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Wausau Paper (NYSE: WPP), Mosinee, WI, announced that its president and CEO, Henry C. Newell, has stepped down as CEO effective immediately and plans to resign from the company’s Board of Directors after a brief transition period.
The Company also announced that non-executive chairman Thomas J. Howatt will be retiring from the Board in advance of the company’s 2014 Annual Meeting of Shareholders.
Michael C. Burandt, a Wausau Paper Board member, has been appointed interim CEO and will become chairman following a brief transition period.