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West Fraser Timber Co Ltd (WFT.TO)

WFT.TO on Toronto Stock Exchange

61.79CAD
30 Oct 2020
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Summary

Name Age Since Current Position

Henry Ketcham

70 2016 Non-Executive Independent Chairman of the Board

Raymond Ferris

57 2019 President, Chief Executive Officer, Director

Christopher Virostek

40 2018 Chief Financial Officer, Vice President - Finance

Christopher McIver

2016 Vice President - Sales and Marketing

Brian Balkwill

2018 Vice President - Canadian Wood Products

Keith Carter

2016 Vice President - Pulp and Energy Operations

Larry Gardner

2016 Vice President - Canadian Woodlands

James Gorman

2015 Vice President - Corporate and Government Relations

D'Arcy Henderson

2019 Vice President - Canadian Woodlands Operations

Sean McLaren

2016 Vice President - U.S. Lumber

Charles Watkins

2020 Vice President - Capital and Technology

Tom Theodorakis

2019 Secretary

Robert Phillips

69 2008 Lead Independent Director

Reid Carter

63 2016 Independent Director

John Floren

61 2016 Independent Director

Brian Kenning

70 2017 Independent Director

John Ketcham

58 2015 Independent Director

Gerald Miller

65 2012 Independent Director

Janice Rennie

63 2004 Independent Director

Gillian Winckler

57 2017 Independent Director

Biographies

Name Description

Henry Ketcham

Mr. Henry Holman Ketcham serves as Non-Executive Independent Chairman of the Board of the Company. He is our Chairman of the Board. Mr. Ketcham was our President until April 2012 and retired from the position of Chief Executive Officer effective March 1, 2013 when his title as Chairman of our Board was re-designated as Executive Chairman. Effective April 19, 2016 he became our Chairman of the Board. He is also a director and shareholder of Ketcham Investments, Inc., which owns 5,662,718 Common shares and 1,743,228 Class B Common shares of the Company. Mr. Ketcham has been actively involved with the Company since 1973. He was formerly a director of The Toronto-Dominion Bank.

Raymond Ferris

Mr. Raymond W. Ferris serves as President, Chief Executive Officer, Director of the Company. Mr. Ferris holds a Bachelor of Science Degree in Engineering from the University of New Brunswick. He is our President and will be appointed our Chief Executive Officer on Ted Seraphim’s retirement as our Chief Executive Officer. Before April 19, 2018, Mr. Ferris was our Executive Vice-President and Chief Operating Officer and before February 15, 2016 he was our Vice-President, Wood Products. On April 19, 2018 the Company announced a senior leadership transition plan and Mr. Ferris replaced Mr. Seraphim as President of the Company. Mr. Seraphim is expected to retire as Chief Executive Officer of the Company at the end of the second quarter of 2019 to be replaced by Mr. Ferris in that role.

Christopher Virostek

Mr. Christopher A. Virostek serves as Chief Financial Officer, Vice President - Finance of the Company. Mr. Virostek is a chartered professional accountant (CA) and has held a number of senior financial roles at Masonite International Corp. since 2002, most recently as senior vice-president of strategy and corporate development.

Christopher McIver

Mr. Christopher D. McIver serves as Vice President - Sales and Marketing of the Company. From January 2005 to December 2005 was Lumber Sales Manager and before January 2005 was MDF Operations Manager.

Brian Balkwill

Mr. Brian Allen Balkwill serves as Vice President - Canadian Wood Products of the Company. Mr. Brian Balkwill, who before July 1, 2018 was our Vice-President, Canadian Lumber, before February 15, 2016 was our General Manager, Canadian Lumber and before December 1, 2014 was our General Manager, Engineered Wood.

Keith Carter

Mr. Keith Darren Carter serves as Vice President - Pulp and Energy Operations of the Company. Mr. Keith Carter, who before February 15, 2016 was our General Manager, Pulp Operations, before September 1, 2014 was our Operations Manager, Mechanical Pulp and before February 1, 2014 was our General Manager, Quesnel River Pulp.

Larry Gardner

Mr. Larry Earl Gardner serves as Vice President - Canadian Woodlands of the Company. Mr. Larry Gardner, who before February 16, 2016 was our General Manager, Canadian Woodlands and before December 1, 2014 was our Chief Forester, B.C.

