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Canada In-Focus: AbitibiBowater Names Garneau To Board

June 7, 2010 (FinancialWire) — AbitibiBowater Inc. (OTC: ABWTQ) has appointed Richard Garneau to serve on its board of directors. The company also said that Anthony F. Griffiths has stepped down as a member of the board.

Griffiths has been a member of the AbitibiBowater board since April 2008. He joined the AbitibiBowater Board as a result of Fairfax Financial Holdings Ltd.’s (TSX: FFH) (NYSE: FFH) exercise of its right to appoint two directors to the board under the terms of a purchase agreement of Fairfax's March 2008 private placement.

Garneau will join the board effective June 3. He most recently served as president and CEO of Catalyst Paper from March 2007 to May 2010. Prior to his tenure at Catalyst, Garneau was SVP for the Forest Products Group of Domtar before assuming the role of EVP of operations for the overall company.

Canada-based AbitibiBowater produces a range of newsprint, commercial printing papers, market pulp and wood products. The company owns or operates 22 pulp and paper facilities and 26 wood products facilities located in the United States, Canada and South Korea.

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