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Chairpersons

Bowater Incorporated Appoints David J. Paterson as New CEO

Strategic Insights

— 1 min read

David J. Paterson, formerly Executive Vice President of Georgia-Pacific Corporation, has been appointed as the new President and Chief Executive Officer of Bowater Incorporated, effective May 1, 2006. Paterson succeeds Arnold M. Nemirow, who is retiring as CEO but will remain as non-executive Chairman until later this year. Paterson brings a wealth of business experience and a successful record of accomplishments to Bowater, having spent 19 years at Georgia-Pacific, including leadership roles in the Building Products Division, Pulp and Paperboard Division, and Communication Papers Division.

Key Takeaways:

  • David J. Paterson, 51, has been appointed as the new President and Chief Executive Officer of Bowater Incorporated, effective May 1, 2006.
  • Paterson succeeds Arnold M. Nemirow, who is retiring as CEO but will remain as non-executive Chairman until later this year.
  • Paterson holds a Bachelor of Science Degree from Cornell University and a Master's in Business Administration from the University of Michigan.
  • Paterson has extensive experience in the paper and pulp industry, having led various divisions at Georgia-Pacific since 2003.
  • Bowater Incorporated is a leading producer of newsprint, coated mechanical, and specialty papers, with 12 pulp and paper mills and 11 North American sawmills.
  • The company owns or leases approximately 1.4 million acres of timberlands in the United States and Canada and has 29 million acres of timber cutting rights in Canada.
  • Bowater is one of the world's largest consumers of recycled newspapers and magazines.

Statistics:

  • Bowater Incorporated has 12 pulp and paper mills in the United States, Canada, and South Korea.
  • The company operates 11 North American sawmills that produce softwood lumber.
  • Bowater has approximately 1.4 million acres of timberlands owned or leased in the United States and Canada and 29 million acres of timber cutting rights in Canada.
  • The company consumes approximately 1 million tons of recycled newspapers and magazines annually.

Sources:

  • CCNMatthews
  • Comtex SmarTrend(SM) Alert
  • Bowater Incorporated
  • Georgia-Pacific Corporation
  • University of Michigan
  • Cornell University
  • New York Stock Exchange
  • Pacific Exchange
  • Toronto Stock Exchange (TSX)

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