Board Converting News, August 8, 2022

WestRock Elects Stockton To Board Of Directors

He became a Vice President of GE Company in 2005 and Senior Vice President in 2008. In 2011, Stockton re- turned to the U.S., spending five years as Chairman, Pres- ident, and CEO of GE Asset Management, a $120 billion global asset management company. Stockton is a member of the board of directors for Tar- get Corporation, Ryder System, and Deere & Company. He graduated magna cum laude with a Bachelor of Science in accounting from North Carolina A&T University in 1986.

Atlanta, Georgia based WestRock Company announced that Dmitri L. Stockton, retired Chairman, President and Chief Executive Officer of GE Asset Management, has been elected to the company’s Board of Directors. “We are pleased to welcome Dmitri to our board of directors,” said David B. Sewell, CEO of WestRock. “His vast experience has honed a business perspective that will ben- efit WestRock significantly as we continue advancing toward our goal of becoming the best paper and packaging company in the industry.” “I am excited to join the WestRock board of directors to help further the company’s objectives of delivering value for our shareholders and serving our customers with lead- ing edge, sustainable products,” said Stockton. Stockton spent 30 years with GE Company, beginning with leadership assignments throughout the United States and progressing to executive leadership roles, including a decade abroad with appointments as CEO of GE Capital Bank in Switzerland, President and CEO of GE Consumer Finance in Central and Eastern Europe, and President and CEO of GE Capital Global Banking. Dmitri Stockton

AF&PA Releases Q2 2022 Boxboard Monthly Report

AF&PA has released its Q2 2022 Boxboard report. Total Boxboard production in Q2 increased one percent com- pared to Q2 2021. It was up two percent when compared to the same six months of 2021. The boxboard operating rate was 95.3 percent, down 1.2 points from Q2 and es- sentially flat (+0.3 pts.) year-to-date. Domestic production increased eight percent com- pared to Q2 2021 and was up 11 percent when compared to the same six months of 2021. Production of coated recy- cled boxboard increased 13 percent compared to Q2 2021 and was up 11 percent when compared to the same six months of 2021; and uncoated recycled unmade orders were essentially flat compared to the previous month and decreased one percent compared to June 2021.

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