Feb 21, 2012. /Lesprom Network/. Catalyst Paper Corporation's Board of Directors has elected Jeffrey Marshall as Chair of the Board to replace Benjamin Duster. Mr. Marshall is also the Chair of Ormet Corporation and serves on the Boards of Lakefield College School Foundation and Brand Energy and Infrastructure Services Inc. Mr. Marshall has been a Director of Catalyst since 2006. Mr. Duster will continue to serve as a valued member of the Board of Directors of Catalyst Paper, as the company said in a press release received by Lesprom Network. Catalyst also announced that Denis Jean resigned from the Board of Directors of the company effective February 2, 2012 for personal reasons. The company also announced that Third Avenue Management LLC has filed an early warning report and press release announcing that it has sold 105,105,509 common shares of Catalyst, which represents approximately 27.52% of the issued and outstanding shares of Catalyst. Third Avenue Management LLC announced that following the sale it no longer has ownership of, or control or direction over, any shares of Catalyst. Catalyst manufactures diverse specialty printing papers, newsprint and pulp. With four mills located in British Columbia and Arizona, Catalyst has a combined annual production capacity of 1.9 million tonnes.