Clearwater Paper names Linda K. Massman, current CFO, to president and COO, effective Nov. 1

Kendall Sinclair

SPOKANE, Washington , October 20, 2011 (press release) – Clearwater Paper Corporation (NYSE:CLW) today announced Linda K. Massman has been named president and chief operating officer, effective November 1, 2011. She continues to report to Gordon Jones, chairman and CEO.

Massman will be responsible for leading the company’s business operations, including manufacturing, sales and marketing, environmental, safety, transportation and logistics.

Massman has served Clearwater Paper as chief financial officer since the company’s spin-off from Potlatch Corporation in December 2008. Before joining Clearwater Paper, Massman was group vice president, finance and corporate planning for Albertsons and then SUPERVALU Inc. Previous positions also included finance and consulting roles at Accenture, Ralphs Grocery Company and Bank of America.

“Linda Massman has been an integral part of the company’s strategic planning process and a major contributor to the overall success of Clearwater Paper,” said Gordon Jones, chairman and CEO. “Ms. Massman’s strong background in finance, consumer retail and business strategy makes her an excellent choice for this expanded responsibility.”

“As part of her new role, Ms. Massman will oversee the completion of the integration of Cellu Tissue operations as well as the continued startup of the new Shelby facility,” added Jones. “Her significant experience will help lead the company in accomplishing our strategic goals of growing our consumer tissue business and optimizing pulp and paperboard.”

Massman earned a Bachelor of Business Administration from the University of North Dakota and an MBA from Harvard Business School. She will continue to serve as CFO until her replacement is identified, and she will continue to be based at Clearwater Paper's Spokane headquarters.


ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, hard roll tissue, machine glazed tissue, bleached paperboard, pulp and wood products at 15 manufacturing locations in the U.S. and Canada. The company is a premier supplier of private label tissue to major retailers and wholesale distributors. This includes grocery, drug, mass merchants and discount stores. The company also produces bleached paperboard used by quality-conscious printers and packaging converters. Clearwater Paper's 4,000 employees build shareholder value by developing strong customer partnerships through quality and service.

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