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Executive Shakeup Hits NewPage Corp.

June 18, 2010
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MIAMISBURG, OH—NewPage Corp. announced that E. Thomas Curley has resigned as president and CEO and as a director of NewPage and its affiliates. In addition, the board 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 vice president, human resources.

North America's largest coated paper manufacturer also announced the appointment of Robert L. Nardelli as a director and non-executive chairman of the board of directors of NewPage and its affiliates. Nardelli is the CEO of Cerberus Operating and Advisory, an affiliate of the controlling stockholder of NewPage, a role he will continue while acting as non-executive chairman of NewPage and its affiliates.

The NewPage board of directors has formed an executive search committee to identify, interview and recommend a new CEO to the board. The committee will consider both internal and external candidates for the position.
 

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Most Recent Comments:
D. Eadward Tree - Posted on June 18, 2010
Something is fishy; Curley was on the job only four months. See "NewPage Does The Curley Shuffle" (http://deadtreeedition.blogspot.com/2010/06/newpage-does-curley-shuffle.html) for details.
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Archived Comments:
D. Eadward Tree - Posted on June 18, 2010
Something is fishy; Curley was on the job only four months. See "NewPage Does The Curley Shuffle" (http://deadtreeedition.blogspot.com/2010/06/newpage-does-curley-shuffle.html) for details.