SPOKANE, Wash.--(BUSINESS WIRE)--
Clearwater Paper Corporation (NYSE:CLW) today announced Linda K.
Massman has been named president and chief operating officer, effective
November 1, 2011. She continues to report to Gordon Jones, chairman and
Massman will be responsible for leading the company's business
operations, including manufacturing, sales and marketing, environmental,
safety, transportation and logistics.
Massman has served Clearwater Paper as chief financial officer since the
company's spin-off from Potlatch Corporation in December 2008. Before
joining Clearwater Paper, Massman was group vice president, finance and
corporate planning for Albertsons and then SUPERVALU Inc. Previous
positions also included finance and consulting roles at Accenture,
Ralphs Grocery Company and Bank of America.
"Linda Massman has been an integral part of the company's strategic
planning process and a major contributor to the overall success of
Clearwater Paper," said Gordon Jones, chairman and CEO. "Ms. Massman's
strong background in finance, consumer retail and business strategy
makes her an excellent choice for this expanded responsibility."
"As part of her new role, Ms. Massman will oversee the completion of the
integration of Cellu Tissue operations as well as the continued startup
of the new Shelby facility," added Jones. "Her significant experience
will help lead the company in accomplishing our strategic goals of
growing our consumer tissue business and optimizing pulp and paperboard."
Massman earned a Bachelor of Business Administration from the University
of North Dakota and an MBA from Harvard Business School. She will
continue to serve as CFO until her replacement is identified, and she
will continue to be based at Clearwater Paper'sSpokane headquarters.
ABOUT CLEARWATER PAPER
Clearwater Paper manufactures quality consumer tissue, away-from-home
tissue, hard roll tissue, machine glazed tissue, bleached paperboard,
pulp and wood products 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 4,000 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 company's strategic goals.
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, the company's ability to successfully
implement its expansion strategies; difficulties with the integration
process or the realization of the benefits expected from the company's
acquisition of Cellu Tissue; the company's ability to complete its new
facilities; competition from larger producers; 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; unanticipated
manufacturing disruptions; 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
For additional information on Clearwater Paper, please visit our
website at www.clearwaterpaper.com.
Clearwater Paper Corporation
Matt Van Vleet,
Sean Butson (IR Sense),
Source: Clearwater Paper Corporation
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