James Gorman

Mr. James William Gorman serves as Vice President - Corporate and Government Relations of the Company. Mr. Gorman will join West Fraser after having served as President and Chief Executive Officer of the Council of Forest Industries since 2013. Prior to joining COFI, Mr. Gorman served in a number of senior leadership roles with the Government of British Columbia.

D'Arcy Henderson

Mr. D'Arcy Robert Henderson serves as Vice President - Canadian Woodlands Operations of the Company. Mr. D’Arcy Henderson, who before December 10, 2019 was our General Manager, Canadian Woodlands and before September 23, 2019 was our Cariboo Regional Manager.

Sean McLaren

Mr. Sean P. McLaren serves as Vice President - U.S. Lumber of the Company. Mr. Sean was previously General Manager, Wood Products for the Company's U.S. operations. Sean will continue to be situated at the Company's U.S. regional office in Memphis, Tennessee.

Charles Watkins

Mr. Charles Henry Watkins Jr. serves as Vice President - Capital and Technology of the Company. Mr. Charles Watkins, who before February 11, 2020 was Vice-President, U.S. Lumber Manufacturing, before February 15, 2016 was our General Manager, U.S. Lumber Manufacturing and before August 18, 2015 was our Regional Manager, U.S. Lumber.

Tom Theodorakis

Robert Phillips

Mr. Robert Lawrence Phillips serves as Lead Independent Director of the Company. Mr. Phillips holds a B.Sc. (Chemical Engineering) and an LL.B., both from the University of Alberta. Before July 2004, he was President and Chief Executive Officer of the BCR Group of Companies, which was involved in rail transportation and marine terminal operations. Before joining BCR, he was Executive Vice-President, Business Development and Strategy for MacMillan Bloedel Limited, and has held the position of President and Chief Executive Officer of the PTI Group Inc. and Dreco Energy Services Ltd. He was appointed Queen’s Counsel in Alberta in 1991. He is a director of the following public corporations: Canadian National Railway Company, Capital Power Corporation and Canadian Western Bank. On December 31, 2018, Mr. Phillips retired as the Chairman and a director of Maxar Technologies Ltd. (formerly known as MacDonald Dettwiler & Associates Ltd.) and, on January 1, 2019, became a director of Maxar Technologies Inc., its new U.S. parent company. Mr. Phillips has indicated that he will be retiring from the board of Maxar Technologies Inc. in May 2020 (see “Our Corporate Governance Policies and Procedures – Serving on Other Boards” on page 47).

Reid Carter

Mr. Reid Ewart Carter serves as Independent Director of the Company. He is a corporate director. From 2003 to the end of 2018, Mr. Carter was a Managing Partner at Brookfield Asset Management, Inc., a global asset manager, and was President of Brookfield Timberlands Management LP. In this role, Mr. Carter led the acquisition of approximately 3.5 million acres of private timberlands throughout North America and Brazil as well as the teams responsible for all growth and operations aspects of these businesses. Mr. Carter also served as President and Chief Executive Officer of Acadian Timber Corp. from 2010 to 2015 and its predecessor, Acadian Timber Income Fund, from 2006 to 2010, and currently serves as a director of Acadian Timber Corp. He served as National Bank Financial’s Paper and Forest Products Analyst between 1996 and 2003. Between 1990 and 1996 he served as a resource analyst with TimberWest Forest Corp. Mr. Carter served as a director of Enercare Inc. until the end of 2019. Mr. Carter holds a combined undergraduate degree in Forestry and Biology and a master’s degree in Forest Soils, both from the University of British Columbia.

John Floren

Mr. John N. Floren serves as Independent Director of the Company. He has been President and Chief Executive Officer of Methanex Corporation since January 2013. Prior to this appointment, Mr. Floren was Senior Vice President, Global Marketing and Logistics of Methanex from June 2005 and, prior to that, Director, Marketing and Logistics, North America from May 2002. He has been an employee of Methanex for approximately 20 years and has worked in the chemical industry for over 30 years. He currently serves as a director of Methanex whose shares are listed for trading on the Toronto Stock Exchange. Mr. Floren holds a Bachelor of Arts in Economics from the University of Manitoba. He also attended the Harvard Business School’s Program for Management Development and has attended the International Executive Program at INSEAD. He also completed the Directors Education Program at the Institute of Corporate Directors.

