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Sappi - Appoints new management team for Southern African businesses

Release Date: 28/11/2006 07:34
Code(s): SAP
Wrap Text

Sappi - Appoints new management team for Southern African businesses Sappi Limited (Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP & ISIN: ZAE000006284) ("Sappi" or the "Company") 27 November 2006 Sappi appoints new management team for Southern African businesses Sappi, the global pulp and paper group, today announced wide ranging changes and promotions at its Southern African businesses. Andre Wagenaar (61), the current Chief Executive Officer of Sappi Forest Products is due to retire at the end of the year and will be replaced by Jan Labuschagne (46), currently the Finance Director of Sappi Forest Products. A Chartered Accountant, he has been with Sappi since 1992 serving the group in various senior management roles including as finance director of Sappi Timber Industries and accounting director at Sappi Fine Paper Europe in Brussels. Following on Jan Labuschagne"s appointment, a number of other management changes have been made. All appointments occur as from 01 January 2007. The new Finance Director of Sappi Forest Products is Colin Mowatt (49), currently the Financial and Commercial Director of Sappi Saiccor. He is a Chartered Accountant and has been with Sappi for 13 years. He also holds a MBL from UNISA. Albert Lubbe (58), becomes Managing Director of Sappi Kraft, moving from his current role as Managing Director of Sappi Fine Paper South Africa. Sappi"s Usutu operations in Swaziland will also fall under his control. He has been with the group in his current role since 1997. He holds a GCC (Mechanical Engineers) and has completed the Advanced Executive Programme from UNISA. Dinga Mncube (46), currently the Managing Director of Sappi Forests, becomes the Managing Director of Sappi Fine Paper South Africa. He will also form part of Sappi"s global fine paper management team. He has been with Sappi for 13 years and holds a MSc in Forest Products and has completed the Executive Development Programme at WITS as well as the Senior Executive Programme at Harvard. Hendrik de Jongh (51), the current Fibre Supply Director of Sappi Forests and General Manager of Sappi Usutu in Swaziland becomes the Managing Director of Sappi Forests. He has been with Sappi for 18 years and holds a GCC (Electrical) and a Post-graduate Management Diploma from Henley. Commenting on the appointments made, Sappi chairman Eugene van As, said today: "Jan Labuschagne has an intimate knowledge of the Southern African businesses and will be able to lead the combined effort of his executive team to deliver strong cash flow and growth. He has an experienced team with a proven track record. We are very happy that we have been able to make these appointments from within the group"s existing management". ENDS NOTES TO EDITORS : Additional information on each appointment: Jan Labuschagne (46), BCom Hons CA (SA) 1985 joined Industrial Development Corporation (IDC) as project accountant, later promoted to senior project coordinator 1989 established own financial consulting business 1992 joined Sappi as divisional financial controller 1996 promote to finance director of Sappi Timber Industries 1997 seconded to Sappi Fine Paper Europe head office in Brussels as accounting director 2002 promoted to current position as finance director of Sappi Forest Products He is a board member of the South African Institute of Chartered Accountants, chairman of the commerce and industry sub-committee and member of the CSI sub- committee Colin Mowatt (49), BCom Acc CA (SA), Executive Development Programme (GIBS), MBL (UNISA) 1984 joined Corobrik as financial accountant 1987 appointed at Malbak as Group Management Accountant 1989 moved to Austen Safe Co as Finance Director 1993 joined Sappi Forests as group financial controller 1996 promoted to current role as Financial and Commercial Director of Sappi Saiccor Albert Lubbe (58), NDip Tech, GCC (Mechanical Engineers), Fin Dip, Advanced Executive Programme (UNISA) 1978 Assistant Manager at Amcoal 1978 to 1997 SAB, majority as General Manager 1997 joined Sappi in current position as Managing Director Sappi Fine Paper South Africa He is chairman of the Paper Manufacturers Association of South Africa (PAMSA) Dinga Mncube (46), Dip (Forestry), BSc (Forest Management), MSc (Forest Products) from the University of Idaho (USA), Executive Development Programme (WITS), Senior Executive Programme (Harvard) 1981 Production and Quality Controller at Suncrush Bottling Company (Coca Cola) 1986 Forester for KwaZulu Government 1993 joined Sappi, held various positions within Sappi Forests and Sappi Kraft 1996 promoted to General Manager Forestry - Zululand region 2000 promoted to General Manager Sappi Forests 2004 promoted to current position as Managing Director of Sappi Forests He is also the chairman of the National Forest Advisory Council Hendrik de Jongh (51), GCC (Electrical), EDP, Post-graduate Management Diploma (Henley) 1977 joined Sasol in the electrical engineering department 1988 joined Sappi 1996 promoted to Operations Director Sappi Timber Industries 2000 promoted to General Manager Sappi Timber Industries 2001 took up current position as Timber Supply Director of Sappi Forests 2006 concurrently appointed General Manager of Sappi Usutu in Swaziland More about Sappi Sappi is the world"s leading producer of coated fine paper used in the production of glossy magazines, calendars, annual reports and brochures. Whilst this business represents approximately two-thirds of Sappi"s total sales, the company also has significant businesses in pulp, coated speciality paper, packaging grades and uncoated fine paper. Sappi Forest Products, the forests, pulp, packaging and newsprint business based in South Africa, is also the world"s largest producer of chemical cellulose (dissolving pulp) used in the manufacture of viscose staple fibre and consumer and pharmaceutical products. Sappi is a global company with over 15,000 employees and production facilities in nine countries, on four continents and customers in over 100 countries. The group is headquartered in Johannesburg, South Africa. Sappi is listed on JSE Limited (SAP), the New York Stock Exchange (SPP) and the London Stock Exchange (SAZ). Please visit www.sappi.com Issued by: Brunswick Group LLP on behalf of Sappi Tel +27 (0) 11 268 5750 (Johannesburg) Tel +44 (0) 207 404 5959 (London) 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: 28/11/2006 07:34:04 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department