VANCOUVER, BC, March 1,
2022 /CNW/ - Western Forest Products Inc. (TSX: WEF)
("Western" or the "Company") announced today that Ms. Fiona Macfarlane has been appointed as an
independent director to Western's Board of Directors (the "Board").
With the appointment of Ms. Macfarlane, five new members will have
joined Western's Board in the past three years, which is consistent
with Western's ongoing Board renewal and succession process and
demonstrates Western's commitment to strong corporate governance
"I am pleased to welcome Ms. Macfarlane to the Board", said Mr.
Michael Waites, Chairman of Western.
"Her extensive skill set and expertise will further complement our
current Board members, and we are confident she will provide
valuable perspectives as we continue to execute on our strategy,
drive growth and build long-term shareholder value."
Ms. Macfarlane was previously the Managing Partner, British Columbia and Canada's Chief Inclusiveness Officer at Ernst
& Young (EY). She also led the EY Canada Tax practice and
served as COO of the Americas' Tax practice. Ms. Macfarlane has
extensive experience in government relations, legal, finance, tax
and accounting, as well as has been a champion on diversity, equity
and inclusion. Ms. Macfarlane holds the ICD.D designation granted
by the Institute of Corporate Directors and for her contributions
to the CPA profession, she was awarded an honorary CPA, CA. Ms.
Macfarlane holds a Bachelor of Laws and Bachelor of Commerce from
the University of Cape Town and a
Masters of Laws from Cambridge
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, in alignment with the
Company's Diversity, Equity and Inclusion Policy, 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 1.0 billion board feet from seven
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.
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 2021 Annual Report dated
February 16, 2022.
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SOURCE Western Forest Products Inc.