Domtar President and CEO, John D. Williams, to Return from Medical Leave of Absence

Rhea-AI Summary

Domtar Corporation (NYSE: UFS) announced that John D. Williams will return as President and CEO on March 1, 2021, after a temporary medical leave. Daniel Buron, who took on Williams' responsibilities during his absence, will continue as Executive Vice President and CFO. Domtar, a leading producer of fiber-based products, boasts annual sales of approximately $3.7 billion and serves customers across 50 countries. The company's commitment to sustainable wood fiber translates into essential products for everyday use.

Positive

• John D. Williams' return as CEO may restore leadership stability.
• Continued strong leadership from Daniel Buron as CFO.

Negative

• Temporary leadership absence could have caused operational disruptions.

Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that John D. Williams will return from temporary medical leave and is resuming authority and responsibility as President and Chief Executive Officer on Monday, March 1^st, 2021.

Daniel Buron, who assumed Mr. Williams’ duties during his leave of absence, will continue in his position as Executive Vice President and Chief Financial Officer. Domtar’s Board of Directors is grateful to Mr. Buron for leading in an expanded role during the past month.

About Domtar
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products. With approximately 8,700 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $3.7 billion, and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar’s principal executive office is in Fort Mill, South Carolina. To learn more, visit www.domtar.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005309/en/

FAQ

When will John D. Williams return as CEO of Domtar?

John D. Williams will return as President and CEO on March 1, 2021.

Who served as CEO during John D. Williams' medical leave?

Daniel Buron served as acting CEO during John D. Williams' medical leave.

What is the annual sales figure for Domtar Corporation?

Domtar Corporation has annual sales of approximately $3.7 billion.

What products does Domtar Corporation provide?

Domtar provides fiber-based products including papers, market pulp, and hygiene products.