NewPage Announces New Board Of Directors

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Dec 21, 2012, 03:42 ET

MIAMISBURG, Ohio, Dec. 21, 2012 /PRNewswire/ -- NewPage Corporation announced today the members of its new Board of Directors.

Mark A. Angelson, former Chicago Deputy Mayor and chief executive officer of RR Donnelley who also led World Color Press out of bankruptcy and guided its combination with Quad/Graphics, has been named chairman. He will be joined by paper industry leaders Robert M. Amen, former president of International Paper Company and John F. McGovern, former chief financial officer of Georgia Pacific Corporation. Robert J. Bass, a member of the audit committee of Groupon and a recently retired vice chairman of Deloitte LLP, also has been named to the board, along with Paul E. Huck, senior vice president and chief financial officer of Air Products & Chemicals, Inc., Lisa J. Donahue, managing director in the Turnaround and Restructuring Practice of AlixPartners LLC, and Eric D. Muller, managing director in the Principal Investment Area of Goldman Sachs. George F. Martin, chief executive officer for NewPage, is the only continuing member of the board.

For more information, please visit www.NewPageCorp.com.

About NewPage
NewPage is the leading producer of printing and specialty papers in North America with $3.5 billion in net sales for the year ended December 31, 2011. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's product portfolio is the broadest in North America and includes coated, specialty, supercalendered and uncoated papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners. To learn more, visit www.NewPageCorp.com.

Forward-looking Statements
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "intend," "project," "plan," "will likely continue," "will likely result," or words or phrases with similar meaning. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from the forward-looking statements include, among others, our substantial level of indebtedness; our ability to obtain additional financing or refinance our indebtedness may be limited; changes in the supply of, demand for, or prices of our products; general economic and business conditions in the United States and Canada and elsewhere; the ability of our customers to continue as a going concern, including our ability to collect accounts receivable according to customary business terms; the activities of competitors, including those that may be engaged in unfair trade practices; changes in significant operating expenses, including raw material and energy costs; changes in currency exchange rates; changes in the availability of capital; changes in the regulatory environment, including requirements for enhanced environmental compliance; and other risks and uncertainties that are detailed in our filings with the Securities and Exchange Commission and with the Bankruptcy Court. The company does not intend, and undertakes no obligation, to update any forward-looking statements.

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SOURCE NewPage Corporation