Acadian Timber Corp. announced a dividend of $0.29 per share, payable on April 15, 2020 to shareholders of record on March 31, 2020.

The company announced that Mr. Adam Sheparski has been appointed Chief Financial Officer of Acadian effective February 13, 2020. Mr. Sheparski is a Chartered Professional Accountant who most recently worked with one of Canada's largest grocery retailers. Adam brings a wealth of experience in public company reporting, treasury, and taxation and has participated in several large M&A transactions during his career. Brian Banfill, who was appointed Interim Chief Financial Officer in September 2019, will remain with the company for an interim period to ensure a smooth transition of his responsibilities. The company also announced that after nearly 35 years of loyal service, Mr. Luc Ouellet, Senior Vice President of Operations, has retired. Normand Haché, Senior Vice President of Marketing and Operations, who has over 35 years of experience in the timberland sector and more than 14 years with Acadian, will assume Mr. Ouellet's responsibilities.