AbitibiBowater Changing Name to Resolute Forest Products

Located in Montreal, AbitibiBowater will change its name to Resolute Forest Products effective Nov. 7.

"We are changing our name to Resolute Forest Products to better reflect the fundamental characteristics of the company we are today, including our determination, strength and resolve to be a profitable, sustainable organization," stated Richard Garneau, president and chief executive officer. "With our competitive cost structure, diversified revenue base and strong balance sheet, we are well-positioned for the long term."

The change follows an initiative, launched in April, in which employees were invited to suggest a new name for the company. An internal selection committee and the executive team chose Resolute Forest Products from among approximately 1,400 employee submissions.