NewPage Names Patrick Buchenroth Controller and Chief Accounting Officer
MIAMISBURG, Ohio, Feb. 5, 2013 /PRNewswire/ -- NewPage Holdings Inc. today announced that on February 1, 2013, Patrick Buchenroth, age 45, accepted the position of controller and chief accounting officer for NewPage Holdings Inc. and NewPage Corporation, effective February 25, 2013.
From May 2012 through January 2013, Mr. Buchenroth served as senior vice president of finance at ACCO Brands Corporation, a global supplier of branded office products, following the company's acquisition of the Consumer and Office Products Division of MeadWestvaco Corporation, a global packaging company. Prior to the acquisition, from August 2005 through April 2012, he served as chief financial officer for MeadWestvaco Corporation's Consumer and Office Products Division. In 2005, he was part of a team that orchestrated the sale of MeadWestvaco Corporation's Paper Division to form NewPage Corporation. Prior to these roles, Mr. Buchenroth was an audit partner for Deloitte & Touche, a public accounting firm.
Mr. Buchenroth is a CPA and a graduate of Wright State University with a double major in Accountancy and Finance. He is also the treasurer of the United Way of the Greater Dayton Area.
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.
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.