Catalyst Paper's President and CEO to Step Down at end-June
April 19, 2013 - Catalyst Paper late yesterday said that President and CEO Kevin J. Clarke will step down from his position later this spring.
In a statement, Catalyst said, "Mr. Clarke has advised Catalyst's Board of Directors that, with the company's recent financial restructuring successfully completed, the time is right for a leadership transition."
Clarke served as President and CEO of Catalyst since June 21, 2010.
"Kevin steered Catalyst through a pivotal three years and the Board of Directors extends its appreciation to him," said Chairman Les Lederer. "Under his leadership, the company intensified its focus on stakeholder relationships which culminated in the rapid completion of a reorganization plan that significantly improved Catalyst's balance sheet and cost structure.
"His printing and publishing industry experience was also helpful in advancing product and market development objectives, and served to put Catalyst on better footing to address the ongoing challenges of the fiercely competitive paper and pulp industry," Lederer added.
Catalyst said Clarke will continue in his role for an interim period through June 2013 to assist in a smooth transition.
A search for a successor is underway, the company said.
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and its stock trades on the Toronto Exchange under the symbol CYT. It is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada. For more information visit: www.catalystpaper.com
SOURCE: Catalyst Paper