NewPage Announces New Board Of Directors
MIAMISBURG, Ohio, Dec. 21, 2012
MIAMISBURG, Ohio, Dec.21, 2012 /PRNewswire/ --NewPage Corporation announced
today the members of its new Board of Directors.
Mark A. Angelson, former Chicago Deputy Mayor and chief executive officer of
RR Donnelley who also led World Color Press out of bankruptcy and guided
itscombination withQuad/Graphics,has been named chairman. He will be joined
by paper industry leaders Robert M. Amen, former president of International
Paper Company and John F. McGovern, former chief financial officer of Georgia
Pacific Corporation. Robert J. Bass, a member of the audit committee of
Groupon and arecently retired vice chairman of Deloitte LLP,alsohas been
named to the board, along with Paul E. Huck, senior vice president and chief
financial officer of Air Products & Chemicals, Inc., Lisa J. Donahue, managing
director in the Turnaround and Restructuring Practice of AlixPartners LLC,and
Eric D. Muller, managing director in the Principal Investment Area of Goldman
Sachs.George F. Martin, chief executive officer for NewPage, is the only
continuing member of the board.
For more information, please visit www.NewPageCorp.com.
NewPage is the leading producer of printing and specialty papers in North
America with $3.5 billion in net sales for the year ended December 31, 2011.
NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in
Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have
a total annual production capacity of approximately 3.5 million tons of paper.
The company's product portfolio is the broadest in North America and includes
coated, specialty, supercalendered and uncoated papers. These papers are used
in commercial printing to create corporate collateral, magazines, catalogs,
books, coupons, inserts and direct mail as well as in specialty paper
applications including beverage bottle labels, food and medical packaging,
pressure-sensitive labels and release liners. To learn more, visit
This press release may contain "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe," "anticipate," "expect,"
"estimate," "intend," "project," "plan," "will likely continue," "will likely
result," or words or phrases with similar meaning. Forward-looking statements
involve risks and uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of our control,
that may cause our business, strategy or actual results to differ materially
from the forward-looking statements.Factors that could cause actual results
to differ materially from the forward-looking statements include, among
others, our substantial level of indebtedness; our ability to obtain
additional financing or refinance our indebtedness may be limited; changes in
the supply of, demand for, or prices of our products; general economic and
business conditions in the United States and Canada and elsewhere; the ability
of our customers to continue as a going concern, including our ability to
collect accounts receivable according to customary business terms; the
activities of competitors, including those that may be engaged in unfair trade
practices; changes in significant operating expenses, including raw material
and energy costs; changes in currency exchange rates; changes in the
availability of capital; changes in the regulatory environment, including
requirements for enhanced environmental compliance; and other risks and
uncertainties that are detailed in our filings with the Securities and
Exchange Commission and with the Bankruptcy Court.The company does not
intend, and undertakes no obligation, to update any forward-looking
(Logo: http://photos.prnewswire.com/prnh/20110217/CL49746LOGO )
SOURCE NewPage Corporation
Contact: Shawn Hall, NewPage, +1-937-242-9373
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