Quantcast
Last updated on April 21, 2014 at 5:04 EDT

Catalyst Paper announces CEO’s departure

April 18, 2013

RICHMOND, BC, April 18, 2013 /PRNewswire/ – Catalyst Paper (TSX:CYT) announced
today that President and Chief Executive Officer Kevin J. Clarke will
step down from his position later this spring. Mr. Clarke has advised
Catalyst’s Board of Directors that, with the company’s recent financial
restructuring successfully completed, the time is right for a
leadership transition.

“Kevin steered Catalyst through a pivotal three years and the Board of
Directors extends its appreciation to him,” said Chairman Les Lederer.
“Under his leadership, the company intensified its focus on stakeholder
relationships which culminated in the rapid completion of a
reorganization plan that significantly improved Catalyst’s balance
sheet and cost structure.

“His printing and publishing industry experience was also helpful in
advancing product and market development objectives,” Mr. Lederer said,
“and served to put Catalyst on better footing to address the ongoing
challenges of the fiercely competitive paper and pulp industry.”

Mr. Clarke will continue in his role for an interim period through June
2013 to assist in a smooth transition. He plans to return to his home
in New York State, where his family resides. A search for his successor
is underway.

Catalyst Paper manufactures diverse specialty mechanical printing
papers, newsprint and pulp. Its customers include retailers, publishers
and commercial printers in North America, Latin America, the Pacific
Rim and Europe. With three mills, located in British Columbia, Catalyst
has a combined annual production capacity of 1.5 million tonnes. The
company is headquartered in Richmond, British Columbia, Canada and its
stock trades on the Toronto Exchange under the symbol CYT. It is ranked
by Corporate Knights magazine as one of the 50 Best Corporate Citizens
in Canada.

SOURCE Catalyst Paper Corporation


Source: PR Newswire