Business News

AbitibiBowater Appoints Chief Restructuring Officer

Friday 03. July 2009 - AbitibiBowater announced today that the Company has appointed Mr. Bruce K. Robertson as Chief Restructuring Officer.

Mr. Robertson’s primary responsibility will be to support Company efforts in the restructuring process stemming from AbitibiBowater’s creditor protection filings. He will work closely with the Executive Team and report to David J. Paterson, President and Chief Executive Officer.

“We are pleased to have Bruce Robertson on board and to share his expertise in corporate finance and restructurings,” stated David Paterson. “I look forward to working closely with Bruce and the Company’s Board, Management and creditors to move, as quickly as possible, towards a negotiated settlement of claims and a comprehensive restructuring plan that will make AbitibiBowater a stronger, more sustainable organization.’

Mr. Robertson recently served as Senior Managing Partner at Brookfield Asset Management Inc. At Brookfield, he held a number of operational roles, managing over $7 billion in North American distressed private equity, bridge lending, and real estate finance strategies. In his capacity as a senior executive of Brookfield, Mr. Robertson served on a number of private and public boards. He holds a Bachelor of Commerce from Queen’s University.

AbitibiBowater has obtained a court order in the U.S. authorizing the appointment of Mr. Robertson.