Richard Garneau, President and CEO of Resolute Forest Products, Named RISI's 2012 North American CEO of the Year
BEDFORD, Mass., July 31, 2012 /PRNewswire/ -- RISI, the leading information provider for the global forest products industry, today announced Mr. Richard Garneau, President and Chief Executive Officer of Resolute Forest Products, has been selected as RISI's 2012 North American CEO of the Year. RISI, the leading information provider for the forest products industry, gives the award to honor industry leaders who have made significant achievements over the past year. The award will be presented at RISI's 27th North American Forest Products Conference in Boston, Massachusetts on October 3 – 5, 2012.
Mr. Garneau was chosen for his leadership, vision, and strategic accomplishments in a survey of investment analysts and portfolio managers who cover the forest products industry. "The competition was close among this year's finalists, but Mr. Garneau undeniably stood out among his peers," said Mark Rushton, Editor, Pulp and Paper International (PPI).
One analyst commented, "Richard Garneau has helped Resolute retake a leadership position in the industry, including the acquisition of Fibrek." Another said, "He has done an excellent job of deleveraging the company despite the challenges in certain markets, specifically newsprint."
Before joining Resolute Forest Products, Mr. Garneau served as President and Chief Executive Officer of Catalyst Paper Corporation from 2007 through 2010. Prior to his tenure at Catalyst, Mr. Garneau was Vice President of Pulp and Paper Operations at Domtar Inc. He also held a variety of roles at Norampac, Copernic.com, Future Electronics, St. Laurent Paperboard, Finlay Forest Industries, and Donohue Inc.
In addition to accepting his award at RISI's North American Forest Products Conference in Boston, Mr. Garneau will join the CEO panel. The conference will feature industry-leading experts and RISI's economists and engineers as they provide their outlook for the North American and global forest products industry.
About the RISI North American Forest Products Conference
The 27th RISI North American Forest Products Conference will be held at the Park Plaza Hotel in Boston, Massachusetts, October 3 – 5, 2012. The conference will address the key issues in today's North American forest products industry. The conference is sponsored by ABB, HP, ColorLok, Yale Global Institute of Sustainable Forestry, Siemens, and StepChange Consulting. More information regarding the conference program and registration information is available online at www.risi.com/naconf.
About UBM plc (www.ubm.com)
UBM plc is a leading global company. We inform markets and bring the world's buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
Owned by UBM plc, which is listed on the London Stock Exchange, RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia. More information can be found at www.risi.com.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. The Company owns or operates 21 pulp and paper mills and 22 wood products facilities in the United States, Canada and South Korea. Marketing its products in more than 90 countries, Resolute has third-party certified 100% of its managed woodlands to sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange. For more information, visit www.resolutefp.com. Resolute and other member companies of the Forest Products Association of Canada, as well as a number of environmental organizations, are partners in the Canadian Boreal Forest Agreement. The group works to identify solutions to conservation issues that meet the goal of balancing equally the three pillars of sustainability linked to human activities: environmental, social and economic. Resolute is also a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them.
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