UFS (NYSE, TSX)
MONTREAL, Oct. 2 /CNW Telbec/ - Domtar Corporation (NYSE/TSX: UFS)
announced today the appointment of John D. Williams as President and Chief
Executive Officer, effective January 1, 2009. Mr. Williams joins Domtar from
SCA Packaging Europe where he has served as President since 2005. Mr. Williams
will relocate from Brussels, Belgium to Montreal, Canada and will be appointed
to Domtar's Board of Directors when he takes up his new position. As
previously announced, Mr. Royer will retire after 12 years as CEO, when
Mr. Williams assumes his new responsibilities.
"The Board of Directors is delighted to welcome John Williams to Domtar,"
said Harold MacKay, Domtar's non-executive Board Chairman. "We undertook a
global search and our Board believes that John is the ideal candidate to
succeed Raymond Royer. He is a proven business leader with the energy, skills
and experience we need. We are confident that John, together with our strong
management team, will successfully position Domtar to achieve its value
potential in the years ahead."
Commenting on his appointment, Mr. Williams said, "This is a tremendous
opportunity for me. I look forward to working with the Board and the
management team to build on what has been accomplished and to take the
business to the next level of success. Domtar's world-class human resources
and physical assets, disciplined approach to capital allocation and excellent
cost position will be terrific building blocks in the time ahead."
Mr. MacKay also paid tribute to Mr. Royer's leadership. "The Board thanks
Raymond for his leadership of Domtar. He was the driving force behind the
Domtar-Weyerhaeuser transaction and has been rightly recognized by his
industry peers for his many accomplishments. Raymond leaves a great legacy at
Domtar, both in regards to the quality of its people and, most importantly,
its values. He has built a financially strong company in a challenging
business environment with a market leadership position in uncoated freesheet.
We wish him well in his retirement. Raymond will remain on the Board until our
2009 annual meeting."
John D. Williams, 54, is a graduate of King's College, London University.
Prior to assuming his leadership position at SCA Packaging Europe,
Mr. Williams held increasingly senior management and operational roles in
companies in the packaging business and related industries. SCA Packaging
Europe is a leading producer of containerboard paper and corrugated box
products which employs some 18,000 employees with seven paper mills and
100 major manufacturing units across Europe, with revenues of over
Press Kit: http://files.newswire.ca/514/Williams_Eng.pdf
Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer
and marketer of uncoated freesheet paper in North America and the second
largest in the world based on production capacity, and is also a manufacturer
of papergrade, fluff and specialty pulp. The Company designs, manufactures,
markets and distributes a wide range of business, commercial printing and
publication as well as converting and specialty papers including recognized
brands such as Cougar(R), Lynx(R) Opaque, Husky(R) Offset, First Choice(R) and
Domtar EarthChoice(R) Office Paper, part of a family of environmentally and
socially responsible papers. Domtar owns and operates Domtar Distribution
Group, an extensive network of strategically located paper distribution
facilities. Domtar also produces lumber and other specialty and industrial
wood products. The Company employs nearly 13,000 people. To learn more, visit
All statements in this press release that are not based on historical
fact are "forward-looking statements." While management has based any
forward-looking statements contained herein on its current expectations, the
information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions concerning future
events and are subject to a number of risks, uncertainties, and other factors,
many of which are outside of our control that could cause actual results to
materially differ from such statements. Such risks, uncertainties, and other
factors include, but are not necessarily limited to, those set forth under the
captions "Forward-Looking Statements" and "Risk Factors" of the Form 10-K
filed with the SEC. Unless specifically required by law, we assume no
obligation to update or revise these forward-looking statements to reflect new
events or circumstances.
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For further information:
For further information: Media Relations: Michel A. Rathier, (514)
848-5103, email@example.com; Investor Relations: Pascal Bossé, (514)