X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Georgia-Pacific Corp. has picked David J. Paterson, president of the paper and bleached board division, as executive vice president of the pulp and paperboard sector.

The move comes as the locally based paper products manufacturer and timber-growing conglomerate prepares to sell its communication papers business this month to Montreal-based Domtar Inc. for a so-far undisclosed sum. Paterson had been responsible for sales and manufacturing within the communication papers division.

He succeeds Stephen E. Macadam who is getting into another undisclosed business, according to Georgia-Pacific’s prepared statement. Paterson has been with Georgia-Pacific since 1987.

The company is also paying a regular quarterly dividend Aug. 22 on two classes of common stock. Georgia-Pacific Group shareholders will received 12 ½ cents per share. The Timber Co. shareholders will be paid 25 cents per share. Holders of record on Aug. 13 are eligible for the dividends.

Georgia-Pacific logs annual average sales of $27 billion; employs 85,000 at 600 locations in North America and Europe; and is considered among the nation’s leading wholesale suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.