VANCOUVER, BC, July 22,
2024 /CNW/ - John
Baird, Chairman of the Canfor Corporation (TSX:
CFP) Board of Directors, announced today that Don Kayne, President and Chief Executive
Officer, plans to retire at the end of the year.
Mr. Kayne has been with Canfor for 46 years and has held the
position of President and Chief Executive Officer since 2011. Under
his leadership, the Company has grown and transformed from its
British Columbia roots into a
global entity with operations in Alberta, the United
States and Sweden. As a
respected industry leader, he has been a constant champion for the
forest products sector, serving in a variety of industry roles
including Chair of the Forest Products Association of Canada, the BC Council of Forest Industries
and the Bi-national Softwood Lumber Board.
Today, Canfor is also announcing the appointment of Susan Yurkovich as the Company's next Chief
Executive Officer. Currently serving as Canfor's Senior Vice
President of Global Business Development, Ms. Yurkovich brings
three decades of experience working in the natural resources sector
to the role, 12 of those years with Canfor. She has served in
executive roles in both forestry and energy including as President
and CEO of the BC Council of Forest Industries and Executive Vice
President at BC Hydro.
"On behalf of the Board of Directors, I would like to express
our sincere gratitude to Don for his extraordinary contributions
and commitment over many decades at Canfor," said John Baird. "As we transition to new leadership
under Susan, I am confident we will continue to build on our global
operating platform, while advancing new opportunities to innovate
and expand our product offerings."
Ms. Yurkovich's appointment as CEO will take effect January 1, 2025. Mr. Kayne will continue in an
advisory capacity through 2025.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Corporation
Canfor is a global leader in the manufacturing of high-value
low-carbon forest products including dimension and specialty
lumber, engineered wood products, pulp and paper, wood pellets and
green energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces
renewable products from sustainably managed forests, at more than
50 facilities across its diversified operating platform in
Canada, the United States and Europe. The Company has a 70% stake in Vida
AB, Sweden's largest privately
owned sawmill company and also owns a 54.8% interest in Canfor Pulp
Products Inc. Canfor shares are traded on The Toronto Stock
Exchange under the symbol CFP. For more information visit
canfor.com.
SOURCE Canfor Corporation