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Robertson Named Restructuring Chief At AbitibiBowater

July 2, 2009 (FinancialWire) — Canadian papermaker AbitibiBowater (OTC: ABWTQ) has appointed Bruce K. Robertson as its chief restructuring officer. Robertson recently served as senior managing partner at Brookfield Asset Management Inc.

At Brookfield, Robertson managed more than $7 billion in North American distressed private equity, bridge lending, and real estate finance strategies.

At AbitibiBowater, Robertson’s primary responsibility will be to support company efforts in the restructuring process stemming from AbitibiBowater’s creditor protection filings.

The company said it has obtained a court order in the U.S. authorizing the appointment of Robertson.

Montreal-based AbitibiBowater produces a range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world. The company owns or operates 23 pulp and paper facilities and 30 wood products facilities located in the United States, Canada, the United Kingdom and South Korea.

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