VANCOUVER, BC, June 15, 2021 /CNW/ - Canfor Corporation
(TSX: CFP) and Canfor Pulp Products Inc. (TSX: CFX) are pleased to
announce the appointment of the companies' newest board member,
Sandra Stuart.
"We welcome Sandra to both Canfor and Canfor Pulp's boards and
are excited about the knowledge and diverse background Sandra will
bring to our teams," said Don Kayne,
CEO of Canfor Corporation and Canfor Pulp. "Sandra's extensive
experience on a global scale will be extremely valuable as we
pursue Canfor's vision of being the most innovative and sustainable
global resource company."
Ms. Stuart was the first female CEO of a major bank in
Canada and has an international
banking career spanning 40 years and three countries. Sandra serves
on the boards of HSBC Trinkaus & Burkhardt, Belkorp Industries
Inc. and DRI Healthcare Trust. She is the former Executive
Director, Group General Manager and President and CEO of HSBC Bank
of Canada and has held
progressively senior banking roles in Canada and abroad, including in the United States and Brazil. She has also served on the boards of
HSBC Bank of Canada and as the
Chair of the Board for HSBC Global Asset Management (Canada) Limited. Sandra has been active in her
community serving as a member of the Business Council of
Canada and Governor of the
Business Council of British
Columbia. She has been a member of the Board of Governors of
Pathways to Education Canada, a member of the University of British Columbia's (UBC) Sauder School of Business Faculty Advisory Board
and the Leadership Co-Chair for the United Way of the Lower
Mainland. Sandra has been recognized by the Association of Women in
Finance for Excellence in the Private Sector, acknowledged as one
of British Columbia's Most
Influential Women by BC Business and the Women's Executive Network
awarded her the inaugural Deloitte Inclusion Vanguard Award and
recognized her as one of Canada's
Most Powerful Women (Top 100). Sandra is also a Catalyst Canada
Honours Champion recognizing her transformation contributions to
workplace inclusion and inclusive leadership.
"Sandra is a well-respected and admired leader and we look
forward to drawing upon her vast experience," said the Honourable
John R. Baird, Chairman of Canfor Corporation and Canfor Pulp
Products Inc. "I am confident that her strong voice will make a
positive impact on our companies."
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 leading integrated forest products company based
in Vancouver, British Columbia
("BC") with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas, as well as in Sweden with its majority acquisition of Vida
Group. Canfor produces primarily softwood lumber and also
owns a 54.8% interest in Canfor Pulp Products Inc., which is one of
the largest global producers of market Northern Bleached Softwood
Kraft Pulp and a leading producer of high performance kraft paper.
Canfor shares are traded on The Toronto Stock Exchange under the
symbol CFP. For more information visit
canfor.com.
About Canfor Pulp Products Inc.
Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a
leading global supplier of pulp and paper products with operations
in the central interior of British
Columbia ("BC") employing approximately 1,300 people
throughout the organization. Canfor Pulp owns and operates three
mills in Prince George, BC with a
total capacity of 1.1 million tonnes of Premium Reinforcing
Northern Bleached Softwood Kraft ("NBSK") Pulp and 140,000 tonnes
of kraft paper, as well as one mill in Taylor, BC with an annual production capacity
of 230,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp
("BCTMP"). Canfor Pulp is the largest North American and one
of the largest global producers of market northern softwood kraft
pulp. CPPI shares are traded on the Toronto Stock Exchange
under the symbol CFX. For more information visit
canfor.com.
SOURCE Canfor Pulp Products Inc.