Interfor Corporation announced that John Horning, Interfor’s CEO who intends to retire on December 31, 2018, has advised the Company of his intention to sell, subject to market conditions, a portion of his Interfor shareholdings over the next 14 months for financial planning purposes.
Mr. Horning currently has a total of 254,600 shares and deferred share units. As outlined in the Company’s Information Circular dated March 15, 2017, Mr. Horning has a share ownership requirement of two times his base salary, which he will continue to exceed following any sale of shares outlined herein.
Interfor is a growth-oriented lumber company with operations in Canada and the United States.
