AbitibiBowater Announces New Board of Directors for Restructured Company

Michael Rousseau (Oakville, ON/Montreal, QC) has been Executive Vice President & Chief Financial Officer of Air Canada since October 2007. Previous to Air Canada, he was President of Hudson's Bay Company (HBC). Prior to Joining HBC in 2001, he held senior executive financial positions at other large international corporations, including Moore Corporation in Chicago, Silcorp Limited and the UCS Group (a division of Imasco Limited). Mr. Rousseau currently serves on the board of Consumers' Waterheater Income Fund.