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Sappi Announces Changes In Director"s Responsibilities

Release Date: 27/05/2003 14:32
Code(s): SAP
Wrap Text

Sappi Announces Changes In Director"s Responsibilities Sappi Limited (Registration Number 1936/008963/06) Share Code: SAP ISIN : ZAE000006284 Sappi announces changes in director"s responsibilities Sappi has announced that Dr John Job Chairman of the South African Business and the Group"s Director of Technology will relinquish his line responsibility for the SA Business in December 2003. He will remain the Group Director of Technology and will retain his other responsibilities. Dr Job expressed the desire some time ago to reduce his full-time work commitments and to retire at the end of 2003. With the leadership transition in the company, it is very important to maintain continuity and Sappi is delighted that Dr Job has agreed to defer his retirement and remain an executive Director of Sappi Limited. This means that John Job"s wide general business experience and his particular technical experience and counsel will remain available, not only at the Sappi Limited Board level, but also at Subsidiary Boards and he will still remain a full member of the Sappi Executive team, although he will commit less of his time to Sappi on a routine basis. The Group"s new CEO, Jonathan Leslie, will plan John Job"s succession in the months ahead and a further announcement will be made in due course 27 May 2003 For Further information: Andre Oberholzer Public Affairs and Communication Manager Sappi Limited Tel: +27 (0)11 407 8044 Fax: +27 (0)11 403 8236 Andre.oberholzer@za.sappi.com Date: 27/05/2003 02:32:44 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department