Business News

Fraser Papers Announces Senior Management Appointments

Monday 10. March 2008 - Fraser Papers Inc. ("Fraser Papers" or the "Company") (TSX:FPS) announced today the following organizational changes:

Bill Manzer, currently Senior Vice President, Pulp and Paper Operations, will assume the position of Senior Vice President, Business Strategy and Projects. Bill will take over senior operating responsibility for the Company’s sawmill operations and will be responsible for the development and implementation of strategies to ensure an economic fibre supply for the Company’s Edmundston pulp mill. He will also lead existing initiatives to optimize the Company’s energy platforms at all operations and will provide critical leadership to the planning and execution of annual and major maintenance outages and other major capital projects. From a longer term strategic perspective, he will also identify and develop opportunities for corporate growth.

Jeff Dutton, currently General Manager of the Company’s East Papers operations, will assume the role of Senior Vice President, Operations and Chief Operating Officer. Jeff will have senior responsibility for the Company’s pulp and paper operations. In the interim, Jeff will continue to manage the Company’s East Papers operations until a replacement is announced.

Matt Nightingale will assume the role of Vice President, Marketing, of Fraser Papers Limited, the Company’s largest operating subsidiary. Matt, who was previously Director of Marketing, will continue to lead the Company’s marketing and product development initiatives.

“We are fortunate to have a significant depth and breadth of experience within the organization,” said Peter Gordon, President and Chief Executive Officer of Fraser Papers. “This realignment of responsibilities within our senior management team will ensure our continued and expedited progress on our business plans”.