| Wed 20 Feb 2008, 10:47 | | SAP - Sappi - Dr Danie Cronje appointed independent, non-executive chairman of |
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SAP
SAVVI
SAP - Sappi - Dr Danie Cronje appointed independent, non-executive chairman of
Sappi Limited
Sappi Limited
Registration Number 1936/008963/06
(Incorporated in the Republic of South Africa)
Issuer Code: SAVVI
JSE Code: SAP
ISIN: ZAE000006284
Sappi Limited
Announcement
20 February 2008
Dr Danie Cronje appointed independent, non-executive chairman of Sappi Limited
Sappi Limited, the global pulp and paper group, today announced that Dr Daniel
(Danie) Christiaan Cronje has been appointed independent non-executive chairman
of Sappi Limited. He succeeds Eugene van As whose impending retirement as
chairman and from the board at the annual general meeting on 03 March 2008, was
announced earlier.
Dr Cronje (61) was chairman of ABSA Group Ltd for 10 years until his retirement
in June 2007. ABSA is a leading South African banking organisation in which
Barclays plc obtained a majority share in 2005. He had been with the ABSA group
since 1975 and held various executive positions including Group Chief Executive
for 4 years prior to his tenure as chairman.
Commenting on his appointment, Dr Cronje said: "I am honoured to have been asked
to chair one of South Africa`s leading global companies. Sappi will remain
committed to growing on a global basis and to delivering shareholder value."
Speaking on behalf of the board, independent non-executive director, Dave Brink,
paid tribute to outgoing chairman Eugene van As: "Sappi`s success in growing
from a local pulp and paper producer to becoming the world leader in coated fine
paper and chemical cellulose is testimony to the drive, determination and vision
of a great leader. Eugene van As is an exceptional son of Africa who has played
a crucial role in establishing Sappi as a business on the global stage."
Dr Cronje is also a director of Barclays plc, Barclays Bank plc and TSB Sugar
Holdings Limited. He holds a DCom from Potchefstroom University (now the
University of the North West).
END
NOTE TO EDITORS:
Additional information on Dr Daniel (Danie) Christiaan Cronje:
Dr Cronje obtained his BCom, BCom (Hons) and MCom degrees also at Potchefstroom
University. He obtained his DCom in 1975.
Career:
1969 Sanlam investment department
1969-1971 Trust Merchant Bank, investment department
1972-1975 Lecturer in Money and Banking at Potchefstroom University
1975-2007 Various positions at first Volkskas Merchant Bank, the Volkskas Group,
and the ABSA Group, including:
1988-1991 Group Chief Executive of the Volkskas Group
1991-1993 Deputy Group Chief Executive of the ABSA Group
1993-1997 Group Chief Executive of the ABSA Group
1997-2007 Chairman of the ABSA Group
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: 20/02/2008 10:47:01 Produced by the JSE SENS Department.
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