Western Forest Products Announces Senior Management Change
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Western Forest Products Inc., Vancouver, B.C., Canada, reports that CFO Brian Cairo has announced his intention to step down from his position with the company. Cairo will stay on in an advisory capacity until November 30 to ensure an orderly transition. The company’s board of directors recognized Cairo and the outstanding contribution he has made during his eight years with Western.
Cairo was appointed to the position of CFO and corporate secretary in March 2010. Since joining Western in 2006, he has held a number of positions, including SVP of finance. "I thank Brian for his dedication to Western," said Don Demens, president and CEO of Western. "He has been instrumental in the completion of Western's operational turnaround and the restoration of our balance sheet."
The board announced the appointment of Stephen (Steve) Williams to SVP, CFO, and corporate secretary, effective October 31. Williams, a chartered accountant, worked at Western since May 2014, assisting with the implementation of Western's strategic initiatives to improve operational efficiencies across the company. He has more than 20 years of experience in the forestry industry, and previously served as the VP of finance and administration at Interfor Corp.
"I look forward to working with Steve and his finance team as we optimize our business to deliver long-term value for our shareholders," Demens said. "Western remains well-positioned to capitalize on improving markets as we move forward with our strategic capital plan.