Brian Kenning

Mr. Brian G. Kenning serves as Independent Director of the Company. He is a corporate director. He was a Managing Partner of Brookfield Asset Management, a company involved in the real estate, asset management and power generation sectors, from 1995 to 2005. From 1988 to 2005, Mr. Kenning was also Chairman and Managing Partner of B.C. Pacific Capital Corporation, a Brookfield affiliate active in merchant banking and investing. Over the past ten years, Mr. Kenning has served as Director of a number of public and private corporations. He had served as a director of British Columbia Ferry Services Inc. until May 2019 and had served as a director of Maxar Technologies Ltd. from 2003 to 2019. In addition, Mr. Kenning is a past Governor of the B.C. Business Council and a past Director of the B.C. chapter of the Institute of Corporate Directors. Mr. Kenning graduated from Queen’s University with an MBA in 1973.

John Ketcham

Mr. John K. Ketcham serves as Independent Director of the Company. He is a graduate of Tufts University and is currently a real estate developer in Los Angeles. Mr. Ketcham currently owns or controls a total of 991,100 of our Common shares. Previously Mr. Ketcham was a film producer (The Hurricane, starring Denzel Washington) and director. From 1985 to 1992 Mr. Ketcham was a television reporter in Vancouver, B.C.

Gerald Miller

Mr. Gerald J. Miller serves as Independent Director of the Company. He holds a Bachelor of Commerce Degree from the University of B.C. He is a Chartered Professional Accountant who retired from West Fraser on July 31, 2011 after a 25-year career. Mr. Miller was a key member of West Fraser’s senior executive team and served in a number of executive positions including as Executive Vice-President, Pulp & Paper, Executive Vice-President, Operations and Executive Vice-President, Finance and Chief Financial Officer, the position that he held at the time of his retirement. Mr. Miller is also a trustee of Granite Real Estate Investment Trust and a director of Granite REIT Inc.

Janice Rennie

Ms. Janice Gaye Rennie serves as Independent Director of the Company. Ms. Rennie earned a Bachelor of Commerce Degree from the University of Alberta. She is a Fellow Chartered Accountant and a Fellow of the Institute of Corporate Directors and is currently a corporate director. From September 7, 2004 to September 9, 2005 she was the Senior Vice-President, Human Resources and Organizational Effectiveness of EPCOR Utilities Inc., a provider of energy, water and energy-related services and products that is solely owned by the City of Edmonton, on whose board she previously served for over 10 years and rejoined as a director in 2017 and currently serves as the Chair of its board. She is a director of the following public corporations: Major Drilling Group International Inc. and Methanex Corporation (see “Our Corporate Governance Policies and Procedures – Serving on Other Boards” on page 47). Ms. Rennie was formerly a director of Teck Resources Ltd. and West Jet Airlines Ltd.

Gillian Winckler

Ms. Gillian Dawn Winckler serves as Independent Director of the Company. Ms. Winckler is a former mining and business executive with over 25 years of diversified experience in the metals and mining industry and the financial sector. Ms. Winckler spent 16 years with BHP Billiton in London, England and Vancouver, Canada where she was involved with corporate and divisional strategy, mergers and acquisitions, divestments, exploration as well as project evaluation and development. Upon leaving the company she joined Coalspur Limited, a thermal coal development company listed in Canada and Australia, as its Chief Executive Officer and President. Ms. Winckler held this position, as well as Chief Financial Officer for a brief period, for three years until the company was acquired in June 2015. Prior to the mining industry, Ms. Winckler spent five years as a corporate financier in South Africa and London and five years in the auditing profession. Ms. Winckler is a Chartered Accountant (South Africa), with a BSc and BComm (Hons) obtained in South Africa. Ms. Winckler currently is a director of Pan American Silver Corp., whose common shares are listed for trading on the Toronto Stock Exchange and The NASDAQ Stock Market, and a director of FLSmidth & Co. A/S, a Danish engineering company whose shares are listed on The NASDAQ OMX Exchange Copenhagen.