SPOKANE, Wash. (News release) -- Clearwater Paper Corporation announced that Ann C. Nelson has been elected to the company's board of directors, effective May 13, 2020.
"We are excited to welcome Ms. Nelson to our board and look forward to her perspectives and contributions," said Alexander Toeldte, chair of the board. "Ann's deep knowledge of and experience with a broad range of industries, including forest products, as well as her expertise in the areas of auditing, accounting and financial reporting, internal controls and corporate governance will be invaluable to Clearwater Paper."
Ms. Nelson served in various positions with KPMG LLP, an accounting and audit services company, from August 1982 through September 2019. She was a lead audit partner from 1994 through 2019 on a variety of global publicly-traded companies in a variety of industries, including forest products (REIT's, timber/timberlands, wood products, and pulp, paper and packaging), other manufacturing, transportation, and retail.
Ms. Nelson has been appointed to the class of directors whose term of office will expire at the 2022 annual meeting. It is expected she will be nominated for election to a three-year term at the end of her respective term. With this addition, Clearwater Paper's board will consist of eight directors, seven of whom meet New York Stock Exchange standards for independence.