Edition:
United States

Clearwater Paper Corp (CLW.N)

CLW.N on New York Stock Exchange

17.67USD
24 Jun 2019
Change (% chg)

$-0.13 (-0.73%)
Prev Close
$17.80
Open
$17.80
Day's High
$17.80
Day's Low
$17.54
Volume
3,002
Avg. Vol
56,606
52-wk High
$35.23
52-wk Low
$16.05

Summary

Name Age Since Current Position

Alexander Toeldte

59 2018 Lead Independent Chairman of the Board

Linda Massman

52 2013 President, Chief Executive Officer, Director

Robert Hrivnak

58 2019 Chief Financial Officer, Senior Vice President - Finance

Michael Gadd

54 2011 Senior Vice President, General Counsel, Corporate Secretary

Arsen Kitch

37 2018 Senior Vice President, General Manager, Consumer Products Division

Kari Moyes

51 2015 Senior Vice President - Human Resources

John Corkrean

53 2019 Director

Joe Laymon

66 2019 Director

Kevin Hunt

67 2013 Independent Director

William Larsson

73 2008 Independent Director

John O'Donnell

59 2016 Independent Director

Biographies

Name Description

Alexander Toeldte

Mr. Alexander Toeldte is Lead Independent Chairman of the Board of the Company, Mr. Toeldte has been a director since April 2016. Mr. Toeldte has served as the Chairman of Jitasa, Inc., a privately held provider of software and accounting services for non-profit organizations, since 2014 and is a member of its Compensation Committee. He served as a director of Xerium Technologies, Inc. (NYSE:XRM), a global provider of industrial consumable products and services from 2016 until the company’s sale in 2018 and was a member of its Compensation Committee and Governance Committee. He served as an operating director at Paine & Partners, LLC, a private equity firm from 2015 to 2016. Mr. Toeldte served as President, CEO and a director of Boise Inc., a paper manufacturer, from February 2008 to 2013 and at Boise Cascade and as its Executive Vice President, paper, packaging and newsprint segments from October 2005 to 2008. Mr. Toeldte’s previous experience includes serving as Executive Vice President of Fonterra Co-operative Group from 2001 to 2003, a New Zealand based global dairy company, and CEO of Fonterra Enterprises. Mr. Toeldte served in various capacities with Fletcher Challenge Limited Group from 1999 to 2001, a New Zealand based group with holdings in paper, forestry, building materials, and energy, including as CEO of Fletcher Challenge Building from 2000 to 2001 and Fletcher Challenge Paper from 1999 to 2000, as well as Group CFO in 1999. He also served as Chair of the board of Fletcher Challenge Canada. Mr. Toeldte served as a partner at McKinsey & Company from 1986 to 1999 in Toronto, Brussels, Montreal, and Stockholm, and as Chairman of the American Forest & Paper Association in 2012. Our Nominating and Governance Committee believe Mr. Toeldte’s experience in the consumer products and paper industries, financial expertise, and leadership experience make him an asset to our Board.

Linda Massman

Ms. Linda K. Massman is President and Chief Executive Officer, Director of the Company. Ms. Massman has been a director since January 2013. Ms. Massman has served as President and CEO of Clearwater Paper since January 1, 2013 and served as President and COO from November 2011 to December 2012. Ms. Massman served as CFO and Senior Vice President, Finance from May 2011 to November 2011, and as CFO and Vice President, Finance from December 2008 to May 2011. From September 2008 to December 2008, Ms. Massman served as Vice President of Potlatch Corporation pending completion of the spin-off of Clearwater Paper Corporation. From May 2002 to August 2008, Ms. Massman was Group Vice President, Finance and Corporate Planning, for SUPERVALU Inc., a grocery retail company. Ms. Massman has served as a director of TreeHouse Foods, Inc. (NYSE:THS) since 2016 and is a member of its Audit Committee. She served as a member of their Nominating and Governance Committee from 2016 to 2018. Ms. Massman also served as a Director for Black Hills Corporation (NYSE: BKH), an energy company, from 2015 to 2018 and was a member of its Compensation Committee. In 2017, Ms. Massman served as board chair for the American Forest & Paper Association, the national trade association of the forest products industry. Our Nominating and Governance Committee believe Ms. Massman’s extensive experience with our Company and financial background make her an asset to our Board.

Robert Hrivnak

Mr. Robert G. Hrivnak has been appointed as Chief Financial Officer, Senior Vice President - Finance of the company, Effective April 08, 2019. 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.

