Business News

NewPage President and CEO Rick Willett Resigns

Wednesday 20. January 2010 - Former CEO and Current Executive Chairman Mark Suwyn To Step In Until Replacement is Named

NewPage Corporation today announced that Richard D. Willett, Jr., President and Chief Executive Officer, has resigned from NewPage effective January 18, 2010, and will remain with the company as a consultant through March 31, 2010. Mark A. Suwyn, former Chief Executive Officer and currently Executive Chairman, has been elected to serve as Chief Executive Officer until a new Chief Executive Officer is named.

“After considerable personal reflection on my longer term career interests, I have made the difficult decision to leave NewPage to pursue opportunities in other industries,” stated Willett. “A smooth transition is important to me, and I have agreed to assist Mark Suwyn and the NewPage management team as needed as a consultant to the company, and then further through a two-year consulting arrangement with Cerberus Operations.”

“While there is never a perfect time for a transition, Rick and I, along with the Board of Directors, have mutually agreed on this timing and feel that NewPage is well positioned for the future now that the acquisition of Stora Enso North America has been successfully integrated,” stated Suwyn. “Rick has made enormous contributions to NewPage over the past four years and we all wish him well in the future.”