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Bowater Announces Management Changes

Jan. 26, 2006 - Bowater has announced the following organizational changes:

Joseph B. Johnson, 42, has been elected Vice President - Controller. Previously, Mr. Johnson served as Director, Financial Reporting. He joined Bowater in 2001. Mr. Johnson is a graduate of the University of North Florida and is a Certified Public Accountant.

Colin R. Wolfe, 48, has been elected Vice President and Treasurer. Previously, Mr. Wolfe served as Vice President of Administration and Planning - Newsprint Division. Mr. Wolfe joined Bowater in 1982. Mr. Wolfe is a graduate of Mount Allison University in New Brunswick, Canada and is a Chartered Accountant.

Michael F. Nocito, 50, has been elected Vice President of Administration and Planning - Newsprint Division. Previously, Mr. Nocito served as Vice President - Controller. Mr. Nocito joined Bowater in 1978. Mr. Nocito is a graduate of Lehman College, Bronx, NY and has an MBA from the University of Connecticut. He is a member of the Institute of Management Accountants.

Duane A. Owens, 37, has been elected Assistant Treasurer and Director, Investor Relations. Previously, Mr. Owens served as Director, Finance and Investor Relations. He joined Bowater in 1992. Mr. Owens is a graduate of the University of South Carolina and has an MBA from Clemson University.

Megan A. Mosley, 40, has been elected Assistant Controller and Director, Accounting Operations. Previously, Ms. Mosley served as Director, Accounting Operations. She joined Bowater in 2002. Ms. Mosley is a graduate of Huntingdon College and has an MBA from Auburn University. She is a Certified Public Accountant.

SOURCE: Bowater Inc.




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