Michael Gadd

Mr. Michael S. Gadd is Senior Vice President, General Counsel, Corporate Secretary of the Company. He has served as Senior Vice President since May 2011 and General Counsel and Corporate Secretary since December 2008. He served as Vice President from December 2008 to May 2011. From March 2006 to December 2008, Mr. Gadd served as Associate General Counsel of Potlatch Corporation, and served as Corporate Secretary of Potlatch from July 2007 to December 2008. From January 2001 to January 2006, Mr. Gadd was an attorney with Perkins Coie, LLP in Portland, Oregon.

Arsen Kitch

Mr. Arsen S. Kitch is Senior Vice President, General Manager, Consumer Products Division of the Company. He has served as Senior Vice President, General Manager, Consumer Products Division since May 2018 and served as Vice President, General Manager, Consumer Products Division from January 2018 to May 2018. He served as Vice President, Finance from January 2015 through December 2017, and served as Senior Director, Strategy and Planning from August 2013 through December 2014. Mr. Kitch was with Nestlé, a food manufacturer, from 2011 to 2013 including as a Finance Director in his final position.

Kari Moyes

Ms. Kari G. Moyes is Senior Vice President - Human Resources of the Company. She has served as Senior Vice President, Human Resources since February 2015, and served as Vice President, Labor Relations from July 2013 through January 2015. From November 2010 through June 2013, Ms. Moyes served as National Director of Human Resources for Nestlé. Prior to her tenure with Nestle, Ms. Moyes spent 10 years with Pepsico in various capacities.

John Corkrean

Mr. John J. Corkrean has been appointed as Director of the company. Effective May 01, 2019.

Joe Laymon

Mr. Joe W. Laymon has been appointed as Director of the company, Effective May 01, 2019.

Kevin Hunt

Mr. Kevin J. Hunt is Independent Director of the Company. He has been a director since January 2013. From January 2013 to January 2014 he served as a consultant to ConAgra Foods, Inc., which acquired Ralcorp Holdings Inc. in January 2013. Mr. Hunt served as President, CEO and a Director of Ralcorp Holdings Inc., a producer of private-brand foods and food service products from January 2012 to January 2013. He served as Co-CEO and President of Ralcorp from 2003 until 2012 and as a director from 2004 until the company’s acquisition. Prior to that period, Mr. Hunt was Corporate Vice President and President of Bremner Food Group. Mr. Hunt served as an advisory director of Berkshire Partners, a private equity firm, from 2013 to 2015. He served as a director of Vi Jon, a manufacturer of private label personal care products owned by Berkshire Partners, from 2012 to 2017. Mr. Hunt has served as a director of Energizer Holdings, Inc. (NYSE: ENR), a manufacturer of primary batteries and portable lighting products, since its spin-off from Edgewell Personal Care Company in July 2015 and is a member of its Nominating and Compensation Committee. In August 2018, he began serving as a senior advisor for CH Guenther and Sons, a leading producer of branded and private-label food products. Our Nominating and Governance Committee believe his experience with private label consumer product companies, financial expertise, strategical thinking and both management and board experience make him an asset to our Board.

William Larsson

Mr. William D. Larsson is Independent Director of the Company. Mr. Larsson has been a director since December 2008. Mr. Larsson served as Senior Vice President and CFO of Precision Castparts Corp., an industrial manufacturing company, from August 2000 until his retirement in December 2008. Mr. Larsson serves as a director and chair of the Nominating and Corporate Governance Committee and is a member of the Audit Committee of Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), a manufacturer of recycled metal products. Mr. Larsson served as lead director of Schnitzer Steel from 2008 to 2014. Our Nominating and Governance Committee believe his experience as a founding director, as a financial expert, and experience as a lead independent director of another company make him an asset to our Board.

John O'Donnell

Mr. John Patrick O'Donnell, Ph.D., is Independent Director of the Company. Mr. O’Donnell has been a director since April 2016. Mr. O’Donnell has served as President and CEO of Neenah, Inc. (NYSE: NP), a global specialty materials company, since May 2011 and as a director since November 2010. He served as Neenah Inc.’s COO from June 2010 to May 2011 and as President, Fine Paper from 2007 to June 2010. Mr. O'Donnell was employed by Georgia-Pacific Corporation from 1985 until 2007 and held increasingly senior management positions in the Consumer Products division where he served as President of the North American Retail Business from 2004 through 2007, and as President of the North American Commercial Tissue business from 2002 through 2004. Our Nominating and Governance Committee believe Mr. O’Donnell’s leadership and consumer product paper industry experience make him an asset to our Board.

Basic Compensation

Name Fiscal Year Total

Alexander Toeldte

208,711

Linda Massman

4,045,900

Robert Hrivnak

--

Michael Gadd

1,073,660

Arsen Kitch

851,759

Kari Moyes

828,881

John Corkrean

--

Joe Laymon

--

Kevin Hunt

194,505

William Larsson

205,032

John O'Donnell

177,532
As Of  30 Dec 2018