NewPage Corporation has announced that Richard D. Willett, Jr., President and Chief Executive Officer, has resigned from NewPage, but 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.”
