On August 10, 2015, Kapstone Paper and Packaging Corporation announced that Roger W. Stone, the Chairman of the Board and Chief Executive Officer of the company, is taking a leave of absence for health reasons. In connection with Mr. Stone's leave of absence, on August 9, 2015, the Board of Directors appointed Matthew Kaplan, the company's President and Chief Operating Officer, as interim Chairman of the Board and Chief Executive Officer. Mr. Kaplan, has served as President, Chief Operating Officer and director of the company since its inception in 2005.