NewPage Names Sheffield Controller, Chief Accounting Officer
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NewPage Holdings Inc., Miamisburg, Ohio, USA, has appointed Linda Sheffield controller and chief accounting officer for NewPage and its subsidiaries, effective October 1. Sheffield has been with NewPage Corp. since its inception in 2005 and has served in key positions including treasurer and VP of finance, and most recently as VP of compliance. She was responsible for establishing new systems, internal controls, Sarbanes Oxley compliance, internal audit, and other processes necessary for corporate governance when NewPage was formed in 2005. As the company expanded, she led the finance integration of the businesses following the Stora Enso North America acquisition in 2007.
Sheffield previously held positions with increasing responsibility for predecessors to NewPage Corp. for more than 25 years. During this period, she held various positions including VP of finance with responsibility for the controllers group and shared services, VP of audit, and a division VP of finance and logistics. She also led finance integration activities following several major mergers and acquisitions.
Sheffield is replacing Patrick Buchenroth who resigned from the position of controller and chief accounting officer for NewPage and its subsidiaries, effective September 30. Buchenroth is leaving to take a senior operations role with a company in another industry.
"Linda has tremendous experience and we are excited to have her assume the role of controller and chief accounting officer. We also want to thank Pat who provided strong technical support on complex accounting issues during a transitional time for NewPage and wish him well in his new position," said Jay Epstein, SVP and CFO for NewPage. "Linda and Pat have worked closely together and will continue to do so over the next few weeks to ensure a smooth transition for the financial reporting group."
NewPage is a producer of printing and specialty papers in North America with $3.1 billion in net sales during 2012. The company owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin, with a total annual production capacity of some 3.5 million tons of paper. The company's portfolio of paper products includes coated, supercalendered, and specialty papers.
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