Catalyst Paper announces departure of CFO
Oct 14, 2009. Catalyst Paper announced that it has accepted the resignation of David Smales, vice president, finance and CFO. He will leave the company effective November 4, 2009.
Oct 14, 2009. /Lesprom Network/. Catalyst Paper has accepted the resignation of David Smales, vice president, finance and CFO, the company said in a press release received by Lesprom Network.
He will leave the company effective November 4, 2009 to join a Toronto-based construction and infrastructure development firm. The search for a successor is underway and a special committee of the Board of Directors will review the shortlist of suitable candidates in due course.
"David has provided strong financial oversight during a period of significant change for our company and industry. He guided several key business transactions to timely completion," said President and CEO Richard Garneau, "and on behalf of the Board I want to thank David for his contributions to our successes to date."
Mr. Smales joined Catalyst in December 2005 as the vice-president, strategy and was appointed to his current role in April 2007.
Catalyst Paper manufactures diverse specialty printing papers, newsprint and pulp.