Jan. 26, 2011 (Canada NewsWire Group) --
TEMISCAMING, QC, Jan. 26 /CNW Telbec/ - Tembec today announced that John Valley, Executive Vice President, Business Development and Corporate Affairs, will be retiring from the Company effective January 31, 2011. An industry veteran, Mr. Valley joined Tembec in late 2005 when he was asked to take on this role.
"In early January, John indicated to me that he would like to retire. As a member of the Company's executive team, he has been an important contributor to the transformation of Tembec into a leaner and more focused organization. On behalf of the Company, I thank him for his service and wish both John and his wife Myra the very best as they enter this next phase of their lives," said James Lopez, President and Chief Executive Officer of Tembec.
Tembec is a large, diversified and integrated forest products company which stands as the global leader in sustainable forest management practices. The Company's principal operations are located in Canada and in France. Tembec's common shares are listed on the Toronto Stock Exchange under the symbol TMB and warrants under TMB.WT. Additional information on Tembec is available on its website at www.tembec.com.
Michel J. Dumas
Executive Vice President, Finance and Chief Financial Officer