Board Converting News, November 16, 2020

Lalonde To Succeed Laflamme As President/CEO Of Redolute

directors. The announcement coincides with Resolute’s third quarter 2020 results. “The Resolute board of directors enthusiastically sup- ports Remi Lalonde’s selection as the company’s next president and CEO,” said Bradley P. Martin, Chairman of the Board of Directors. He has an outstanding track record of success as well as strength of character and exemplary personal integrity. Remi’s superior leadership skills demonstrated on a range of strategic initiatives have consistently impressed the board. He has very good relationships with our stakeholders, sharp ana- lytical skills, impressive credentials, and a strong busi- ness drive. We are confident he will guide the company through its ongoing strategic transformation, delivering improved shareholder value. Remi is the right person at the right time for Resolute.” As President and CEO, Yves Laflamme advanced Res- olute’s strategic transformation, divesting non-core as-

Montreal, Quebec, Canada based Resolute Forest Products Inc. has announced that after a 39-year dis-

tinguished career with Resolute, Yves Laflamme will be stepping down, and retiring, as of March 1, 2021. The Board of Directors has unanimously selected and ap- pointed Remi G. Lalonde as the company’s next President and Chief Executive Officer, effective on the same date.

Remi Lalonde

Lalonde, 44, currently serves as Senior Vice President and Chief Financial Officer. Upon becoming president and CEO, Mr. Lalonde will be appointed to Resolute’s board of

sets and using the proceeds for debt repay- ment, organic growth in the company’s pulp business, and acquisition of three sawmills in the southern U.S. He has been a steadfast

supporter in the de- velopment of inter- nal talent, building a strong crop of future company leaders. During the COVID-19 pandemic, Laflamme has guided the com- pany in exceedingly

Yves Laflamme

difficult times while generously supporting the communities in which employees work and live. He is expected to continue to sup- port the company and Lalonde in an adviso- ry capacity after March 1, 2021, working on specific mandates. “The Board of Directors express their ap- preciation to Yves Laflamme for a job well done,” added Martin. “Yves reinforced Res- olute’s vision and values, focusing on safe- ty, sustainability, profitability, accountability and teamwork. His commitment to continu- ous improvement, particularly in the area of costs, serves as a model to the entire orga- nization, including the company’s leadership team and board. His leadership of Resolute and set the foundation for shared prosper- ity. Yves’ unwavering commitment to work- place safety and environmental stewardship earned Resolute extensive North American and global recognition.” “I’m honored to succeed Yves Laflamme,” said Lalonde. I’m confident Resolute’s cul- ture, one of dedication, rigor, teamwork and setting high expectations, is exactly what we need to build on our progress.”

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November 16, 2020

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