Bowater Names New Chairman

David Paterson gets the nod.
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Bowater

(BOW)

said its board appointed David J. Paterson as chairman, effective Jan. 1.

Paterson will take over from Arnold M. Nemirow, who announced his intention to retire at the end of 2006.

Paterson joined Bowater in May 2006 as president and chief executive officer.

Bowater also promoted Duane A. Owens as vice president and treasurer. He was earlier the assistant treasurer and director of investor relations.

The Greenville, S.C.-based company also named Colin R. Wolfe as vice president of financial planning and analysis. He was previously vice president and treasurer.

The shares of the company were trading up 6 cents, or 0.30%, at $20.37 in after-hours activity Thursday.

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