Clearwater Paper Management
Management criteria checks 3/4
Clearwater Paper's CEO is Arsen Kitch, appointed in Apr 2020, has a tenure of 4.75 years. total yearly compensation is $5.29M, comprised of 17.8% salary and 82.2% bonuses, including company stock and options. directly owns 1.07% of the company’s shares, worth €5.14M. The average tenure of the management team and the board of directors is 5.5 years and 5.7 years respectively.
Key information
Arsen Kitch
Chief executive officer
US$5.3m
Total compensation
| CEO salary percentage | 17.8% |
| CEO tenure | 4.8yrs |
| CEO ownership | 1.1% |
| Management average tenure | 5.5yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$2m |
| Jun 30 2024 | n/a | n/a | US$28m |
| Mar 31 2024 | n/a | n/a | US$101m |
| Dec 31 2023 | US$5m | US$940k | US$108m |
| Sep 30 2023 | n/a | n/a | US$45m |
| Jun 30 2023 | n/a | n/a | US$51m |
| Mar 31 2023 | n/a | n/a | US$53m |
| Dec 31 2022 | US$5m | US$888k | US$46m |
| Sep 30 2022 | n/a | n/a | US$61m |
| Jun 30 2022 | n/a | n/a | US$43m |
| Mar 31 2022 | n/a | n/a | -US$24m |
| Dec 31 2021 | US$4m | US$813k | -US$28m |
| Sep 30 2021 | n/a | n/a | -US$15m |
| Jun 30 2021 | n/a | n/a | US$4m |
| Mar 31 2021 | n/a | n/a | US$79m |
| Dec 31 2020 | US$4m | US$668k | US$77m |
| Sep 30 2020 | n/a | n/a | US$57m |
| Jun 30 2020 | n/a | n/a | US$24m |
| Mar 31 2020 | n/a | n/a | US$900k |
| Dec 31 2019 | US$923k | US$337k | -US$6m |
| Sep 30 2019 | n/a | n/a | -US$195m |
| Jun 30 2019 | n/a | n/a | -US$150m |
| Mar 31 2019 | n/a | n/a | -US$143m |
| Dec 31 2018 | US$852k | US$324k | -US$144m |
Compensation vs Market: Arsen's total compensation ($USD5.29M) is above average for companies of similar size in the German market ($USD994.30K).
Compensation vs Earnings: Arsen's compensation has been consistent with company performance over the past year.
CEO
Arsen Kitch (42 yo)
4.8yrs
Tenure
US$5,288,096
Compensation
Mr. Arsen S. Kitch has been President, Chief Executive Officer and Director of Clearwater Paper Corporation since April 1, 2020. He served as Vice President, Finance and Vice President Financial Planning a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.8yrs | US$5.29m | 1.07% € 5.1m | |
| Senior VP & CFO | 1.4yrs | US$1.09m | no data | |
| Senior VP | 16.1yrs | US$1.61m | 0.39% € 1.9m | |
| Senior Vice President of Human Resources | 9.9yrs | US$1.32m | 0.37% € 1.8m | |
| Senior VP and GM of Pulp & Paperboard Division | 6.3yrs | US$1.28m | 0.31% € 1.5m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Director of Corporate Communications | no data | no data | no data | |
| Senior VP & GM of Consumer Products Division | 3yrs | no data | 0.056% € 268.6k |
5.5yrs
Average Tenure
53yo
Average Age
Experienced Management: 5WC's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.8yrs | US$5.29m | 1.07% € 5.1m | |
| Independent Director | 12yrs | US$240.06k | no data | |
| Independent Director | 8.8yrs | US$235.06k | no data | |
| Independent Director | 5.7yrs | US$217.56k | no data | |
| Independent Chairman of the Board & Lead Independent Director | 8.8yrs | US$327.56k | no data | |
| Independent Director | 2.3yrs | US$217.56k | no data | |
| Independent Director | 5.7yrs | US$245.06k | no data | |
| Independent Director | 3.7yrs | US$217.56k | no data | |
| Independent Director | 4.7yrs | US$225.06k | 0.018% € 87.0k |
5.7yrs
Average Tenure
64yo
Average Age
Experienced Board: 5WC's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 11:39 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Clearwater Paper Corporation is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Wilde | BMO Capital Markets Equity Research |
| Roger Spitz | BofA Global Research |
| Steven Chercover | D.A. Davidson & Co. |