Clearwater Paper Management
Management criteria checks 3/4
Clearwater Paper's CEO is Arsen Kitch, appointed in Apr 2020, has a tenure of 4.08 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 €7.45M. The average tenure of the management team and the board of directors is 4.8 years and 5 years respectively.
Key information
Arsen Kitch
Chief executive officer
US$5.3m
Total compensation
| CEO salary percentage | 17.8% |
| CEO tenure | 4.1yrs |
| CEO ownership | 1.1% |
| Management average tenure | 4.8yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$84m |
| Jun 30 2023 | n/a | n/a | US$68m |
| 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 ($USD1.30M).
Compensation vs Earnings: Arsen's compensation has been consistent with company performance over the past year.
CEO
Arsen Kitch (41 yo)
4.1yrs
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 | 4.1yrs | US$5.29m | 1.07% $ 7.5m | |
| Senior VP & CFO | less than a year | US$1.09m | no data | |
| Senior VP | 15.4yrs | US$1.61m | 0.39% $ 2.7m | |
| Senior Vice President of Human Resources | 9.3yrs | US$1.32m | 0.37% $ 2.5m | |
| Senior VP and GM of Pulp & Paperboard Division | 5.6yrs | US$1.28m | 0.31% $ 2.2m | |
| 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 | 2.3yrs | no data | 0.055% $ 381.2k |
4.8yrs
Average Tenure
52yo
Average Age
Experienced Management: 5WC's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.1yrs | US$5.29m | 1.07% $ 7.5m | |
| Independent Director | 11.3yrs | US$240.06k | no data | |
| Independent Director | 8.1yrs | US$235.06k | no data | |
| Independent Director | 5yrs | US$217.56k | no data | |
| Independent Chairman of the Board & Lead Independent Director | 8.1yrs | US$327.56k | no data | |
| Independent Director | 1.6yrs | US$217.56k | no data | |
| Independent Director | 5yrs | US$245.06k | no data | |
| Independent Director | 3yrs | US$217.56k | no data | |
| Independent Director | 4yrs | US$225.06k | 0.018% $ 126.2k |
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: 5WC's board of directors are considered experienced (5 years average tenure).