PaperAge Magazine

Verso Corporation Announces Board Chairman Succession Plan

Verso Corporation

Oct. 9, 2017 - Verso Corporation today announced that Robert M. Amen, chairman of the company's board of directors, has decided not to stand for reelection at the company's 2018 annual meeting of stockholders and, in connection with his decision, has resigned as chairman of the board effective October 6, 2017.

In connection with Amen's resignation as chairman, the Verso board has selected Eugene I. Davis, chair of the Strategic Advisory Committee and chair of the Finance and Planning Committee of the board, and Alan J. Carr, chair of the Compensation Committee of the board, as interim co-chairmen of the board.

In a joint statement, Davis and Carr said, "On behalf of the entire board, we want to express our gratitude to Rob for his service to Verso. With grace, wisdom and dedication, Rob led by example as chairman of the board. We are pleased that he intends to remain on the board until the end of his term as a director, and we wish him the best in all of his future endeavors."

Verso is a leading North American producer of printing and specialty papers and pulp. To learn more, please visit versoco.com

SOURCE: Verso Corporation