Cheryl W. Newell

CHERYL W. NEWELL, Vice President and Chief Financial Officer of Paper
Warehouse, Inc., joined the company in August 1977. From 1991 to August
1997, Ms. Newell was a Vice President with the Corporate Banking Group
at U.S. Bancorp, a bank holding company, responsible for management of
desktop technology, disaster recovery and training and development. From
1986 to 1991, Ms. Newell was a Vice President with Citicorp, k/n/a
Citigroup, a bank holding company. From 1976 to 1986, Ms. Newell was a
Vice President at Norwest Bank, k/n/a Wells Fargo Corporation.