Clearwater Paper names Linda Massman President and CEO

Lewiston, ID - The Clearwater Paper Corporation will have a new CEO to lead the company at the start of 2013.

The company, which employs 1,350 employees at it's Lewiston facility - announced on Friday that Linda K. Massman will become the company's next chief executive officer. She succeeds Gordon L. Jones, who - according to Clearwater paper - will retire from his roles as chief executive officer and chairman of the board of directors, on December 31st. Massman currently serves as president and chief operating officer, and will begin as president and CEO effective January 1st of 2013.

Ms. Massman will also join Clearwater Paper's board of directors at that time. Additionally, vice chairman and lead director of the board, Boh A. Dickey, has been appointed chairman of the board, effective January 1, 2013.

"Linda has been an integral part of the company's ability to design and execute its strategy from the beginning," said Dickey. "She came to Clearwater Paper as one of the company's original leaders after a rapid succession in finance and strategy development, and is now making the natural progression from chief operating officer to chief executive officer. She is the right person to lead Clearwater Paper as we enter our next phase of growth and development."

"I have had the pleasure of working closely with Linda since the company's spin-off in 2008 and she has been an integral part of Clearwater Paper's success," said Jones. "Since that time, we have executed on our growth strategy and successfully transformed our company into one of the largest and most successful premium private label tissue and bleached paperboard producers in North America. Under Linda's leadership, I am confident Clearwater Paper will continue to build on this track record of success."

According to Clearwater Paper, Massman was appointed vice president and CFO of Clearwater Paper in 2008, then named president and COO in November 2011.

"I am honored to take on the role of CEO of Clearwater Paper at this time of great opportunity," said Massman. "Given the market dynamics within private label, our track record of success and strategic plan for growth, I believe we are well positioned to continue to enhance stockholder value. We remain focused on expanding the geographic and channel reach of Clearwater Paper while executing on our cost efficiency and integration synergy goals. I look forward to working with the board, management team and our dedicated employees to continue Clearwater Paper's achievements for customers and investors."

"On behalf of the board and everyone at Clearwater Paper, I would like to thank Gordon for his leadership, commitment and countless contributions to our company," said Dickey. "We look forward to continuing to benefit from his experience as a director on the board, and we wish him all the best in his retirement."