Western Forest Products Management

Management criteria checks 2/4

Western Forest Products' CEO is J. Hofer, appointed in Sep 2022, has a tenure of 1.58 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 €250.13K. The average tenure of the management team and the board of directors is 7.9 years and 2.6 years respectively.

Key information

J. Hofer

Chief executive officer

CA$1.9m

Total compensation

CEO salary percentage	39.9%
CEO tenure	1.6yrs
CEO ownership	0.2%
Management average tenure	7.9yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has J. Hofer's remuneration changed compared to Western Forest Products's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD1.38M) is above average for companies of similar size in the German market ($USD406.04K).

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

CEO

J. Hofer (53 yo)

1.6yrs

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

Name	Position	Tenure	Compensation	Ownership
J. Hofer	President	1.6yrs	CA$1.88m	0.21% CA$ 250.1k
Stephen Williams	Executive VP & CFO	9.5yrs	CA$1.19m	0.12% CA$ 141.4k
Alyce Harper	VP, General Counsel & Corporate Secretary	7.9yrs	CA$605.77k	no data
Bruce Alexander	Senior Vice President of Sales	5.3yrs	CA$837.78k	0.015% CA$ 18.2k
Jennifer Foster	Senior Vice President of Human Resources & Corporate Affairs	8.3yrs	CA$762.61k	0.039% CA$ 47.4k
Babita Khunkhun	Senior Director of Communications	no data	no data	no data
Glen Nontell	Vice President of Corporate Development	6.1yrs	no data	0.051% CA$ 62.0k
Morris Mandziuk	Treasurer	19.8yrs	no data	no data

7.9yrs

Average Tenure

Experienced Management: NWF's management team is seasoned and experienced (7.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Hofer	President	1.6yrs	CA$1.88m	0.21% CA$ 250.1k
Noordin Nanji	Independent Director	1.2yrs	CA$149.80k	0.022% CA$ 26.7k
John Williamson	Independent Director	3.1yrs	CA$189.91k	0.042% CA$ 51.2k
Peter Wijnbergen	Independent Director	1.2yrs	CA$140.47k	0.027% CA$ 32.6k
Laura Cillis	Independent Director	5.1yrs	CA$192.94k	0.15% CA$ 181.5k
Randy Krotowski	Independent Director	3.1yrs	CA$179.79k	0.036% CA$ 43.4k
Daniel Nocente	Independent Chairman of the Board	9.9yrs	CA$261.33k	0.089% CA$ 107.7k
Fiona Macfarlane	Independent Director	2.1yrs	CA$173.83k	no data

2.6yrs

Average Tenure

63yo

Average Age

Experienced Board: NWF's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Western Forest Products Management

Management criteria checks 2/4

Key information

Recent management updates

Western Forest Products Inc., Annual General Meeting, May 08, 2024

Western Forest Products Inc. Announces Stepping Down of Stephen Williams as Chief Financial Officer

President recently bought €137k worth of stock

High number of new directors

High number of new directors

Independent Director recently bought €80k worth of stock

Recent updates

New major risk - Share price stability

Western Forest Products Inc. to Report Q1, 2024 Results on May 07, 2024

Western Forest Products Inc., Annual General Meeting, May 08, 2024

Western Forest Products Inc. Announces Stepping Down of Stephen Williams as Chief Financial Officer

Full year 2023 earnings released: CA$0.22 loss per share (vs CA$0.19 profit in FY 2022)

New major risk - Share price stability

Western Forest Products Inc. to Report Q4, 2023 Results on Feb 13, 2024

President recently bought €137k worth of stock

New minor risk - Share price stability

Third quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.021 profit in 3Q 2022)

Western Forest Products Inc. to Report Q3, 2023 Results on Nov 07, 2023

High number of new directors

Western Forest Products Inc. Announces Quarterly Dividend for the Third Fiscal Quarter of 2023, Payable on September 15, 2023

Western Forest Products Inc. to Report Q2, 2023 Results on Aug 03, 2023

Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia

Upcoming dividend of CA$0.013 per share at 4.4% yield

First quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.12 profit in 1Q 2022)

Western Forest Products Inc. Announces Quarterly Dividend for the Second Fiscal Quarter of 2023, Payable on June 16, 2023

High number of new directors

Western Forest Products Inc. Announces Quarterly Dividend, Payable on March 17, 2023

Western Forest Products Inc. Not Restarts its Alberni-Pacific Division Facility in its Current Configuration

Western Forest Products Inc. Announces Not to Restart its Alberni-Pacific Division

Western Forest Products Inc. to Report Q4, 2022 Results on Feb 16, 2023

Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia

Independent Director recently bought €80k worth of stock

Upcoming dividend of CA$0.013 per share

Third quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.12 in 3Q 2021)

Western Forest Products Inc. Confirms Fourth Quarter 2022 Dividend, Payable on December 16, 2022

Western Forest Products Inc. to Report Q3, 2022 Results on Nov 03, 2022

Now 22% undervalued after recent price drop

Western Forest Products Inc. (TSX:WEF) completed the acquisition of assets of Calvert Company, Inc. from Calvert Co., Inc.

Independent Director recently bought €140k worth of stock

Upcoming dividend of CA$0.013 per share

Second quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.21 in 2Q 2021)

Western Forest Products Inc. Declares Quarterly Dividend, Payable on September 16, 2022

Western Forest Products Inc. Announces CEO Changes

Western Forest Products Inc. (TSX:WEF) entered into an agreement to acquire assets of Calvert Company, Inc. for $12 million.

Western Forest Products Inc. to Report Q2, 2022 Results on Aug 03, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of CA$0.013 per share

First quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.14 in 1Q 2021)

Western Forest Products Inc. Declares Quarterly Dividend, Payable on June 17, 2022

Western Forest Products Inc. to Report Q1, 2022 Results on May 04, 2022

Western Forest Products Inc. Appoints Fiona Macfarlane as an Independent Director

Western Forest Products Inc., Annual General Meeting, May 05, 2022

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

Western Forest Products Inc. Announces First Quarter Dividend of 2022, Payable on March 18, 2022

Don Demens Plans to Retire as President of Western Forest Products Inc

Upcoming dividend of CA$0.01 per share

Third quarter 2021 earnings released: EPS CA$0.12 (vs CA$0.03 in 3Q 2020)

Investor sentiment improved over the past week

CEO, President & Director recently sold €461k worth of stock

CEO, President & Director recently sold €296k worth of stock

Upcoming dividend of CA$0.01 per share

Second quarter 2021 earnings released: EPS CA$0.21 (vs CA$0.023 in 2Q 2020)

Upcoming dividend of CA$0.01 per share

Investor sentiment deteriorated over the past week

Independent Director has left the company

Non-Independent Director has left the company

First quarter 2021 earnings released: EPS CA$0.14 (vs CA$0.056 loss in 1Q 2020)

Western Forest Products Inc. Confirms Second Quarter 2021 Dividend, Payable on June 18, 2021

CEO, President & Director recently sold €227k worth of stock

An unknown buyer acquired certain non-core assets including certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia from Western Forest Products Inc. (TSX:WEF) for $36 million.

Western Forest Products Inc. Announces Board Changes

New 90-day high: €1.11

Full year 2020 earnings released

Revenue beats expectations

Western Forest Products Inc., Annual General Meeting, May 06, 2021

New 90-day high: €0.89