Subjects: ANNUAL MEETINGS, BOARD OF DIRECTORS
Western Forest Products Inc. Announces Election of Directors
VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announces the following voting results in respect of the election of directors at its Annual Meeting of Shareholders (the "Meeting") held today:
| Name of Nominee | Votes For | % For | Votes Against | % Against | ||
| Laura A. Cillis | 187,242,637 | 88.96 | % | 23,246,588 | 11.04 | % |
| Steven Hofer | 192,441,538 | 91.43 | % | 18,047,687 | 8.57 | % |
| Randy Krotowski | 181,115,058 | 86.04 | % | 29,374,167 | 13.96 | % |
| Fiona Macfarlane | 188,112,005 | 89.37 | % | 22,377,220 | 10.63 | % |
| Noordin Nanji | 148,874,239 | 70.73 | % | 61,614,986 | 29.27 | % |
| Daniel Nocente | 188,187,630 | 89.40 | % | 22,301,595 | 10.60 | % |
| Peter Wijnbergen | 191,681,996 | 91.06 | % | 18,807,229 | 8.94 | % |
The total number of shares represented by shareholders in person and by proxy at the Meeting was 214,125,976, representing 67.60% of the Company's outstanding shares.
As part of best governance practices, the Company's Board of Directors has constituted its Board Committees as summarized below. All members of the Board Committees are 100% independent.
| Audit Committee | Environmental, Health and Safety Committee | Management Resource and Compensation Committee | Nominating and Corporate Governance Committee |
| Laura A. Cillis (Chair) | Randy Krotowski (Chair) | Fiona Macfarlane (Chair) | Noordin Nanji (Chair) |
| Randy Krotowski | Fiona Macfarlane | Peter Wijnbergen | Laura A. Cillis |
| Peter Wijnbergen | Noordin Nanji | Randy Krotowski | Fiona Macfarlane |
The Company has also filed a report of voting results on all resolutions voted on at the Meeting on https://www.sedarplus.ca.
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 of 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing 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.
For further information, please contact:
Stephen Williams
Executive Vice President & Chief Financial Officer
(604) 648-4500
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