Domtar announces changes to its operational structure
27 October 2005 - 11:32PM
PR Newswire (US)
TICKER SYMBOL DTC (TSX, NYSE) MONTREAL, Oct. 27
/PRNewswire-FirstCall/ -- Domtar Inc. announced today the
appointment of Richard Garneau to the position of Executive Vice-
President, Operations, effective immediately. Reporting to Raymond
Royer, President and Chief Executive Officer, Mr. Garneau will be
responsible for the papers, pulp, and wood sectors. He will also
have the task to review the Corporation's operational structure and
processes as well as to conduct an aggressive review of the
activities so as to implement targeted cost-cutting measures
company-wide before year-end. "The current business context and
market changes are posing unprecedented challenges for our
Corporation, as demonstrated by our third quarter financial
results. This pressure will continue to be felt in terms of
production and distribution costs, especially when amplified by a
strong Canadian dollar," explained Raymond Royer. "I am
particularly pleased to announce Richard Garneau's appointment. His
broad experience of more than 30 years in the paper and forest
products industry, including positions at Donohue Inc., St-Laurent
Paperboard Inc., Norampac Inc. and, since 2002, as Senior
Vice-President, Forest Products at Domtar, is considered an
invaluable asset at a time of accelerated changes," added Raymond
Royer. DOMTAR IS THE THIRD LARGEST PRODUCER OF UNCOATED FREESHEET
PAPER IN NORTH AMERICA. IT IS ALSO A LEADING MANUFACTURER OF
BUSINESS PAPERS, COMMERCIAL PRINTING AND PUBLICATION PAPERS, AND
TECHNICAL AND SPECIALTY PAPERS. DOMTAR MANAGES ACCORDING TO
INTERNATIONALLY RECOGNIZED STANDARDS 18 MILLION ACRES OF FORESTLAND
IN CANADA AND THE UNITED STATES, AND PRODUCES LUMBER AND OTHER WOOD
PRODUCTS. DOMTAR HAS 10,000 EMPLOYEES ACROSS NORTH AMERICA. THE
COMPANY ALSO HAS A 50% INVESTMENT INTEREST IN NORAMPAC INC., THE
LARGEST CANADIAN PRODUCER OF CONTAINERBOARD. DATASOURCE: DOMTAR
INC. CONTACT: Christian Tardif, Manager, Corporate and Financial
Communications, (514) 848-5515, ; Source: Raymond Royer, President
and Chief Executive Officer, ; http://www.domtar.com/; To request a
free copy of this organization's annual report, please go to
http://www.newswire.ca/ and click on reports@cnw.
Copyright