Catalyst Paper Announces CEO Departure
 Print this article | Send to Colleague
Catalyst Paper, Richmond, B.C., Canada, this week announced that president and CEO Kevin J. Clarke will step down from his position later this spring. 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," Lederer said, "and served to put Catalyst on better footing to address the ongoing challenges of the fiercely competitive paper and pulp industry."
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 produces 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 metric tons.
|
|
