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79CK Qnb Fin 24

0.00
0.00 (0.00%)
Name Symbol Market Type
Qnb Fin 24 LSE:79CK London Medium Term Loan
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Appointment

04/04/2001 4:25pm

UK Regulatory


RNS Number:6391B
Sappi Ld
4 April 2001


Sappi appoints new Chief Executive for Fine Paper business

Sappi today announced the appointment of a new London based Chief Executive
of Sappi Fine Paper.

As of 1st May 2001 William (Bill) Sheffield will take over this role from
Sappi Executive Chairman, Eugene Van As, who has been acting as interim
Chief Executive of Sappi Fine Paper since the acquisition of KNP Leykam. Mr
Sheffield will also join the Sappi Limited Board.

Eugene van As, Executive Chairman of Sappi, said;

"I am delighted that we have found a candidate of Bill Sheffield's calibre
and experience to lead the Fine Paper business.  He has highly relevant
international industrial experience, which will add significant weight to
our business."

A Canadian citizen, Bill Sheffield was until recently Executive Vice
President of International Operations and Corporate Development at Abitibi
Consolidated, the world's largest producer of newsprint.  In that role, he
was responsible for the Group's international operations and joint ventures.
Prior to this, he held responsibilities in Logistics and Marketing.

Sappi also announced that Monte Haymon, President and Chief Executive of
Sappi Fine Paper North America, indicated last year that he wished to retire
at the end of 2001. He will, however, remain on the Sappi Limited Board
after his retirement.  Haymon will serve as  non-executive Chairman of Sappi
Fine Paper North America once his successor has been appointed, in order to
effect a smooth transition.

Wolfgang Pfarl will continue as Chief Executive of Fine Paper Europe and, in
addition to his Sappi Limited Board responsibilities, will drive initiatives
across the Group to develop young, international managers.

Albert Lubbe will continue to head up the South African Fine paper business.


Issued by:
Brunswick
on behalf of Sappi Limited
Tel +27 (0)11 442 8803
Fax +27 (0)11 442 8838

For further information:
Johan van Wyk
Sappi
Corporate Affairs Manager
Tel +27 (0)11 407 8044
Fax +27 (0)11 403 8236
johanvw@za.sappi.com

Notes to Editors:

The Executive directors of the Sappi Group will be:

Executive Chairman                        Eugene van As
CEO, Sappi Fine paper                     Bill Sheffield
Executive Director, Finance               Donald Wilson
Chairman, SA businesses                   John Job
CEO, Sappi Fine paper North America       Monte Haymon
CEO Fine Paper Europe                     Wolfgang Pfarl

Following this appointment, the Board of Sappi Fine Paper will consist of:

Chairman                               Eugene van As
Chief Executive                        Bill Sheffield
Chief Financial Officer                Trevor Larkan
Director of Marketing                  Hank Mollenhauer
Director of Planning & Technology      Doeko Bosscher
President & Chief Executive Fine       Monte Haymon
Paper, North America
Chief Executive Fine Paper, Europe     Wolfgang Pfarl
Executive Director, Finance            Donald Wilson
Chairman, South African Businesses     John Job


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