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Canfor CEO Shepard to Retire in May

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Canfor Corp., Vancouver, B.C., Canada, has announced that James F. Shepard, president and CEO, has decided to retire at the company's next annual general meeting of shareholders, currently scheduled for May 5.

Ronald Cliff, chairman of the board noted that "Jim has decided to return to retirement after four years as president and CEO of the company. During that time he has lead the company through extremely difficult economic times and leaves the company in a strong financial position. The entire board is appreciative of Jim's contribution, leadership, and guidance."

Don Kayne has been appointed by the board to replace Shepard as president and CEO following the annual general meeting of shareholders. Kayne has been with the company for more than 32 years and has held various positions within the company. He is currently VP of Wood Products Marketing and Sales.


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