Beth E. Ford and Kevin J. Hunt Join Board
SPOKANE, Wash.--(BUSINESS WIRE)--
Clearwater Paper Corporation (NYSE:CLW) today announced that Beth
E. Ford and Kevin J. Hunt have been appointed to the company's board of
directors, effective immediately.
"We are pleased to welcome Beth and Kevin to our board and look forward
to their insights and contributions," said Boh A. Dickey, chairman of
the board. "Beth's extensive background in consumer products and supply
chain operations, and Kevin's deep knowledge of the private label
industry, as well as their overall leadership talents, will be
invaluable to our board as we build on Clearwater Paper's successful
track record of growth and profitability."
Ms. Ford brings a wealth of consumer products and supply chain expertise
to the Clearwater Paper board. She currently serves as executive vice
president, chief supply chain & operations officer at Land O'Lakes.
Throughout her 25-year career, Ms. Ford has held leadership positions in
multiple industries, including flavor and fragrances (chemicals),
consumer package goods, publishing, and oil and gas. Prior to
joining Land O'Lakes, she served as executive vice president, head of
supply chain, at International Flavors and Fragrances (IFF). Before
that, she held a progression of supply chain and operations management
roles with Mobil Corporation, PepsiCo and Pepsi Bottling Company,
Hachette Book Group and Scholastic, Inc.
"I am excited about joining the Clearwater Paper board at an integral
time for the company," said Ms. Ford. "Clearwater Paper is an
outstanding company with a bright future ahead, and I look forward to
working with the board and management team to deliver enhanced
shareholder value."
Mr. Hunt brings more than 25 years of private label consumer experience
to the Clearwater Paper board. Mr. Hunt currently serves as chief
executive officer, president and director of Ralcorp Holdings, Inc.,
which manufactures, distributes and markets private-brand food products.
Mr. Hunt was appointed CEO in January 2012 and prior to that, served as
Co-CEO and president since 2003. Over the course of his career, he has
held various senior management roles, including corporate vice president
and president, Bremner Food Group and director of planning and director
of marketing at Ralston Purina.
"Clearwater Paper has established an outstanding reputation for
delivering high quality private label tissue and bleached paperboard
products to consumers," said Mr. Hunt. "I look forward to working with
the board and management team to contribute to the company's success
going forward."
Mr. Hunt has been appointed to the class of directors whose term of
office will expire at the 2013 annual meeting, when it is expected he
will be nominated for election to a three-year term. Ms. Ford has been
appointed to the class of directors whose term of office will expire at
the 2014 annual meeting. With these additions, Clearwater Paper's board
now consists of nine directors, seven of whom meet New York Stock
Exchange standards for independence.
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, including statements regarding growth, long-term shareholder
value and the expected contributions of the new directors. These
forward-looking statements are based on current expectations, estimates,
assumptions and projections 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,
but are not limited to, unanticipated manufacturing disruptions,
customers' product preferences, changes in the United States and
international economies, changes in raw material and energy costs,
cyclical industry conditions, competitive pricing pressure for the
company's products, changes in freight costs and disruptions in
transportation services, changes in general and industry-specific laws
and regulations, unforeseen environmental liabilities or expenditures,
labor disruptions, and other risks and uncertainties described from time
to time in the company's public filings with the Securities and Exchange
Commission. The forward-looking statements are made as of the date of
this press release and the company does not undertake to update any
forward-looking statements.
Clearwater Paper
News media:
Matt Van Vleet, 509-344-5912
or
CFO
John
Hertz, 509-344-5905
or
Investors:
IR Sense
Sean
Butson, 509-344-5906
Source: Clearwater Paper Corporation
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