Verso Corporation’s chairman decided to step down

Verso Corporation, a leading producer of printing papers, specialty papers and pulp, announced that Robert M. Amen, chairman of the company’s board of directors, had decided not to stand for reelection at the company’s 2018 annual meeting of stockholders and, in connection with his decision, has resigned as chairman of the board effective October 6, 2017.

 

Eugene I. Davis and Alan J. Carr, commented:

“On behalf of the entire board, we want to express our gratitude to Rob for his service to Verso. With grace, wisdom and dedication, Rob led by example as chairman of the board. We are pleased that he intends to remain on the board until the end of his term as a director, and we wish him the best in all of his future endeavors.”

 

Earlier Verso Corporation announced that its board of directors formed a Strategic Alternatives Committee to the company’s continuing efforts to identify and evaluate a range of potential strategic transaction alternatives

About Verso Corporation:

The company is a leading North American producer of printing papers, specialty papers and pulp. Its printing papers are designed primarily for commercial printing, media and marketing applications, including magazines, catalogs, books, direct mail, corporate collateral and retail inserts. Its specialty papers are used primarily for label and converting, flexible packaging and technical paper applications.

Source: Woodbizforum