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SAP
SAVVI
SAP - Sappi - New Non-Exec Director
SAPPI Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP & ISIN: ZAE000006284)
("Sappi" or the "Company")
30 April 2007
Karen R Osar joins Sappi Limited Board
Sappi Limited, the global pulp and paper group, today announced that Ms
Karen R Osar will join the Sappi Limited Board with effect from 01 May 2007
as a non-executive director.
Ms Osar (57), executive vice president and chief financial officer (CFO) of
speciality chemicals company Chemtura Corporation until her retirement at
the end of March 2007, has held various senior management and board
positions in her career. She was vice president and treasurer for Tenneco
Inc and has also served as CFO of Westvaco Corporation and as senior vice
president and CFO of the merged MeadWestvaco Corporation. Prior to these
appointments she spent 19 years at JP Morgan and Company becoming a
managing director of the Investment Banking Group. She currently serves on
the boards of Webster Financial Corporation and the Bank of New York
Hamilton Mutual Funds and has chaired numerous board audit committees. She
holds an MBA, Finance, from Columbia University in New York.
END
NOTE TO EDITORS:
Additional information on Ms Karen R Osar:
She holds a BA, Latin American Studies from Smith College, Northampton, MA
as well as an MBA, Finance from Columbia University, New York, NY
JP Morgan and Company: latterly as managing director, Investment Banking
Group Tenneco, Inc: vice president and treasurer MeadWestvaco Corporation
and Westvaco Corporation: senior vice president and chief financial officer
2004-2007 Chemtura Corporation: executive vice president and chief
financial officer
1998-present Director of Bank of New York Hamilton Mutual Funds; Chair of
audit committee 1999-2006
1998-2005 Director of Allergan, Inc; Chair of audit and finance
committee 1999-2005
2003-2006 Director of Encore Medical Corporation; Chair of audit
committee 2003-2006
2006-present Director of Webster Financial Corporation
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: 30/04/2007 14:00:06 Produced by the JSE SENS Department.
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