Interfor Management

Management criteria checks 3/4

Interfor's CEO is Ian Fillinger, appointed in Jan 2020, has a tenure of 4.83 years. total yearly compensation is CA$4.39M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €1.36M. The average tenure of the management team and the board of directors is 4.3 years and 5.4 years respectively.

Key information

Ian Fillinger

Chief executive officer

CA$4.4m

Total compensation

CEO salary percentage	18.8%
CEO tenure	4.8yrs
CEO ownership	0.2%
Management average tenure	4.3yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ian Fillinger's remuneration changed compared to Interfor's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-CA$423m
Jun 30 2024	n/a	n/a	-CA$360m
Mar 31 2024	n/a	n/a	-CA$298m
Dec 31 2023	CA$4m	CA$824k	-CA$267m
Sep 30 2023	n/a	n/a	-CA$170m
Jun 30 2023	n/a	n/a	-CA$124m
Mar 31 2023	n/a	n/a	CA$160m
Dec 31 2022	CA$5m	CA$803k	CA$598m
Sep 30 2022	n/a	n/a	CA$740m
Jun 30 2022	n/a	n/a	CA$802m
Mar 31 2022	n/a	n/a	CA$952m
Dec 31 2021	CA$4m	CA$754k	CA$819m
Sep 30 2021	n/a	n/a	CA$899m
Jun 30 2021	n/a	n/a	CA$954m
Mar 31 2021	n/a	n/a	CA$538m
Dec 31 2020	CA$3m	CA$675k	CA$280m
Sep 30 2020	n/a	n/a	CA$89m
Jun 30 2020	n/a	n/a	-CA$68m
Mar 31 2020	n/a	n/a	-CA$82m
Dec 31 2019	CA$1m	CA$450k	-CA$104m
Sep 30 2019	n/a	n/a	-CA$76m
Jun 30 2019	n/a	n/a	-CA$12m
Mar 31 2019	n/a	n/a	CA$63m
Dec 31 2018	CA$2m	CA$444k	CA$111m
Sep 30 2018	n/a	n/a	CA$161m
Jun 30 2018	n/a	n/a	CA$149m
Mar 31 2018	n/a	n/a	CA$110m
Dec 31 2017	CA$1m	CA$416k	CA$97m

Compensation vs Market: Ian's total compensation ($USD3.13M) is above average for companies of similar size in the German market ($USD1.46M).

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

CEO

Ian Fillinger (55 yo)

4.8yrs

Tenure

CA$4,385,499

Compensation

Mr. Ian M. Fillinger has been President, Chief Executive Officer and Director of Interfor Corporation (also known as International Forest Products Ltd) since January 1, 2020. Mr. Fillinger was Chief Operat...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ian Fillinger	President	4.8yrs	CA$4.39m	0.19% € 1.4m
Richard Pozzebon	Executive VP & CFO	4.3yrs	CA$1.90m	0.13% € 934.9k
Tim Hartnett	Senior Vice President of Human Resources	2.8yrs	CA$1.63m	0.0094% € 68.2k
Andrew Horahan	Executive Vice President of Canadian Operations	3.8yrs	CA$1.69m	0.036% € 263.9k
Simon Luxmoore	Executive Vice President of U.S. Operations	3.8yrs	CA$2.12m	0.093% € 673.8k
Xenia Kritsos	General Counsel & Corporate Secretary	9.2yrs	no data	0.020% € 146.6k
J. Bender	Senior Vice President of Sales & Marketing	9.6yrs	CA$1.84m	0.061% € 441.3k
Mike Mackay	Vice President of Corporate Development & Strategy	no data	no data	no data

4.3yrs

Average Tenure

Experienced Management: 8IF1's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ian Fillinger	President	4.8yrs	CA$4.39m	0.19% € 1.4m
Thomas Milroy	Independent Director	8.8yrs	CA$205.54k	0.039% € 282.8k
Curtis Stevens	Independent Director	6.5yrs	CA$201.43k	no data
J. McMillan	Independent Director	18.1yrs	CA$193.18k	no data
E. Sauder	Independent Chairman of the Board	40.6yrs	CA$320.54k	0.28% € 2.1m
Gillian Platt	Independent Director	8.1yrs	CA$187.04k	no data
Christopher Griffin	Independent Director	5.3yrs	CA$200.68k	no data
Rhonda Hunter	Independent Director	5.5yrs	CA$208.18k	no data
Christina Sistrunk	Independent Director	less than a year	no data	no data
Nicolle Butcher	Independent Director	1.5yrs	CA$114.69k	0.0018% € 12.9k
Thomas Temple	Independent Director	2.3yrs	CA$191.68k	0.0019% € 14.1k
Geoffrey Evans	Independent Director	1.1yrs	CA$34.33k	no data

5.4yrs

Average Tenure

67yo

Average Age

Experienced Board: 8IF1's board of directors are considered experienced (5.4 years average tenure).

Interfor Management

Management criteria checks 3/4

Key information

Recent management updates

Interfor Corporation Appoints Christina Sistrunk as Independent Director

Interfor Corporation, Annual General Meeting, May 09, 2024

Interfor Corporation Appoints Geoffrey Evans as Independent Director

Interfor Corporation Appoints Nicolle Butcher to its Board of Directors

Executive VP & CFO recently bought €54k worth of stock

Insufficient new directors

Recent updates

Les Chantiers Chibougamau Ltée agreed to acquire Three Manufacturing Facilities in Quebec from Interfor Corporation (TSX:IFP) for CAD 30 million.

