VANCOUVER, BC -- Canfor Corporation and Canfor Pulp Products Inc. are pleased to announce the appointment of the companies' newest board member, Sandra Stuart.

"We welcome Sandra to both Canfor and Canfor Pulp's boards and are excited about the knowledge and diverse background Sandra will bring to our teams," said Don Kayne, CEO of Canfor Corporation and Canfor Pulp. "Sandra's extensive experience on a global scale will be extremely valuable as we pursue Canfor's vision of being the most innovative and sustainable global resource company."

Ms. Stuart was the first female CEO of a major bank in Canada and has an international banking career spanning 40 years and three countries. Sandra serves on the boards of HSBC Trinkaus & Burkhardt, Belkorp Industries Inc. and DRI Healthcare Trust. She is the former Executive Director, Group General Manager and President and CEO of HSBC Bank of Canada and has held progressively senior banking roles in Canada and abroad, including in the United States and Brazil. She has also served on the boards of HSBC Bank of Canada and as the Chair of the Board for HSBC Global Asset Management (Canada) Limited. Sandra has been active in her community serving as a member of the Business Council of Canada and Governor of the Business Council of British Columbia. She has been a member of the Board of Governors of Pathways to Education Canada, a member of the University of British Columbia's (UBC) Sauder School of Business Faculty Advisory Board and the Leadership Co-Chair for the United Way of the Lower Mainland. Sandra has been recognized by the Association of Women in Finance for Excellence in the Private Sector, acknowledged as one of British Columbia's Most Influential Women by BC Business and the Women's Executive Network awarded her the inaugural Deloitte Inclusion Vanguard Award and recognized her as one of Canada's Most Powerful Women (Top 100). Sandra is also a Catalyst Canada Honours Champion recognizing her transformation contributions to workplace inclusion and inclusive leadership.

"Sandra is a well-respected and admired leader and we look forward to drawing upon her vast experience," said the Honourable John R. Baird, Chairman of Canfor Corporation and Canfor Pulp Products Inc. "I am confident that her strong voice will make a positive impact on our companies."