Acadian Timber Corp. has announced that longtime chief executive Reid Carter is stepping down at the end of the week. Mark Bishop will become president and CEO effective on May 01, 2015.

Bishop has more than 25 years of forest industry experience, including the last seven with Brookfield Asset Management, Acadian's manager. In addition to his new role, Bishop will continue to lead Brookfield's timberland business development activities outside of North America. Carter, who steps down after nine years as CEO, will continue to lead Brookfield's timberlands platform and intends to remain on Acadian's board.