Wausau Paper has announced that Thomas J. Howatt, president and CEO, will retire at the end of 2011 and that Henry C. Newell, currently executive vice president and chief operating officer will succeed him on January 1. Howatt will then succeed San W. Orr Jr. as non-executive chairman of the board in February, and Orr will officially retire from the board in April.
“Hank Newell's leadership capabilities, vision and extensive industry experience ideally position him to lead Wausau Paper at this time,” says Howatt. “The company's extensive executive talent development and succession planning efforts over the past several years have provided an orderly and seamless leadership transition that best positions Wausau Paper for the future.”
Newell, 54, joined Wausau Paper in 2007 as vice president, business development, and was promoted to senior vice president specialty products in 2009 and to the role of senior vice president paper when the company consolidated its specialty products, printing and writing business segments in 2010. He was promoted to his current role in March of this year.