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AbitibiBowater announces board of directors for restructured company

Nine individuals have been selected to serve on a new board of directors for AbitibiBowater. Current board cha…

Nine individuals have been selected to serve on a new board of directors for AbitibiBowater. Current board chairman Richard B. Evans and president and CEO David J. Paterson will continue as board members as well. The term of this new board will begin when the company emerges from creditor protection.
A search committee, consisting of representatives from the Unsecured Creditors’ Committee, the Ad Hoc Unsecured Noteholders Committee and the company, selected the board of the restructured company.
The following directors will join Evans and Paterson on the new board:
Pierre Dupuis (Sutton, Que.), a board member of Norbord Inc. and Brookfield Renewable Power Fund, and a former senior executive with Domtar Inc.
Richard Falconer (Toronto), vice-chairman and managing director of CIBC World Markets Inc. Richard Garneau (Montreal), a former executive of Catalyst Paper, Domtar, and Norampac. Garneau has been a director of AbitibiBowater since June 2010.
Jeffrey Hearn (Bluffton, S.C.), former executive with International Paper and Weldwood.
Sarah Nash (New York), a board member and head of the Audit Committee of Merrimack Pharmaceuticals and director of Knoll Inc., where she serves on the Compensation and Audit Committees.
Alain Rheaume (Outremont, Que.), a managing partner at Trio Capital Inc. and former deputy minister of finance with the Quebec government.
Paul Rivett (Toronto), a member of the AbitibiBowater board of directors since April 2008 and vice-president and chief legal officer of Fairfax Financial Holdings Limited.
Michael Rousseau (Oakville, Ont./Montreal), executive vice-president and chief financial officer of Air Canada.
David Wilkins (Greenville, S.C.), former United States Ambassador to Canada.
“We are pleased to welcome this new board into the AbitibiBowater family,” said David Paterson. “This group of individuals represents some of the top business leaders in North America, bringing a broad range of skills and expertise as well as an unwavering commitment to corporate governance and business ethics.”
AbitibiBowater produces a wide range of newsprint, commercial printing and packaging papers, market pulp and wood products.