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Catalyst Paper CEO Richard Garneau Leaving Company

Jan. 26, 2010 - Catalyst Paper said that its CEO, Richard Garneau, will be leaving the company on April 28, following the company's annual meeting of shareholders.

According to Catalyst, Garneau told Catalyst's Board that for personal reasons he will be moving back to eastern Canada to be closer to his family.

"Mr. Garneau has been relentless in his drive to reduce Catalyst's costs and improve its profitability," said Michel Desbiens, chairman of Catalyst's Board of directors. "On behalf of the Board I want to thank Richard for his contributions and express our regret at his departure.

"However, Richard has advised me that despite the personal concerns that are ultimately taking him back to Eastern Canada, he is committed to seeing our recently announced restructuring through to completion before he leaves," Desbiens said.

SOURCE: Catalyst Paper




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