RICHMOND, BC, Feb. 21, 2012 /CNW/ - Catalyst Paper Corporation (TSX:CTL)
announced today that its Board of Directors has elected Jeffrey
Marshall as Chair of the Board to replace Benjamin Duster. Mr.
Marshall is also the Chair of Ormet Corporation and serves on the
Boards of Lakefield College School Foundation and Brand Energy and
Infrastructure Services Inc. Mr. Marshall has been a Director of
Catalyst since 2006. Mr. Duster will continue to serve as a valued
member of the Board of Directors of the company.
Catalyst also announced that Denis Jean resigned from the Board of
Directors of the company effective February 2, 2012 for personal
reasons. The company wishes to thank Mr. Jean for his contributions as a member of the Board.
The company also announced that Third Avenue Management LLC has filed an
early warning report and press release announcing that it has sold
105,105,509 common shares of Catalyst, which represents approximately
27.52% of the issued and outstanding shares of Catalyst. Third Avenue
Management LLC announced that following the sale it no longer has
ownership of, or control or direction over, any shares of Catalyst.
Catalyst manufactures diverse specialty printing papers, newsprint and
pulp. Its customers include retailers, publishers and commercial
printers in North America, Latin America, the Pacific Rim and Europe.
With four mills located in British Columbia and Arizona, Catalyst has a
combined annual production capacity of 1.9 million tonnes. The company
is headquartered in Richmond, British Columbia, Canada. Catalyst is
listed on the Jantzi Social Index® and is also ranked by Corporate
Knights as one of the 50 Best Corporate Citizens in Canada.
SOURCE Catalyst Paper Corporation
For further information:
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