MacDonald, who helped found the company in 1976, will head the committee tasked with finding his successor as CEO. He will stay on as CEO until a replacement is found.
"Clearwater has been my passion for over 30 years now, I look forward to assuming this role and I will be a very active chairman to ensure that the new CEO will continue to benefit from the founder's experience and belief in the business model," said MacDonald.
While the past few years have been challenging, the company's strong underlying business model -- based on sustainable harvesting and resource management, creating value for our customers, developing people and embracing a culture of innovation -- has served well and positioned Clearwater for the future, he said.
"With
