CEO says move is not a 'redomiciling' and Burnaby, B.C., will remain corporate headquarters
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Canadian lumber company Interfor Corp. confirmed plans Friday to move corporate support functions to the United States from its Burnaby, B.C. headquarters.
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“We recently announced the transition of certain corporate support roles to our Peachtree City office in Georgia, where the majority of our operations are located within the Central, Eastern and Atlantic time zones,” Ian Fillinger, the company’s chief executive, said on a conference call with analysts to discuss the company’s second-quarter financial results.
“This change is intended to better align our support functions with the needs of our business while maintaining a strong corporate presence in both Canada and the United States.”
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As reported by the Financial Post last month, based on the contents of a memo sent to employees by the CEO, Fillinger the transition is expected to occur gradually over time, primarily through attrition and future hiring decisions. Executives on the conference call did not elaborate on which specific job functions would eventually move to the U.S. or the number of positions that would be affected.
“This is not a redomiciling of the company, nor does it alter our longstanding commitment within our Canadian operations, mills, employees, or communities,” Fillinger said on Friday’s call. “Our leadership team remains in place, and Burnaby will continue to play an important role as our corporate headquarters.”