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Clearwater Paper Announces Divisional Executive Appointments

Clearwater Paper Corporation (NYSE:CLW) today announced two key divisional executive appointments, effective January 1, 2013. Thomas A. Colgrove, president of the pulp and paperboard division, has been named president of the consumer products division, succeeding Robert P. DeVleming, who will retire after a transitional period during the first half of 2013. Danny G. Johansen, vice president of sales and marketing for the pulp and paperboard division, has been named president of the pulp and paperboard division.

“We look forward to the continued contributions from Tom and Dan in their new positions, and congratulate Bob on a long and successful career at Clearwater Paper,” said Gordon Jones, chairman and CEO. “Tom and Dan are highly accomplished executives, each with more than 30 years of industry experience, and they have both been integral to our success. I am confident that, together with incoming CEO Linda Massman, they will successfully advance our strategic priorities and continue to deliver significant shareholder value.”

Mr. Colgrove joined Clearwater Paper as vice president of the pulp and paperboard division in 2009. Before joining the company, he was North American senior director, family care products, for Kimberly-Clark Corporation, where he was responsible for seven manufacturing facilities with 4,200 employees. Mr. Colgrove’s 25 years of tenure with Kimberly-Clark included management of numerous facilities and product lines. Prior to joining Kimberly-Clark, he also served as vice president of manufacturing for Central Paper Company, and held management positions with Procter & Gamble Corporation. Mr. Colgrove earned a Bachelor of Science in civil engineering from Lafayette College in Easton, Pennsylvania, and an MBA from the University of Chicago.

"Tom’s extensive knowledge regarding running and managing major tissue operations will be a critical asset in helping drive stronger results for the company," said Clearwater Paper President and COO Linda Massman. "Tom has successfully led our pulp and paperboard division for more than three years, and we are fortunate to have an individual of his deep experience, which includes more than 33 years in consumer tissue products, leading our consumer tissue business."

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