Richard D. Peach Joins Board
SPOKANE, Wash.--(BUSINESS WIRE)--Mar. 1, 2018--
Clearwater Paper Corporation (NYSE: CLW) today announced that
Richard D. Peach has been appointed to the company’s board of directors,
effective March 1, 2018. Mr. Peach will serve as a member of the audit
committee.
“We are excited to welcome Richard to our board and look forward to his
perspectives and contributions,” said Beth E. Ford, chair of the board.
“Richard's deep knowledge of finance, operations, and business strategy,
as well as his accounting expertise and experience in working with
cyclical industries, will be invaluable to Clearwater Paper.”
Mr. Peach currently serves as the senior vice president, chief financial
officer, and chief of corporate operations for Schnitzer Steel
Industries, Inc. (NASDAQ: SCHN), a manufacturer of recycled metal and
finished steel products. He began his career at Schnitzer Steel as
deputy chief financial officer in March 2007 and became chief financial
officer in December 2007.
Mr. Peach has been appointed to the class of directors whose term of
office will expire at the 2019 annual meeting, when it is expected he
will be nominated for election to a three-year term. With these
additions, Clearwater Paper’s board now consists of eight 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, 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.
For additional information on Clearwater Paper, please visit our
website at www.clearwaterpaper.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180301005247/en/
Source: Clearwater Paper Corporation
Clearwater Paper Corporation
(News media), Shannon Myers,
509-344-5967
(Investors), Robin Yim, 509-344-5906