MOSINEE (WAOW) – Three weeks after being named an interim leader of Wausau Paper Corp. in a shakeup of top executives, Michael Burandt was appointed the company's chairman of the board and chief executive officer on Thursday.
The company also named Matthew Urmanski as president and chief operating officer.
Burandt, a paper industry veteran, joined the company's board of directors two years ago.
Urmanski has been with Wausau Paper since 2000, most recently leading the expansion of its tissue business as general manager and senior vice president, the company said in a statement.
The moves are the latest in a trend of changes for Wausau Paper, founded in 1899, that have included closing mills in Brokaw and Brainerd, Minn., and selling its mills in Rhinelander and Mosinee to a New York private equity firm.
The moves were designed to allow the company to focus solely on making tissue and towel products.
For months, Wausau Paper and one of its major stakeholders, Starboard Value LP, a New York hedge fund, have feuded over the future of the company. Starboard has pushed for restructuring since 2011, including relocating the corporate offices from Mosinee.
In a statement Thursday, Burandt said, “This new leadership structure ensures that the company will have the continuity and experience to continue to pursue our tissue-focused strategy designed to drive growth, increase earnings, return cash to shareholders and create long-term value.”