Western Forest Products Management
Management criteria checks 2/4
Western Forest Products' CEO is J. Hofer, appointed in Sep 2022, has a tenure of 2.75 years. total yearly compensation is CA$2.17M, comprised of 35.6% salary and 64.4% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth CA$265.13K. The average tenure of the management team and the board of directors is 6.4 years and 3.3 years respectively.
Key information
J. Hofer
Chief executive officer
CA$2.2m
Total compensation
| CEO salary percentage | 35.59% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 6.4yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
We Think Shareholders May Want To Consider A Review Of Western Forest Products Inc.'s (TSE:WEF) CEO Compensation Package
Apr 30
New Dry Kiln And AI Will Optimize Timber Operations
Operational enhancements and strategic investments in new technologies are set to boost efficiency, reduce costs, and increase earnings.Is Western Forest Products (TSE:WEF) Using Too Much Debt?
Feb 12Revenues Tell The Story For Western Forest Products Inc. (TSE:WEF)
Mar 21Western Forest Products' (TSE:WEF) Dividend Will Be CA$0.0125
May 09Western Forest Products (TSE:WEF) Is Due To Pay A Dividend Of CA$0.0125
Nov 10Western Forest Products (TSE:WEF) Has Announced A Dividend Of CA$0.0125
Aug 09Western Forest Products' (TSE:WEF) Shareholders Will Receive A Bigger Dividend Than Last Year
May 10Western Forest Products (TSE:WEF) Has Affirmed Its Dividend Of CA$0.01
Feb 22CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -CA$9m |
| Dec 31 2024 | CA$2m | CA$772k | -CA$30m |
| Sep 30 2024 | n/a | n/a | -CA$44m |
| Jun 30 2024 | n/a | n/a | -CA$42m |
| Mar 31 2024 | n/a | n/a | -CA$59m |
| Dec 31 2023 | CA$2m | CA$750k | -CA$68m |
| Sep 30 2023 | n/a | n/a | -CA$76m |
| Jun 30 2023 | n/a | n/a | -CA$52m |
| Mar 31 2023 | n/a | n/a | CA$7m |
| Dec 31 2022 | CA$3m | CA$239k | CA$62m |
Compensation vs Market: J.'s total compensation ($USD1.59M) is above average for companies of similar size in the Canadian market ($USD167.18K).
Compensation vs Earnings: J.'s compensation has increased whilst the company is unprofitable.
CEO
J. Hofer (55 yo)
Mr. J. Steven Hofer serves as President, Chief Executive Officer & Non-Independent Director at Western Forest Products Inc. since September 07, 2022. He served as Senior Vice President of U.S. Northwest Op...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$2.17m | 0.21% CA$ 265.1k | |
| Chief Financial Officer | less than a year | CA$1.06m | 0.064% CA$ 82.4k | |
| Senior VP | 9.1yrs | CA$922.88k | no data | |
| Senior Vice President of Sales | 6.4yrs | CA$1.30m | 0.015% CA$ 19.3k | |
| Senior Vice President of Human Resources & Corporate Affairs | 9.5yrs | CA$1.21m | 0.039% CA$ 50.2k | |
| Advisor | less than a year | CA$2.60m | 0.12% CA$ 149.8k | |
| Senior Director of Communications | no data | no data | no data | |
| Treasurer | 20.9yrs | no data | no data | |
| Vice President of Finance | no data | no data | 0.035% CA$ 44.6k |
Experienced Management: WEF's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$2.17m | 0.21% CA$ 265.1k | |
| Independent Director | 2.3yrs | CA$196.52k | 0.038% CA$ 48.6k | |
| Independent Director | 2.3yrs | CA$168.33k | 0.027% CA$ 34.6k | |
| Independent Director | 6.3yrs | CA$203.33k | 0.16% CA$ 202.5k | |
| Independent Director | 4.3yrs | CA$183.33k | 0.036% CA$ 46.0k | |
| Independent Chairman of the Board | 11.1yrs | CA$273.33k | 0.089% CA$ 114.1k | |
| Independent Director | 3.3yrs | CA$183.33k | 0.0063% CA$ 8.1k |
Experienced Board: WEF's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/09 03:59 |
| End of Day Share Price | 2025/06/09 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Western Forest Products Inc. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Kennedy | CIBC Capital Markets |
| Stephen Atkinson | Eight Capital |
| Daryl Swetlishoff | Raymond James Ltd. |