Mosinee, Wi., USA - Wausau Paper announced that its president and chief executive officer, Henry C. Newell, has stepped down as CEO effective April 2, 2014, and plans to resign from the company’s board of directors after a brief transition period.
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Mr. Newell is the immediate past President and Chief Executive Officer of Wausau Paper.
He served as Executive Vice President and Chief Operating Officer from March 2011 through December 2012.
Previously Mr. Newell had been Senior Vice President, Paper, having joined the Company in 2007 as corporate Vice President, Business Development.
He previously held leadership positions at Atlas Holdings, Packaging Dynamics, Georgia-Pacific, Fort James and James River.
The Company also announced that Non-Executive Chairman Thomas J. Howatt will be retiring from the Board in advance of the Company’s 2014 Annual Meeting of Shareholders.
Mr. Howatt became non-executive Chairman of the Board effective February 15, 2012.
Mr. Howatt was President and Chief Executive Officer of the Company from 2000 through 2011.
Previously he was Senior Vice President Printing & Writing, Vice President and General Manager Printing & Writing Division, Vice President and General Manager Wausau Papers of New Hampshire, Vice President Operations Brokaw Division and Vice President Administration Brokaw Division.
He became a Director of the Company in 2000. Mr. Howatt’s current term as a director expires in 2014.
Michael C. Burandt, a Wausau Paper Board member since February 2012 and a member of the Board’s Audit and Corporate Governance committees, has been appointed interim Chief Executive Officer and will become Chairman following a brief transition period.
Mr. Burandt is a paper industry veteran, having served from 1988 until 2007, in various senior positions at Georgia Pacific Corporation, a manufacturer of tissue products, fine paper, building products, containerboard, packaging pulp, and DIXIE brand products.
From November 2000 until May 2007, he was Georgia Pacific’s Executive Vice President of North American Consumer Products, which included the at-home and away-from-home tissue businesses, fine paper business, bleached board business, and the DIXIE brand businesses.
Mr. Burandt was appointed to the Wausau Paper Board in February 2012. ■