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Western Forest Products Inc. Announces Election of Directors

Western Forest Products Inc.Western Forest Products Inc.

Western Forest Products Inc.

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the results of the following vote regarding the election of directors at its annual meeting Meeting of shareholders (the “Meeting”) held today:

Candidate Name

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 a.m.

%

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 Board of Directors of the Company has established its Board Committees as summarized below. All board committee members are 100% independent.

Audit
Committee

Environmental,
Health and security
Committee

Management resource
and remuneration
Committee

Appointment 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 the voting results on all resolutions voted on at the meeting at https://www.sedarplus.ca.

About Western Forest Products Inc.

Western is an integrated forest products company developing a margin-driven log and lumber business to successfully compete in global lumber markets. With operations and employees located primarily in coastal British Columbia and Washington State, Western is a leading supplier of high-value specialty forest products to global markets. Western has a lumber production capacity of 885 million board feet from six sawmills and operates four processing facilities and two glulam manufacturing facilities. The company sources its timber from its private lands, long-term permits, agreements with First Nations and market purchases. Western supplements its production with a wholesale program offering its customers a full line of specialty products.

For more information, please contact:

Stephen Williams
Executive Vice President and Chief Financial Officer
(604) 648-4500