05:16 PM EDT, 09/26/2024 (MT Newswires) -- Canfor Pulp (CFX.TO) said late Thursday Kevin Edgson will step down as chief executive on Oct. 31.

Edgson held the role since 2022. The board of directors is looking for his successor and will share further details in the coming weeks, the company said.

"Kevin has worked through a number of challenges including a reduction in fiber supply in British Columbia and fluctuating market conditions while transitioning Canfor Pulp to a smaller operational footprint. We are grateful for his leadership and appreciate his efforts to transform the company during his tenure," Board Chair John Baird said.

The company's shares closed up $0.01 to $0.92 on the Toronto Stock Exchange