On January 27, 2021, the Board of Directors of Verso Corporation appointed Randy J. Nebel, Verso’s current interim President and Chief Executive Officer, as Verso’s President and Chief Executive Officer effective immediately. Mr. Nebel will also continue to serve as a member of the Board. Mr. Nebel previously served as Executive Vice President of Integrated Packaging at KapStone Paper and Packaging Corporation and prior to that was President of Longview Fibre Paper and Packing Inc. He was also a past member of the Board of Directors of the National Association of Manufacturers and the American & Forest Paper Association. On January 27, 2021, the Board appointed Board member Jeffrey Kirt as Vice Chairman of the Board. Mr. Kirt will not receive any additional compensation for his service as Vice Chairman.