Tembec announces appointment of new Director

MONTREAL, Feb. 7, 2017 /CNW Telbec/ - Tembec (the "Company") is pleased to announce the appointment of Pierre Gignac to the Board of Directors of the Company. Mr. Gignac joins Tembec's Board with broad international experience and expertise in Enterprise Risk Management, Corporate Governance, Corporate Social Responsibility, and Finance. Mr. Gignac served as the Senior Vice-President of Enterprise Risk Management and Chief Risk Officer at Export Development Canada ("EDC"), as Acting President and Acting Chief Executive Officer of EDC from June 3, 2013 to February 2014 and in a variety of senior roles at EDC from the time he first joined in 1999. EDC, a Crown corporation, is Canada's export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities.

He has been an Independent Director of Orbite Technologies Inc. since February 23, 2016. Mr. Gignac is a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries, and a Chartered Financial Analyst. He is a graduate of Columbia University's Senior Executive Program and from Laval University in Quebec City.

Mr. Gignac will assume the seat of Mr. Michel Dumas who remains as Executive Vice President, Finance and Chief Financial Officer of the Company.

Tembec is a manufacturer of forest products - lumber, pulp, paper, and specialty cellulose – and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has approximately 3,000 employees and annual sales of approximately $1.5 billion. Tembec is listed on the Toronto Stock Exchange (TMB).



For further information: Patrick LeBel, Vice President, General Counsel and Corporate Secretary, Tel.: 514 871-1473, patrick.lebel@tembec.com


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