Western Forest Products Inc.

TSX:WEF Stock Report

Market Cap: CA$158.4m

Western Forest Products Management

Management criteria checks 2/4

Western Forest Products' CEO is J. Hofer, appointed in Sep 2022, has a tenure of 2.17 years. total yearly compensation is CA$1.88M, comprised of 39.9% salary and 60.1% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth CA$327.32K. The average tenure of the management team and the board of directors is 5.8 years and 2.7 years respectively.

Key information

J. Hofer

Chief executive officer

CA$1.9m

Total compensation

CEO salary percentage39.9%
CEO tenure2.2yrs
CEO ownership0.2%
Management average tenure5.8yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Revenues Tell The Story For Western Forest Products Inc. (TSE:WEF)

Mar 21
Revenues Tell The Story For Western Forest Products Inc. (TSE:WEF)

Western Forest Products' (TSE:WEF) Dividend Will Be CA$0.0125

May 09
Western Forest Products' (TSE:WEF) Dividend Will Be CA$0.0125

Western Forest Products (TSE:WEF) Is Due To Pay A Dividend Of CA$0.0125

Nov 10
Western Forest Products (TSE:WEF) Is Due To Pay A Dividend Of CA$0.0125

Western Forest Products (TSE:WEF) Has Announced A Dividend Of CA$0.0125

Aug 09
Western Forest Products (TSE:WEF) Has Announced A Dividend Of CA$0.0125

Western Forest Products' (TSE:WEF) Shareholders Will Receive A Bigger Dividend Than Last Year

May 10
Western Forest Products' (TSE:WEF) Shareholders Will Receive A Bigger Dividend Than Last Year

Western Forest Products (TSE:WEF) Has Affirmed Its Dividend Of CA$0.01

Feb 22
Western Forest Products (TSE:WEF) Has Affirmed Its Dividend Of CA$0.01

Are Western Forest Products Inc. (TSE:WEF) Investors Paying Above The Intrinsic Value?

Nov 05
Are Western Forest Products Inc. (TSE:WEF) Investors Paying Above The Intrinsic Value?

Western Forest Products (TSE:WEF) Has A Pretty Healthy Balance Sheet

Jul 19
Western Forest Products (TSE:WEF) Has A Pretty Healthy Balance Sheet

CEO Compensation Analysis

How has J. Hofer's remuneration changed compared to Western Forest Products's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-CA$42m

Mar 31 2024n/an/a

-CA$59m

Dec 31 2023CA$2mCA$750k

-CA$68m

Sep 30 2023n/an/a

-CA$76m

Jun 30 2023n/an/a

-CA$52m

Mar 31 2023n/an/a

CA$7m

Dec 31 2022CA$3mCA$239k

CA$62m

Compensation vs Market: J.'s total compensation ($USD1.36M) is above average for companies of similar size in the Canadian market ($USD172.63K).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.


CEO

J. Hofer (54 yo)

2.2yrs

Tenure

CA$1,879,319

Compensation

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

NamePositionTenureCompensationOwnership
J. Hofer
President2.2yrsCA$1.88m0.21%
CA$ 327.3k
Alyce Harper
VP, General Counsel & Corporate Secretary8.5yrsCA$605.77kno data
Bruce Alexander
Senior Vice President of Sales5.8yrsCA$837.78k0.015%
CA$ 23.8k
Jennifer Foster
Senior Vice President of Human Resources & Corporate Affairs8.9yrsCA$762.61k0.039%
CA$ 62.0k
Stephen Williams
Executive Vice Presidentless than a yearCA$1.19m0.12%
CA$ 185.0k
Glen Nontell
Chief Financial Officerless than a yearno data0.064%
CA$ 101.8k
Babita Khunkhun
Senior Director of Communicationsno datano datano data
Morris Mandziuk
Treasurer20.3yrsno datano data

5.8yrs

Average Tenure

Experienced Management: WEF's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Hofer
President2.2yrsCA$1.88m0.21%
CA$ 327.3k
Noordin Nanji
Independent Director1.8yrsCA$149.80k0.038%
CA$ 60.0k
Peter Wijnbergen
Independent Director1.8yrsCA$140.47k0.027%
CA$ 42.7k
Laura Cillis
Independent Director5.7yrsCA$192.94k0.15%
CA$ 237.5k
Randy Krotowski
Independent Director3.7yrsCA$179.79k0.036%
CA$ 56.8k
Daniel Nocente
Independent Chairman of the Board10.5yrsCA$261.33k0.089%
CA$ 140.9k
Fiona Macfarlane
Independent Director2.7yrsCA$173.83k0.0063%
CA$ 10.0k

2.7yrs

Average Tenure

64yo

Average Age

Experienced Board: WEF's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.