Verso Corporation Names Randy J. Nebel as President and CEO

"We are pleased that Randy has accepted our offer to transition from the interim role to a permanent position," said Chairman of the Board Sean Erwin. "His more than 40 years of knowledge in the paper and packaging industry, combined with his breadth of executive leadership experience, make him the right choice for this role."

"Since becoming interim President and CEO in October, I have had the privilege of working with Verso's talented and dedicated team, spending time in our mills, meeting with customers and creating a dialogue with our investors," said Nebel. "I am optimistic about the opportunities ahead and look forward to continuing to work closely with our team and Board to execute company strategic goals and initiatives that achieve results and create long-term value for all of our stakeholders."

Mr. Nebel previously served as Executive Vice President of Integrated Packaging at KapStone Paper and Packaging Corporation and prior to that was President of Longview Fibre Paper and Packing, Inc. He was also a past member of the Board of Directors of the National Association of Manufacturers and the American & Forest Paper Association.