Resolute Appoints Patrice Minguez as President of Tissue Group

MONTRÉAL, July 25, 2017 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced the appointment of Patrice Minguez as president of the company's tissue group. This is a new role, reporting to Richard Garneau, president and chief executive officer.

Patrice Minguez will serve as a member of Resolute's Executive Team and will oversee all tissue operations as well as sales and marketing functions. This includes the Atlas Tissue operations in Florida and the new state-of-the-art tissue and converting facilities at Calhoun, Tennessee. He will also be accountable for the company's Calhoun pulp and paper mill.

Founder and former president of Cellynne Holdings, Inc., Patrice Minguez built his business from the ground up, ultimately positioning Cellynne as the biggest independent tissue converter in North America. In addition to his extensive background selling both away-from-home and at-home bath tissue and towel, Mr. Minguez led the successful installation and start-up of new tissue machines, and managed multiple production locations.

"Patrice Minguez has a strong reputation in the marketplace and a proven track record of success. His knowledge, experience and entrepreneurial background will strengthen Resolute's presence in the tissue market," stated Richard Garneau. "Patrice will play an important role in the company's ongoing transformation strategy. Under his leadership, we believe our tissue business will be positioned for sustained growth and performance."

This appointment will take effect on August 1, 2017.

About Resolute Forest Products

Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in over 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.

Cautionary Statements Regarding Forward-Looking Information

Statements in this press release that are not statements of historical results, performance, financial condition, or other historical information of Resolute Forest Products Inc. are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements regarding the company's future presence in the tissue market and the strength and growth of the company's tissue business. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "will," "believe" and other terms with similar meaning indicating possible future events or potential impact on our business or our shareholders.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual performance or outcomes to differ materially from those expressed in this press release. Some of the potential risks and uncertainties that could cause the company's actual future performance or outcomes to differ materially from those expressed or implied in this press release include those described under the heading "Risk Factors" in Part I, Item 1A of the company's annual report on Form 10-K for the year ended December 31, 2016.

All forward-looking statements in this press release are expressly qualified by the cautionary statements set out or referred to above and in the company's filings with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. The company disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

 

SOURCE Resolute Forest Products Inc.

For further information: Investors: Alain Bourdages, Vice President, Investor Relations, 514 394-2233, ir@resolutefp.com; Media and Others: Seth Kursman, Vice President, Corporate Communications, Sustainability and Government Affairs, 514 394-2398, seth.kursman@resolutefp.com

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