Georgia-Pacific Paying Dividends on Two Stocks

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.