RICHMOND, BC, Nov. 21, 2013 /CNW/ - As part of its plan to improve cost
competitiveness, Catalyst Paper (TSX:CYT) will reduce the size of its
executive team by three positions. In addition, each mill general
manager will report directly to the CEO to increase the focus on
operational excellence and safety performance.
"Our focus on operational efficiency requires that enterprise support
costs be reduced wherever possible including at the leadership level.
The commitment, flexibility, and contributions of the three individuals
who are leaving Catalyst is commendable as we make these necessary
changes," said Joe Nemeth, President and Chief Executive Officer.
Bob Lindstrom, Vice President, Supply Chain, Energy and Information
Technology will retire from the company on December 31, 2013. Bob
joined Catalyst in 1980 and has been extensively involved in strategic,
operational and industry initiatives during a 30-year career with the
Lyn Brown, Vice President, Marketing and Corporate Responsibility, will
leave the company on December 31, 2013. Lyn joined Catalyst in 2004 and
led the company's sustainability and stakeholder engagement programs.
David Adderley, Vice President and General Counsel, will leave the
company on March 31, 2014. David joined Catalyst in 2010 and guided
the company through its restructuring process under the Companies' Creditors Arrangement Act in 2012 and the sale of non-core assets in 2013 in connection with the
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 is
ranked by Corporate Knights magazine as one of the 50 Best Corporate
Citizens in Canada.
SOURCE: Catalyst Paper Corporation
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Vice-President, Marketing & Corporate Responsibility