Fraser Papers Inc. announced recently the appointment of Glen McMillan as Chief Restructuring Officer of the Company. Mr. McMillan will report to the Board of Directors and will oversee the completion of the restructuring of Fraser Papers and its subsidiaries under the Companies’ Creditors Arrangement Act ("CCAA") and Chapter 15 of the U.S. Bankruptcy Code. Mr. Peter Gordon, the Company’s Chief Executive Officer, resigned effective May 14, 2010, but will remain on the Board of Directors of Fraser Papers to assist in the remaining steps of the restructuring process.
On June 18, 2009, citing continued operating losses, weak markets for pulp and lumber, impending debt repayments and significant pension funding obligations, the Company filed for creditor protection under the CCAA in Canada and Chapter 15 in the U.S.
News within the industry of pulp and paper, Mar, 10 2026
