Verso Corporation Announces Appointment of Michael A. Weinhold as President

MIAMISBURG, Ohio (News release) -- Verso Corporation announced that Michael A. Weinhold has been named President of the company, reporting to Chief Executive Officer Adam St. John, effective immediately. Mr. Weinhold has been with Verso since 2006 and has held multiple senior leadership roles in sales, marketing and product development. Most recently he served as Verso's President of Graphic and Specialty Papers. Prior to joining Verso, Mr. Weinhold held management positions at International Paper, a global producer of fiber-based packaging, pulp and paper.

Alan Carr, Co-Chairman of the Board, stated, "In appointing Mr. Weinhold to President, the Board recognizes his proven leadership and nearly three decades of paper industry experience, and looks forward to his ongoing contributions as we continue to pursue our strategic process."

"We firmly believe that Mr. Weinhold's leadership and business track record, coupled with his strong relationship with Verso CEO Adam St. John, will deliver significant benefits for our company, our customers and our stockholders," said Co-Chairman of the Board Gene Davis.

CEO St. John said, "I am extremely pleased to have Mike move into this role to assist me as we continue our efforts to create long-term value for our stockholders and other stakeholders."

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