West Fraser appointed Chris Virostek as Vice-President, Finance and CFO. According to the announcement, Mr. Virostek succeeds Larry Hughes, who will retire at the end of March 2017.
Chris Virostek is a Chartered Professional Accountant, CA and has held a number of senior financial roles at Masonite International Corporation since 2002, most recently as Senior Vice-President of Strategy and Corporate Development.
Mr. Hughes will remain with the company until the end of June 2017 to assist with the transition process and thereafter may provide advisory services to West Fraser’s management.
Ted Seraphim, President and CEO of West Fraser, commented:
“Larry has contributed greatly to West Fraser during his 10 years as part of our senior executive team. Before joining West Fraser he was our outside legal counsel and served on our Board from 2002 to 2005. Larry has played a pivotal role in the growth of West Fraser and we have all benefitted from his practical approach and thoughtful advice.”
Earlier West Fraser Timber more than doubled Adjusted EBITDA amid 9.2% increase of sales in 4Q2016 y-o-y.
About West Fraser Timber:
The company is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.