Starboard Value Letter to Wausau Paper (January 17) Wausau Paper Corp. (NYSE : WPP), headquartered in Mosinee, Wisconsin, is engaged in producing and marketing a complete line of away-from-home towel and tissue products. Recently, Henry C. Newell has stepped down as CEO of the company, effective immediately, according to a statement. In addition, the company said that Thomas J. Howatt, non-executive chairman, will retire from the board in advance of the company's 2014 annual meeting of shareholders. For the full-year 2014, the company has reaffirmed its guidance of 6% annual case shipment growth, with the EBITDA in fourth quarter of 2014 in a range of $20 to $24 million and EBITDA margins of 20% and 24%. The company anticipates 2014 fourth-quarter net earnings from continuing operations of $0.10 to $0.13 per share.