On August 11, 2016, the Board of Directors of KapStone Paper and Packaging Corporation increased the size of the Board from eleven to twelve directors and elected Paula H.J. Cholmondeley as a Class B director to the Board with a term expiring at the annual meeting of stockholders in 2017. The Board expects to assign Ms. Cholmondeley to one or more committees at its meeting in August. Ms. Cholmondeley is the founder and Chief Executive Officer of The Sorrel Group. She currently serves as an Independent Trustee of Nationwide Mutual Funds, where she serves as chair of the audit committee and member of its investment committee; as a Director of Terex Corporation, where she serves as a member of its audit committee, and governance and nominating committee; and as a Director of Bank of the Ozarks Inc., where she serves as a member of its compensation committee and fair lending committee. In the past five years, she previously served on the boards of DENTSPLY International Inc., Minerals Technologies Inc., and Albany International Corp. She also was the Vice President and General Manager of Specialty Products at Sappi Fine Paper North America and served seven years in various financial roles at International Paper Company.