(NYSE: UFS) (TSX: UFS)
MONTREAL, Oct. 29, 2014 /CNW Telbec/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) announced today the election of Domenic Pilla to its Board of Directors. Mr. Pilla currently serves as President of Shoppers Drug Mart, Canada's leading pharmacy and beauty retailer, with sales of over $11 billion, and more than 52,000 employees across 1,400 retail locations; he has held this position since 2011. Shoppers Drug Mart is a unique and independent operating division of Loblaw Companies Limited.
Under Mr. Pilla's leadership, Shoppers Drug Mart underwent a significant business transformation that led to impressive financial performance. Mr. Pilla attributes a customer-centric and results-driven approach to his successful track record of implementing business efficiencies. Prior to 2011, he served as President of McKesson Canada, a leading provider of health care services.
"We're extremely peased to add Domenic to our Board," said Robert J. Steacy, Domtar's Chairman of the Board. "His experience and skills will be a valued addition to our Board as we continue to implement our key strategic initiatives."
"Domenic's extensive leadership experience in the retail and institutional health care markets will play an integral role in advancing our company's strategic growth in the personal care segment," said John D. Williams, Domtar's President and Chief Executive Officer.
Mr. Pilla is a graduate of McGill University with a degree in Chemical Engineering. He serves as Chairman of the Board of the Canadian Cancer Research Society and is a member of the Board and Chair of the HRCC for the Princess Margaret Cancer Center Foundation. He is a member of the Ivey Council for Health, Innovation, and Leadership; and also a Governor of the Marie-Clarac Hospital Foundation.
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of absorbent hygiene products marketed primarily under the Attends®, IncoPack and Indasec® brand names. In 2013, Domtar had sales of $5.4 billion from some 50 countries. The Company employs approximately 10,000 people. To learn more, visit www.domtar.com.
SOURCE: Domtar Corporation
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