Trading Symbol: Toronto Stock Exchange – HDI
LANGLEY, BC, June 14, 2021 /CNW/ - Hardwoods Distribution
Inc. ("HDI" or the "Company") today announced
the resignation of Lawrence Sauder
and Bill Sauder from the Company's
Board of Directors (the "Board"). As the Company continues
to expand the scope of its operations, Lawrence and Bill have
determined that it would be appropriate to step down from the Board
in order to avoid any potential for a conflict of interest between
their role as directors of the Company and their family business
that operates in business lines adjacent to the Company.
Rob Brown, Chief Executive
Officer and President of HDI said, "We thank both Lawrence and Bill
for their long-term service to HDI. They have made significant
contributions to our growth to become one of North America's largest wholesale distributors
of architectural grade building products to the residential, repair
and remodel and commercial construction sectors."
Lawrence Sauder commented that,
"We are proud to have played a role in the Company's development."
Bill Sauder added, "We thank HDI's
management for what has been a great relationship and we look
forward to watching the Company's continued growth and
success."
Graham Wilson, who has been a
director of HDI since 2004, will become the Chair of the Board
effective immediately.
About HDI
HDI is one of North America's
largest distributor of architectural grade building products. The
Company operates a network of 70 distribution centers in the U.S.
and Canada distributing products
to customers that supply the residential, repair and remodel, and
commercial construction markets.
SOURCE Hardwoods Distribution Inc.