Canfor announces appointment of interim CEO and the termination of shareholders rights plan

May 07, 2007. /Lesprom Network/. Canfor Corporation announced on May 4, 2007 that the board of directors has appointed James F. Shepard as interim president and chief executive officer of the company. Mr. Bentley, chairman of Canfor, stated, “The board is pleased to have an experienced CEO such as Mr. Shepard to take the reins of the company and provide guidance during this transition as we move the company forward.” The board has initiated a process to search for a permanent president and CEO. Mr. Shepard is the former chief executive officer and chairman of the board of Finning International Inc. Mr. Shepard also served as chairman of the board of MacDonald Dettwiler and Associates, vice-chairman of the conference board of Canada, vice-chairman of the Business Council on National Issues, honorary chairman of Leadership Vancouver and is the past chairman of the executive committee for the Business Council of B.C. Mr. Shepard is chairman of the board of directors of OncoGenex Technologies Inc., a director of Imperial Oil Limited and initial chairman of the cabinet of the business laureates of the B.C. Hall of Fame. The company also announced that the shareholder rights plan did not receive sufficient votes for approval at the annual general meeting held on May 4 and accordingly the plan terminated at the conclusion of the AGM. Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with interests in 33 facilities in BC, Alberta, Quebec, Washington state, and North and South Carolina. The company is the largest producer of softwood lumber in Canada while also producing OSB, plywood, remanufactured lumber products and specialized wood products. Canfor shares are traded on the Toronto Stock Exchange.