Clearwater Paper Appoints Michael J. Murphy as Senior Vice President and CFO
Mike Murphy
April 13, 2020 - Clearwater Paper on April 9 announced the appointment of Michael (Mike) J. Murphy as senior vice president and chief financial officer, effective April 13, 2020, to oversee the company's finance and strategy functions. Murphy succeeds Robert (Bob) G. Hrivnak who will be leaving the company. Arsen S. Kitch, Clearwater's President and CEO, said, "On behalf of the board, I am pleased to welcome Mike Murphy to Clearwater Paper. Mike is a respected leader who brings more than 25 years of paper industry and finance experience. His background in optimizing financial and business processes, paired with his strategic acumen, will help our team achieve near- and long-term opportunities. "On behalf of the company, I want to thank Bob for his contributions and expertise. Over the past year, Bob has been instrumental in strengthening our internal controls and procedures and implementing a more rigorous process to our accounting and reporting practices. We wish Bob the best in his future endeavors," Kitch added. Murphy joins Clearwater Paper from NxEdge, Inc., where he served as CFO. Prior to NxEdge, he held senior finance, risk management, and strategy positions with Kapstone Paper and Packaging and Boise, Inc. In addition to his industry experience, Murphy has over 17 years in investment banking with J.P. Morgan Securities and John Nuveen & Co. He earned Bachelor of Science degrees in chemical engineering and biomedical engineering from Northwestern University and a Master of Business Administration with an emphasis on accounting and analytical finance from the University of Chicago Booth School of Business. Murphy is also a certified public accountant. About Clearwater PaperClearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the U.S. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting and cutting. For further information, visit: www.clearwaterpaper.com. SOURCE: Clearwater Paper Corporation |