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Badger Paper Appoints former StoraEnso Exec Ronald Swanson as CEO

Thursday, April 24, 2003

Press release from the issuing company

PESHTIGO, Wis., April 23 -- The Board of Directors of Badger Paper Mills, Inc., today announced the appointment of Ronald E. Swanson as President and Chief Executive Officer of the Company. The Board also announced that current President and Chief Executive Officer Robert A. Olah has resigned to accept another position. Mr. Swanson was most recently with StoraEnso Corporation, which acquired Consolidated Papers, Inc., where he served as a Senior Vice President since 1997. His responsibilities included manufacturing, sales and marketing, product management, environmental and forest resources. Before joining Consolidated in 1989, Mr. Swanson held management positions at International Paper (Hammermill and Thilmany) and Weyerhauser. Mr. Swanson holds a Ph.D. from the Institute of Paper Chemistry. "The Board is very pleased to be able to appoint such a qualified individual as Mr. Swanson to the position of President and CEO at Badger," said Harold Bergman, a member of Badger's Board of Directors. "His expertise and breadth of experience in the industry have prepared him well for the task of continuing our growth at Badger." Mr. Olah has accepted the position of President and CEO for North America of Myllykoski Corp., a manufacturer of light weight coated and super calendared papers for publication markets based in Helsinki, Finland. "Mr. Olah has been instrumental in developing Badger Paper's move to specialty paper products and advancing our converting business," said Mr. Bergman. "We wish him continued success in his new position." Mr. Olah will remain with Badger for a period of time to assist in the transition with Mr. Swanson.




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