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SAP - Sappi Limited - Sappi Southern Africa divisional CEO resigns

Release Date: 27/10/2010 15:30
Code(s): SAP
Wrap Text

SAP - Sappi Limited - Sappi Southern Africa divisional CEO resigns Sappi Limited Reg No 1936/008963/06 JSE Code SAP ISIN code ZAE 000006284 NYSE code SPP Sappi Southern Africa divisional CEO resigns Sappi Limited announced today that Jan Labuschagne, Chief Executive Officer of Sappi Southern Africa and a member of the Sappi Limited Executive Committee, has tendered his resignation from the company with effect end November 2010 to pursue other interests. Mr. Labuschagne joined Sappi in 1992 and held various senior positions before being appointed to his current post in January 2007. Mr Ralph Boettger, CEO of Sappi Limited said "I would like to thank Mr. Labuschagne for his enthusiasm, dedication and sterling contribution to Sappi during his time with the company. We wish him well for the future." An announcement on Mr Labuschagne`s successor will be made in due course. Denis O`Connor Group Secretary 27 October 2010 Sponsor: UBS South Africa (Pty) Ltd Date: 27/10/2010 15:30:01 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.