SPOKANE, Wash.--(BUSINESS WIRE)--Mar. 21, 2019--
Clearwater Paper Corporation (NYSE: CLW) today announced the
appointment of Robert Hrivnak as senior vice president, finance and
chief financial officer, effective April 8, 2019. Mr. Hrivnak, age 58,
will be responsible for overseeing the company’s financial reporting and
controls, investor relations, risk management, tax and treasury
functions, and purchasing.
Linda K. Massman, president and chief executive officer, said, “On
behalf of the Board, I am pleased to welcome Robert to Clearwater Paper.
Robert is a seasoned executive who brings over three decades of
experience overseeing corporate controls, auditing, accounting, and
finance functions. We are confident we will benefit from his expertise
in leading rigorous process controls and bringing an operational focus
in partnering with our business segments. We look forward to his
contributions as we work on executing on our strategies of driving
strong financial performance and delivering value for our employees,
customers, and shareholders.”
Mr. Hrivnak joins Clearwater Paper from Itron, Inc., a U.S.-based
technology company that offers products and services to utilities and
municipalities in the management of their data and critical
infrastructure needs. Itron reported 2018 revenues of approximately $2.4
billion. Mr. Hrivnak most recently served as Itron’s chief accounting
executive – vice president and corporate controller. Prior to Itron, Mr.
Hrivnak held financial and accounting positions at Education Management
Corp., Fluor Corp., Tyco International Ltd. and Honda Motor Co., Ltd.
Mr. Hrivnak began his career as an auditor with KPMG LLP. He earned a
Bachelor of Science in business and accounting from The Ohio State
University and a Master of Business Administration from the University
of Wisconsin. He is also a certified public accountant.
Mr. Hrivnak succeeds John D. Hertz, who has left the company to pursue
“We thank John for his many contributions and wish him well in his
future endeavors,” said Ms. Massman.
Mr. Hertz commented, “I am honored to have had the opportunity to work
with this team, and believe the company is well positioned for continued
ABOUT CLEARWATER PAPER
Clearwater Paper manufactures quality consumer tissue, away-from-home
tissue, parent roll tissue, bleached paperboard and pulp at
manufacturing facilities across the nation. The company is a premier
supplier of private label tissue to major retailers and wholesale
distributors, including grocery, drug, mass merchants and discount
stores. In addition, the company produces bleached paperboard used by
quality-conscious printers and packaging converters, and offers services
that include custom sheeting, slitting and cutting. Clearwater Paper's
employees build shareholder value by developing strong customer
partnerships through quality and service.
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 the expected contributions and
benefits of the new officer and the company’s strategies. 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 based on new developments or changes to the
For additional information on Clearwater Paper, please visit our
website at www.clearwaterpaper.com.
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Source: Clearwater Paper Corporation
Clearwater Paper Corporation
Sr. Director, Corporate Communications
Clearwater Paper Corporation
Robin Yim, Vice
President, Investor Relations