Xerox (NYSE: XRX) announced today that its board of directors declared a quarterly cash dividend of $0.25 per share on Xerox common stock. The dividend reflects the one-for-four reverse stock split that became effective on June 14, 2017. The dividend is payable on October 31, 2017 to shareholders of record on September 29, 2017.

As a step in the ongoing process to improve efficiency and enhance the company’s ability to adapt to major changes in the outside world, BillerudKorsnäs intends to implement a simplified organizational structure as of August 1, 2020. The new organization will be built along the business flow around three functional areas: Wood Supply, Operations and Commercial. In parallel, the resources for sustainability and innovation will be grouped in a common new function, Sustainability & Strategic Development. “We need to cater for rapidly changing customer needs for sustainable products and solutions. The organizational structure now being implemented is one important step on a journey creating conditions that will allow a more optimal utilization of our resources and enhance our ability to adapt to changes in the outside world,” says Lennart Holm, acting CEO of BillerudKorsnäs. As of August 1, the Executive Management Team will consist of the following members; Lennart Holm, acting CEO, Ivar Vatne, CFO, Helene Biström, EVP Commercial, Tor Lundqvist, EVP Operations, Uno Brinnen, acting EVP Wood Supply, Ulf Eliasson, EVP Sustainability & Strategic Development and Paulina Ekvall, EVP HR.

Canfor Corporation is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022. In addition, the Company will be implementing two weeks of rotating downtime across its primary sawmills in July and August, which will help align production capacity with the sustainable timber supply and transportation availability. The Company will use this downtime to complete maintenance projects and other site activities to help mitigate the impact on employees. These capacity reductions are expected to result in an incremental impact of approximately 275 million board feet by the end of August, in addition to the 100 million board feet reduction previously announced on March 30th.