KapStone Paper and Packaging Corporation's Board of Directors elected Paula H.J. Cholmondeley as a director of the company, effective August 11, 2016. Ms. Cholmondeley joins the Board of Directors as a Class B director with a term expiring at the annual meeting of stockholders in 2017. KapStone increased the number of its directors from eleven to twelve, as the company said in the press release received by Lesprom Network.
Ms. Cholmondeley, age 69, is the founder and CEO of The Sorrel Group, LLC, a corporate governance consulting company. She currently serves as an independent trustee of Nationwide Mutual Funds and as a member of the Board of Directors of Terex Corporation and Bank of the Ozarks, Inc. Previously, she also was the vice president and general manager of Specialty Products at Sappi Fine Paper North America, a producer of coated wood-free paper and related products, and served seven years in various financial roles at International Paper Company.
Headquartered in Northbrook, Illinois, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States.