Interfor to Exit Québec Operations

Interfor Corporation to Report Q3, 2024 Results on Nov 06, 2024

Interfor Corporation Announces Indefinite Curtailment of Lumber Manufacturing Facilities in Georgia and South Carolina

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: CA$1.47 loss per share (vs CA$0.27 loss in 2Q 2023)

Interfor Corporation to Report Q2, 2024 Results on Aug 08, 2024

Interfor Corporation to Report Q1, 2024 Results on May 09, 2024

Interfor Corporation Appoints Christina Sistrunk as Independent Director

Interfor Corporation, Annual General Meeting, May 09, 2024

Full year 2023 earnings released: CA$5.19 loss per share (vs CA$10.89 profit in FY 2022)

Interfor Corporation to Report Q4, 2023 Results on Feb 08, 2024

New minor risk - Share price stability

Third quarter 2023 earnings released: CA$0.82 loss per share (vs CA$0.065 profit in 3Q 2022)

Interfor Corporation Appoints Geoffrey Evans as Independent Director

Interfor Corporation to Report Q3, 2023 Results on Nov 02, 2023

New major risk - Financial position

Second quarter 2023 earnings released: CA$0.27 loss per share (vs CA$4.92 profit in 2Q 2022)

Interfor Corporation to Report Q2, 2023 Results on Aug 03, 2023

Interfor Corporation Appoints Nicolle Butcher to its Board of Directors

Executive VP & CFO recently bought €54k worth of stock

First quarter 2023 earnings released: CA$0.80 loss per share (vs CA$6.69 profit in 1Q 2022)

Insufficient new directors

Interfor Corporation, Annual General Meeting, May 04, 2023

Interfor Announces Temporary Production Curtailments in First Quarter of 2023

Interfor Corporation to Report Q4, 2022 Results on Feb 09, 2023

Interfor Corporation announced that it expects to receive $200 million in funding

Interfor Corporation Announces Temporary Production Curtailments in Fourth Quarter of 2022

Interfor Corporation to Report Q3, 2022 Results on Nov 03, 2022

Interfor Corporation (TSX:IFP) entered into an agreement to acquire Chaleur Forest Products from Kilmer Van Nostrand Co. Limited for approximately CAD 330 million.

Insider recently bought €273k worth of stock

Second quarter 2022 earnings released: EPS: CA$4.92 (vs CA$6.45 in 2Q 2021)

Interfor Corporation Appoints Tom Temple of Kingston, Washington as Director

Interfor Corporation (TSX:IFP) announces an Equity Buyback for CAD 100 million worth of its shares.

President recently bought €74k worth of stock

Interfor Corporation to Report Q2, 2022 Results on Aug 04, 2022

Senior VP & CFO recently bought €402k worth of stock

First quarter 2022 earnings released: EPS: CA$6.69 (vs CA$4.01 in 1Q 2021)

San Industries Ltd. entered into an agreement to acquire Acorn Specialty Sawmill from Interfor Corporation (TSX:IFP).

Interfor Corporation to Report Q1, 2022 Results on May 11, 2022

Senior Vice President recently bought €51k worth of stock

Interfor Corporation (TSX:IFP) completed the acquisition of Eacom Timber Corporation from Kelso & Company, L.P.

Interfor Corporation, Annual General Meeting, May 11, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Interfor Corporation (TSX:IFP) entered into an agreement to acquire Eacom Timber Corporation from Kelso & Company, L.P. for CAD 490 million.

Third quarter 2021 earnings released: EPS CA$1.05 (vs CA$1.81 in 3Q 2020)

Investor sentiment deteriorated over the past week

Insider recently sold €75k worth of stock

Interfor Corporation (TSX:IFP) entered into an agreement to acquire Sawmill Operations located in United States from Georgia-Pacific Wood Products LLC and GP Wood Products LLC for approximately $380 million.

Interfor Corporation Declares One-Time Special Cash Dividend, Payable on or Before June 28, 2021

First quarter 2021 earnings released: EPS CA$4.01 (vs CA$0.094 in 1Q 2020)

Investor sentiment improved over the past week

President recently bought €50k worth of stock

Interfor Corporation (TSX:IFP) completed the acquisition of South Carolina Sawmill from WestRock Company (NYSE:WRK).

Independent Chairman of the Board recently sold €2.1m worth of stock

Independent Director recently sold €177k worth of stock

New 90-day high: €18.90

Interfor Corporation, Annual General Meeting, May 06, 2021

Interfor Corporation (TSX:IFP) signed a definitive agreement to acquire South Carolina Sawmill from WestRock Company (NYSE:WRK) for $59 million.

Revenue beats expectations

Full year 2020 earnings released: EPS CA$4.18 (vs CA$1.54 loss in FY 2019)

New 90-day high: €15.90

New 90-day high: €15.40

Interfor Corporation to Report Q4, 2020 Results on Feb 04, 2021

New 90-day high: €14.90

Market bids up stock over the past week

New 90-day high: €12.10