SPOKANE, Wash.--(BUSINESS WIRE)--
Clearwater Paper Corporation (NYSE:CLW) today announced that Beth
Ford has been appointed as chair to the company's board of directors
effective January 1, 2018.
Ms. Ford, the chief operating officer for Land O'Lakes Businesses, has
served on the Clearwater Paper board of directors since 2013. As chief
operating officer, Ms. Ford oversees Land O'Lakes' multi-billion dollar
U.S. businesses, which include Purina Animal Nutrition, Land O'Lakes
Dairy, and Winfield United, which provides crop inputs and agriculture
technology solutions. In her 30 years in business, Ms. Ford has held
senior and line leadership positions in seven companies across six
industries, including roles at International Flavors and Fragrances,
Mobil Corporation, PepsiCo and Pepsi Bottling Company, and Hachette Book
Group and Scholastic, Inc.
"We greatly value the retail, supply chain, and operations insight Beth
brings to us, which will help us improve our competitive position and
succeed in the marketplace," said Linda Massman, president and CEO. "On
behalf of the Clearwater Paper team, we extend our congratulations to
Beth as our new board chair."
Ms. Ford will succeed Boh Dickey as chair. Mr. Dickey has been a
Clearwater Paper board member since 2008 and chair since 2013. He is
expected to retire from the company's board at the end of his current
board term in May 2018 pursuant to the company's corporate governance
guidelines.
"Boh has been a driving force in developing and guiding our strategy,
positioning Clearwater Paper as one of the largest private label tissue
manufacturers and an efficient paperboard manufacturer, serving our
customers well over the years," added Massman. "I thank him for his
numerous contributions and critical decisions that have helped make our
company more successful."
With today's announcement, Clearwater Paper will be one of the few
publicly-traded companies in the U.S. with women serving as the CEO and
non-executive board chair.
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.
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 the expected contributions and
nominations of the new directors. 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 company's expectations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171204005719/en/
Clearwater Paper Corporation
News Media:
Matt Van
Vleet, 509-344-5912
matt.vanvleet@clearwaterpaper.com
or
Investors:
Robin
S. Yim, 509-344-5906
robin.yim@clearwaterpaper.com
Source: Clearwater Paper Corporation
News Provided by Acquire Media