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Bowater Elects David Paterson as Chairman

Nov. 10, 2006 - Bowater Inc. yesterday announced that its Board of Directors has elected David J. Paterson as Chairman, effective January 1, 2007.

Mr. Paterson joined Bowater in May 2006 as President and Chief Executive Officer. He will assume the duties of Chairman from Arnold M. Nemirow, who has held the position since 1996 and, as previously announced, is retiring from Bowater's Board of Directors as of December 31, 2006.

Additionally, the company is announcing several key promotions and leadership assignments. R. Donald Newman, Chief Operating Officer and Executive Vice President of Manufacturing, will retire effective December 1, 2006, following a 20-year career with Bowater. Upon Mr. Newman's retirement, Gaynor L. "Bud" Nash and David A. Spraley, who are Senior Vice Presidents of Manufacturing, will begin reporting directly to Mr. Paterson.

Effective immediately, Duane A. Owens, formerly Assistant Treasurer and Director of Investor Relations, is promoted to Vice President and Treasurer. Mr. Owens will retain his investor relations responsibilities. Colin R. Wolfe, formerly Vice President and Treasurer, is named Vice President of Financial Planning and Analysis. Mr. Owens and Mr. Wolfe will report to William G. Harvey, Executive Vice President and Chief Financial Officer.

SOURCE: Bowater Inc.




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