BOWATER NAMES SENIOR VICE-PRESIDENT.GREENVILLE, SC--(BUSINESS WIRE)--Jan. 6, 1995--Arnold M. Nemirow, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Bowater Incorporated (NYSE NYSE See: New York Stock Exchange - BOW), announced the appointment of Arthur D. Fuller as a Senior Vice-President of the Company and, effective March 1, as President of the newly created Bowater Newsprint Division which will be based in Greenville. Fuller, 50, has been Vice-President-Finance of MacMillan Bloedel (U.S.A.) Inc. Earlier, Fuller held financial and general management positions with Great Northern Nekoosa Corporation, including that of Vice-President and General Manager of their Great Southern Division from 1987 to 1990. Nemirow also announced that in March Bowater will decentralize de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. its operations into four divisions: Newsprint, Coated Papers and Pulp, Great Northern Paper, and Bowater Communications Papers, each with a management team responsible for the profitability of its products and assets. He noted that Fuller's designation as head of the Newsprint Division is an important initial step in this decentralization de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. process, which will serve to enhance Bowater's customer focus in its major markets. Bowater Incorporated is a manufacturer of recycled and virgin fiber newsprint, coated and uncoated virgin fiber and recycled groundwood publication papers, bleached kraft market pulp and lumber. It is also a converter of communication papers for computer forms and other business applications. Bowater Incorporated common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , U.S. regional exchanges, the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and the Swiss Stock Exchanges. CONTACT: Bowater Inc.
A. M. Nemirow
803/282-9222
or D. J. D'Antuono
803/282-9370
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