Favorable demographics and labor markets are set to boost lumber and panel sales for West Fraser.
West Fraser recently announced that Larry Hughes, the current CFO, will retire at the end of March and be replaced by Chris Virostek. Virostek has spent his career working for Masonite, a door manufacturer, in a variety of senior accounting and corporate development positions. He is also a Chartered Professional Accountant. We view this change as neutral to both West Fraser's stewardship rating and its CAD 58 fair value estimate.One thing we will monitor under a new CFO will be any major change...
West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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