NewPage Corp., Miamisburg, Ohio, USA, this week announced that E. Thomas Curley has resigned as president and CEO and as a director of NewPage and its affiliates. In addition, NewPage announced that the boards of directors of NewPage and its affiliates have accepted the resignations of Mark A. Suwyn as chairman and a director of the companies, and the resignation of Michael Edicola as VP, human resources.
NewPage also announced the appointment of Robert L. Nardelli as a director and non-executive chairman of the board of NewPage and its affiliates. Nardelli is currently the CEO of Cerberus Operating and Advisory Company, an affiliate of the controlling stockholder of NewPage, a role that he will continue while acting as non-executive chairman of NewPage and its affiliates.
"We thank Mark, Tom, and Mike for their accomplishments at NewPage, and wish them well in their future endeavors," Nardelli said. "I will be involved on an ongoing basis as NewPage undergoes this transition to new leadership."
The NewPage board has formed an executive search committee to identify, interview, and recommend to the Board a new CEO. The committee will consider both internal and external candidates for the position.
NewPage is the largest coated paper manufacturer in North America, based on production capacity, with $3.1 billion in net sales for the year ended December 31, 2009. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint, and specialty papers. The company owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin, and Nova Scotia, Canada. These mills have a total annual production capacity of approximately 4.4 million tons of paper, including 3.2 million tons of coated paper, 1.0 million tons of uncoated paper, and 200,000 tons of specialty paper.
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