Acadian Timber Corp. Announces Appointment of Malcolm Cockwell as Interim President & CEO

Group 1 - Acadian Timber Corp. has appointed Malcolm Cockwell as Interim President & CEO, succeeding Adam Sheparski who has stepped down to pursue other opportunities [1][2] - The company will continue to focus on operational excellence within its existing timberland assets located in New Brunswick and Maine [2] - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3] Group 2 - Acadian owns and manages about 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres in Maine, in addition to providing timber services for around 1.3 million acres of Crown licensed timberlands in New Brunswick [3] - The primary business of Acadian includes forest management and the production of timber products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products, serving approximately 85 regional customers [3] - The company's business strategy aims to maximize cash flows from existing timberland assets through sustainable forest management while also pursuing growth through asset acquisition and active management [4]