AbitibiBowater streamlines executive structure
July 17, 2009 By Pulp & Paper Canada
As part of its restructuring, AbitibiBowater has reviewed and streamlined the organization of executive responsibil…
As part of its restructuring, AbitibiBowater has reviewed and streamlined the organization of executive responsibilities. According to the company, the new, leaner structure will provide for enhanced efficiency and reduced costs.
“This is the right structure to lead us through both restructuring and emergence from creditor protection,” states David J. Paterson, president and CEO. “As we progress through our comprehensive restructuring and filings, AbitibiBowater will continue to explore options to
further reduce costs and enhance productivity, including the reduction of SG&A costs at head office.”
A functional approach was taken in designing the new executive team, which will be comprised of five executives reporting to David J. Paterson:
– Alain Grandmont, executive vice-president, human resources and supply chain, will take on a new role that merges the company’s human resources and supply chain functions.
– William G. Harvey, executive vice-president and chief financial officer, will continue to oversee AbitibiBowater’s finance and corporate development functions.
– Yves Laflamme, senior vice-president, wood products, will continue to lead the company’s woodland and sawmill operations, wood products sales, and wood fibre sourcing.
– Pierre Rougeau, executive vice-president, operations and sales, will now lead operations and sales for both the commercial printing papers and newsprint divisions.
– Jacques P. Vachon, senior vice-president, corporate affairs and chief legal officer, will continue to have responsibility for overseeing the company’s legal and other corporate functions.
Also, as previously announced, Bruce K. Robertson will serve as chief restructuring officer and work closely with the executive team.
AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp, and wood products.
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