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SAP - Valli Moosa to join Sappi Limited board

Release Date: 02/08/2010 09:16
Code(s): SAP
Wrap Text

SAP - Valli Moosa to join Sappi Limited board Sappi Limited (Registration number 1936/008963/06) Issuer Code: SAVVI JSE Code: SAP ISIN: ZAE000006284 Media Release Valli Moosa to join Sappi Limited board Sappi Limited, the global pulp and paper group, today announced that Mr Valli Moosa will join the Sappi Limited board with effect from 01 August 2010 as a non-executive director, following the conclusion of Sappi`s R814m black economic empowerment transaction earlier in 2010. Mr Moosa is currently the chairman of Lereko Investments, Sappi`s strategic black economic empowerment partner. He has held numerous leadership positions across business, government, politics and civil society. To name but a few, he was for five years South African Minister of Environmental Affairs and Tourism; for four years the President of the IUCN (International Union for the Conservation of Nature); and he was a long- serving National Executive Committee Member of the African National Congress (ANC). He currently serves as non-executive director of Sanlam Limited, Imperial Holdings, Anglo Platinum and Sun International, where he is also the chairman. Mr Moosa holds a BSc (Mathematics) from the University of Durban-Westville. Commenting on Mr Moosa`s appointment, Dr Danie Cronje, chairman of Sappi Limited, said "We are pleased to be able to welcome a person of such high calibre and broad experience as Valli Moosa to the Board. He brings his international exposure to environmental matters, his work as a black economic empowerment entrepreneur in South Africa, and his experience serving on the boards of significant companies to Sappi. His presence on the Sappi Board also further strengthens the relationship between Sappi and Lereko Investments, our strategic partner." 02 August 2010 END NOTE TO EDITORS: Additional information on Mr Mohammed Valli Moosa: CURRENT POSITIONS: Chairman of Lereko Investments Chairman and Non-Executive Director of Sun International Non-Executive Director of Sanlam Ltd Non-Executive Director of Imperial Holdings Non-Executive Director of Anglo Platinum Member of Auditor-General`s Advisory Board PREVIOUS POSITIONS (ABRIDGED): Member of the International Marketing Council 2005-2008 Non-Executive Chairman of Eskom 2004-2008 President of the IUCN (International Union for the Conservation of Nature) 2004-2005 Non-Executive Director of South African Airways 2002-2003 Chairperson of the UN Commission on Sustainable Development 1999-2004 Member of the Board of the Business Trust 1999-2004 Minister of Environmental Affairs and Tourism 1996-1999 Minister of Constitutional Development 1994-1996 Deputy Minister of Constitutional Development 1994-2004 Member of the South African Parliament For further information: Andre F Oberholzer Group Head Corporate Affairs Sappi Limited (Reg No 1936/008963/06) Tel +27 (0)11 407 8044 Fax +27 (0)11 403 8236 Mobile +27 (0)83 235 2973 Andre.Oberholzer.sappi.com Date: 02/08/2010 09:16:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.