SPOKANE, Wash.--(BUSINESS WIRE)--
Clearwater Paper Corporation (NYSE: CLW) today announced the
appointment of John D. Hertz as senior vice president, finance and chief
financial officer. Hertz will assume the CFO responsibilities on August
6, 2012. He will replace Johnathan D. Hunter who has been serving as
interim CFO, and Mr. Hunter's role and title remains as vice president
and controller.
Hertz, 45, will have responsibility for financial reporting and
controls, investor relations, risk management, tax and treasury
functions. He most recently served as vice president and chief financial
officer for Novellus Systems, Inc. Novellus is a semiconductor
manufacturing equipment supplier with annual sales of approximately $1.6
billion and a category leader. Prior to Novellus, he held senior
positions at Intel Corporation including central finance controller of
the digital enterprise group, finance controller of the enterprise
platform services division and accounting policy controller. Prior to
joining Intel, Mr. Hertz served as a senior manager with KPMG.
"John's 23-year track record as a successful senior leader in
accounting, auditing and finance, combined with his strong investor
relations management background, clearly make him a strong addition to
our senior management team," said Gordon Jones, chairman and chief
executive officer.
Hertz earned a Bachelor of Science in business with an accounting
emphasis from Montana State University and was a practice fellow at the
Financial Accounting Standards Board (FASB).
ABOUT CLEARWATER PAPER
Clearwater Paper manufactures quality consumer tissue, away-from-home
tissue, parent roll tissue, machine glazed tissue, bleached paperboard
and pulp at 15 manufacturing locations in the U.S. and Canada. The
company is a premier supplier of private label tissue to major retailers
and wholesale distributors. This includes grocery, drug, mass merchants
and discount stores. The company also produces bleached paperboard used
by quality-conscious printers and packaging converters. Clearwater
Paper's employees build shareholder value by developing strong customer
relationships through quality and service.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, as
amended. These forward-looking statements are based on current
expectations that are subject to change, and actual results may differ
materially from the forward-looking statements. Factors that could cause
actual results to differ materially include those risks and
uncertainties described from time to time in the company's public
filings with the Securities and Exchange Commission. The company does
not undertake to update any forward-looking statements.
For additional information on Clearwater Paper, please visit our
website at www.clearwaterpaper.com
Clearwater Paper Corporation
(News media)
Matt Van Vleet,
509-344-5912
or
(Interim CFO)
John Hunter , 509-344-5947
or
(Investors)
Sean
Butson (IR Sense), 509-344-5906
Source: Clearwater Paper Corporation
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