RE:DON RETIRESHere's the link and text to the news release.
It mentions they have started a search for a replacement. Sometimes when CEO or president retire they already have a new person to fill in the role. In this case the retirment date is by March 31,2023. That's 1 year and 2 months from now so there is a lot of time to find replacements. Not a critical event at this time. VANCOUVER, BC, Feb. 1, 2022 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that its President & CEO Don Demens has announced his intention to retire by March 31, 2023. The Board of Directors has commenced a search for a new President & CEO. Mr. Demens will continue in his role as President & CEO until his replacement has been found to ensure a smooth transition and minimal disruption to Western's business during this time. He will also remain a member of the Company's Board of Directors until such time as the transition to his successor occurs.
"I am proud of what we have accomplished at Western," said Mr. Demens. "I am confident in the strength of Western's management team and am fully committed to ensuring a smooth transition to a new President & CEO who will continue to move Western forward as a leading wood products company."
"On behalf of the Board, I want to thank Don for his significant contributions to the Company over the past 13 years, including nine as CEO," said Michael Waites, Chair of the Board. "Don played a key role in transforming Western into a leading specialty softwood supplier in North America and furthering the Company's vital work around sustainability and First Nations reconciliation. Don's vision and dedication have financially repositioned Western which will help drive further growth and build long-term shareholder value in the years ahead. We are grateful for his continued commitment to providing leadership and support while we undertake the important work of selecting the Company's next President and CEO."
https://stockhouse.com/news/press-releases/2022/02/01/western-forest-products-inc-announces-president-ceo-don-demens-planned