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Clearwater Paper Adds Two New Board Members

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Clearwater Paper, Spokane, Wash., USA, earlier this week announced that John P. O’Donnell and Alexander Toeldte have been appointed to the company’s board of directors, effective immediately.

"We are excited to welcome John and Alex to our board and look forward to their perspectives and contributions," said Boh A. Dickey, chairman of the board. "Their proven leadership abilities and experience as well as their knowledge of the paper industry will be invaluable as we continue to build on Clearwater Paper’s successful track record."

O’Donnell currently serves as the president, CEO, and a director of Neenah Paper, a global specialty materials company. Prior to this, he served as Neenah Paper’s SVP, COO, and as president of the fine paper business. O’Donnell was employed by Georgia-Pacific for more than 20 years, serving in various capacities, including president of the North American commercial tissue business.

Toeldte is currently an operating director at Paine & Partners LLC, a private equity firm. Prior to that, he served as the president, CEO, and a director of Boise Inc., and as an EVP at Boise Cascade LLC. Toeldte also served as an EVP of Fonterra Co-operative Group, CEO of Fonterra Enterprises, and CEO of Fletcher Challenge Building and Fletcher Challenge Paper. In addition, Alexander Toeldte served as chairman of the board of directors of the AF&PA in 2012, and was a partner at McKinsey & Company. He served as head of its pulp and paper practice. Currently he serves as a director of Xerium Technologies, a global provider of industrial consumable products and services.

O’Donnell has been appointed to the class of directors whose term of office will expire at the 2017 annual meeting, when it is expected he will be nominated for election to a three-year term. Toeldte has been appointed to the class of directors whose term of office will expire at the 2018 annual meeting, when it is expected he will be nominated for election to a three-year term. With these additions, Clearwater Paper’s board now consists of nine directors.
 

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