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Catalyst Paper CFO David Smales to Leave Company

Oct. 14, 2009 - Catalyst Paper said that it has accepted the resignation of David Smales, vice president, finance and chief financial officer. He will leave the company effective November 4, 2009 to join a Toronto-based construction and infrastructure development firm.

Catalyst said it is in the process of searching for a successor and that a special committee of the Board of Directors will review the shortlist of suitable candidates in due course.

"David has provided strong financial oversight during a period of significant change for our company and industry. He guided several key business transactions to timely completion," said Catalyst's president and CEO Richard Garneau, "and on behalf of the Board I want to thank David for his contributions to our successes to date."

Smales joined Catalyst in December 2005 as the vice president, strategy and was appointed to his current role in April 2007.

SOURCE: Catalyst Paper




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