Arsen S. Kitch is the President and CEO of Clearwater Paper Corporation, starting his role in April 2020 after a series of positions within the company since 2013. Under his leadership, Clearwater Paper has focused on improving its financial strength,...
Arsen S. Kitch is the President and CEO of Clearwater Paper Corporation, starting his role in April 2020 after a series of positions within the company since 2013. Under his leadership, Clearwater Paper has focused on improving its financial strength, reducing net debt by $377 million since 2020, and achieving significant revenue growth in its paperboard and tissue segments. Kitch is known for navigating challenges such as inflation and supply chain disruptions, achieving strong cash flows through effective pricing strategies and operational improvements. A key part of his strategy includes fostering sustainability, evident from the introduction of products using post-consumer recycled content. Educated at the University of California, Berkeley and Stanford University, he combines financial expertise with operational knowledge. Arsen's leadership style emphasizes employee safety and satisfaction, ensuring a diverse and inclusive workplace. In 2023, his total compensation reached $5.3 million, primarily through performance bonuses tied to the company's results. He also has a noticeable track record in insider trading with significant transactions leading up to his tenure as CEO. This reflects a proactive approach to aligning his interests with company performance.