West Fraser's CEO plans to retire in 2019

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West Fraser Timber announced Ted Seraphim’s plan to retire as CEO at the end of 2Q2019. Also, West Fraser announced the appointment of Ray Ferris, Executive Vice-President and Chief Operating Officer, as President and Chief Operating Officer effective immediately. Ray will be appointed Chief Executive Officer upon Ted’s retirement next year.

Ray Ferris has been with the Company since 1997 and has progressed through a series of key leadership roles. He was appointed West Fraser’s Executive Vice-President and COO in 2016 and before that served in several executive positions including as Vice-President, Wood Products, Vice-President, Solid Wood and Vice-President, Lumber Operations. He holds an engineering degree and has extensive manufacturing experience in the forest industry.

Hank Ketcham, Chairman of West Fraser’s Board of Directors, commented: “This is an important step in the implementation of our CEO succession plan. Ray has worked closely with Ted for many years and has demonstrated tremendous leadership in executing our operating and capital plans.”

About West Fraser Timber:

The company is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.

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