Interfor Corporation provided an update on its ongoing director succession process. The Company has updated its diversity target for its board of directors ("Board") and commits that at least 30% of its Board members will be women by its next annual general meeting of shareholders ("AGM") in 2024.

The sole reason the Company could not revert to at least 30% women representation on its Board at the upcoming May 2023 AGM, was the unexpected unavailability of Ms. Hull for re-election, for personal reasons.

Interfor is a growth-oriented forest products company with operations in Canada and the United States.