Clearwater Paper Announces Departure of Chief Financial Officer

March 17, 2023 - Clearwater Paper on March 16 announced the planned departure of Michael Murphy as senior vice president and chief financial officer.

Murphy will continue to serve as the chief financial officer and assist the company in the transition through the second quarter of this year.

"We thank Mike for his many contributions to Clearwater Paper, particularly in helping us strengthen our financial position and helping guide us through the uncertainty of the COVID-19 pandemic," said Arsen Kitch, president and chief executive officer. "I am grateful for his three years with us and appreciate his support during this transition. We wish him well in his future endeavors."

Murphy commented, "I am honored to have had the opportunity to work with this team and believe that the company is well positioned for continued success."

Clearwater Paper (NYSE:CLW) is a premier supplier of private brand tissue to major retailers, including grocery, club, mass merchants, and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting, and cutting.

SOURCE: Clearwater Paper Corporation