Resolute Announces New Board Nominees
MONTREAL, March 22, 2013
MONTREAL, March 22, 2013 /PRNewswire/ - Resolute Forest Products Inc. (NYSE:
RFP) (TSX: RFP) announced today that the board of directors had nominated
Michel P. Desbiens and Jennifer C. Dolan to stand for election as new board
members. Mr. Desbiens and Ms. Dolan will join seven other current members of
the board standing for re-election at Resolute's upcoming annual meeting of
stockholders on May 16, 2013. Richard B. Evans, currently the Company's
non-executive chairman, has determined that he would retire, and would not
stand for re-election. The board has recommended Bradley P. Martin, a current
member, to serve as Resolute's new [non-executive] chairman, and Alain
Rhéaume, also a current member, as lead director.
Mr. Desbiens is a forest products industry veteran and an accomplished
business leader. He has been an independent consultant since 2000, advising a
number of clients in the forest products industry, during which time he served
briefly as Quebecor World Inc.'s chief executive officer (international) and
chief executive officer for part of 2002 and 2003. He had been president and
chief executive officer of Donohue Inc. since 1994 when it was acquired by
Abitibi-Consolidated Inc. (a predecessor entity of Resolute) in 2000, after
which he served briefly as its chairman and a special advisor. Before then,
he held a number of executive positions with Donohue Inc., Domtar Inc.,
Chapelle d'Arblay paper mill and Abitibi-Price Inc. (a predecessor entity of
Resolute). Mr. Desbiens is a mechanical engineer. He currently serves on the
board of Rogers Sugar Inc.
Ms. Dolan retired from The New York Times Company in 2012 after a 33-year
career, the last ten of which she spent as vice president of forest products,
where she managed paper procurement and oversaw its equity investments in two
paper mills, including as a member of the board of Donohue Malbaie Inc., a
joint venture with the Company. Before then, she held a number of executive
and senior finance roles. Ms. Dolan is a certified public accountant, and a
member of the American Institute of Certified Public Accountants.
Mr. Martin currently serves as vice president for strategic investments with
Fairfax Financial Holdings Limited. He previously served as its vice
president and chief operating officer and corporate secretary. Before joining
Fairfax, he was a partner with Torys LLP, a leading Canadian business law
firm, specializing in mergers and acquisitions and securities laws. Mr.
Martin currently serves as chairman of Ridley Inc. and Imvescor Restaurant
Group Inc., and as a member of the board of The Brick Ltd.
Mr. Rhéaume is founder and managing partner of Trio Capital Inc. Before then,
he was executive vice president and president of Fido, a subsidiary of Rogers
Wireless Communications Inc., a role he assumed when Microcell
Telecommunications Inc. was acquired by Rogers. Mr. Rhéaume was president and
chief operating officer and previously served as chief financial officer of
Microcell. He has served as associate deputy minister of finance and deputy
minister of finance in the provincial government of Quebec. Mr. Rhéaume
currently serves as a board member of the Canadian Public Accountability
Board, the Canadian Investors Protection Fund, Boralex Inc. and Redline
Communications Group Inc.
"We are very pleased that Michel Desbiens and Jennifer Dolan have agreed to
stand for election to Resolute's board. They represent an extraordinary range
of talent, with deep institutional knowledge of our industry and a proven
track record of success," stated Resolute's president and chief executive
officer, Richard Garneau. "We look forward to Bradley Martin's leadership and
corporate governance experience, and likewise express our deepest gratitude to
Dick Evans for his unwavering support, and steady and determined guidance.
Dick's contribution to this Company simply cannot be overstated."
"My affiliation with Resolute and its predecessor companies has been a
tremendously rewarding experience for me, both professionally and personally.
We have been through a great deal together, and I firmly believe that we have
set a foundation for excellence. We have taken the necessary steps to ensure
Resolute's long-term profitability and competitiveness, optimizing our asset
base and strengthening our financial position. We have demonstrated
sustainability leadership and invested in growth opportunities. I am so very
proud of what the board and the dedicated employees have accomplished. This
has been a journey in partnership and I look forward to your future," stated
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry
with a diverse range of products, including newsprint, commercial printing
papers, market pulp and wood products. The Company owns or operates over 40
pulp and paper mills and wood products facilities in the United States, Canada
and South Korea, and power generation assets in Canada. Marketing its products
in close to 90 countries, Resolute has third-party certified 100% of its
managed woodlands to at least one of three internationally-recognized
sustainable forest management standards, including 65% certified to the Forest
Stewardship Council^® (FSC^®) 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 and other member companies of the Forest Products Association of
Canada, as well as a number of environmental organizations, are partners in
the Canadian Boreal Forest Agreement. The group works to identify solutions to
conservation issues that meet the goal of balancing equally the three pillars
of sustainability linked to human activities: environmental, social and
economic. Resolute is also a member of the World Wildlife Fund's Climate
Savers program, in which businesses establish ambitious targets to voluntarily
reduce greenhouse gas emissions and work aggressively toward achieving them.
SOURCE Resolute Forest Products Inc.
Rémi G. Lalonde
Vice President, Investor Relations
Media and Others
Vice President, Corporate Communications,
Sustainability and Government Affairs
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