate Secretary
    604-648-4572