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Shepherd steps down as president/CEO of Canfor

April 2, 2007 - Canfor Corp. on Friday said that Jim Shepherd has tendered his resignation as the president and CEO of the company.

Shepherd has agreed to remain with the company to the end of the annual general meeting of shareholders to be held on May 4, 2007, Canfor said.

Peter Bentley, Chairman of the Board, said, "Jim accomplished many things during his tenure at Canfor. He was instrumental in the settlement of the softwood lumber dispute, which returned billions of dollars to the Canadian lumber industry. He has guided the company through difficult markets and operational challenges and has positioned Canfor to take advantage of growth opportunities by having one of the strongest balance sheets in the industry. On behalf of the Board of Directors and the employees of the company, I would like to thank Jim for his service and dedication to the company."

Shepherd was named president and CEO of Canfor in April 2004 following the combination of Canfor and Slocan Forest Products Ltd. Prior to that, Shepherd was the president and CEO of Slocan..

SOURCE: Canfor




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