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    WFG   CA9528451052

WEST FRASER TIMBER CO. LTD.

(WFG)
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West Fraser Timber : ANNOUNCES SENIOR LEADERSHIP CHANGES - Form 6-K

12/07/2021 | 05:22pm EST

WEST FRASER ANNOUNCES SENIOR LEADERSHIP CHANGES

VANCOUVER, B.C., December 7, 2021 - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today the following management changes:

Sean McLaren, currently the Company's President, Solid Wood, will become the Company's Chief Operating Officer,

Kevin Burke, currently the Company's Vice-President, North American Engineered Wood Products and Renewable Energy, will become the Company's Senior Vice-President, Wood Products,

Keith Carter, currently the Company's Vice-President, Western Canada Operations, will become the Company's Senior Vice-President, Western Canada and,

Alan McMeekin, currently the Company's Vice-President, European Engineered Wood Products, will become the Company's Senior Vice-President, Europe.

"These changes further strengthen our management capacity and prepare us for continued success. I am delighted that each of these senior leaders has agreed to take on additional responsibilities within the company," said Ray Ferris, President and Chief Executive Officer.

About West Fraser

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

Forward-Looking Statements

This news release contains forward-looking information or forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws, including those relating to changes in the Company's management. Any such forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us considering our experience and our perception of historical trends and current conditions. Readers should also refer to the risk factors set forth in the Company's annual information form and management's discussion and analysis for the year ended December 31, 2020, each dated February 11, 2021, available at SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml). There can be no assurance that the plans, intentions, or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders.

For More Information

Investor Contact

Robert B. Winslow, CFA

Director, Investor Relations & Corporate Development

Tel. (416) 777-4426

shareholder@westfraser.com

Media Contact

Heather Colpitts

Director, Corporate Affairs

Tel. (416) 643-8838

shareholder@westfraser.com

Disclaimer

West Fraser Timber Co. Ltd. published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 22:21:09 UTC.


ę Publicnow 2021
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Financials
Sales 2021 13 148 M 10 466 M 10 466 M
Net income 2021 3 517 M 2 800 M 2 800 M
Net cash 2021 1 005 M 800 M 800 M
P/E ratio 2021 3,60x
Yield 2021 0,75%
Capitalization 13 049 M 10 400 M 10 387 M
EV / Sales 2021 0,92x
EV / Sales 2022 1,12x
Nbr of Employees 11 000
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Technical analysis trends WEST FRASER TIMBER CO. LTD.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 122,10 CAD
Average target price 156,22 CAD
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Raymond W. Ferris President, Chief Executive Officer & Director
Christopher Andrew Virostek Chief Financial Officer & Vice President-Finance
Henry Holman Ketcham Chairman
Chuck Watkins Vice President-Capital & Technology
Sean P. McLaren Chief Operating Officer
Sector and Competitors