Business News

Canfor Pulp CEO set to retire at next AGM

Monday 27. July 2009 - Canfor Pulp Income Fund (the "Fund") (TSX:CFX.UN) announced today that Paul Richards, President and CEO of Canfor Pulp Limited Partnership (CPLP) has decided to retire at the Fund's next annual general meeting of unitholders, currently scheduled for April 27, 2010.

Charles Jago, Chairman of CPLP said, “Paul has decided that after more than 38 years in the business he will retire to spend more time with his family. We are pleased that Paul will continue to lead CPLP up to the annual general meeting and the entire Board is appreciative of Paul’s continued contribution, guidance and leadership through these difficult economic times.”

A Search Committee of the Board has been constituted to commence the process of searching for Mr. Richards’ replacement as President and CEO of CPLP. While an external review will be undertaken, there is considerable talent and potential internal candidates within Canfor Corporation and CPLP.