SAPPI LIMITED
Johannesburg, 7th January 2002
Sappi appoints Kathleen Walters as CEO of its US operations
Sappi, the world's leading producer of coated fine paper, today announced
that Kathleen Walters, currently President of Kimberly-Clark's European
Industrial business, has been appointed President and Chief Executive
Officer of Sappi Fine Paper North America.
Commenting on her appointment Bill Sheffield, CEO of Sappi Fine Paper said:
"A proven business leader, Kathleen Walters has all the critical skills for
the job. She has a strong and relevant international track record in the
global paper industry, most recently with Kimberly-Clark and formerly with
its predecessor Scott Paper. This, combined with her experience in a
branded product segment, her proven team building skills and her
considerable drive and energy, will deliver significant strategic and
operational value to Sappi's North American business".
Ms Walters, an American, is currently based in London. She has a Bachelor
of Science in Mathematics from Syracuse University and an MBA from the
Wharton School, University of Pennsylvania. She will succeed Monte Haymon
who has agreed to stay on during 2002 as Non Executive Chairman of Sappi
Fine Paper North America to effect a smooth transition in the business.
Eugene van As, Executive Chairman of Sappi Limited said, "Monte Haymon made
an outstanding contribution to Sappi in North America making it one of the
most profitable paper companies in the USA, and I am extremely pleased to
have found someone of the calibre of Kathy Walters to further build the
business in the years ahead".
Ms Walters joins Sappi in February 2002.
ENDS
NOTES TO EDITORS
Sappi is the world's leading producer of coated woodfree paper with
production facilities in eight countries on three continents (Europe, North
America and Africa), sales offices on five and customers in over 100
countries worldwide.
A photograph of Ms Walters and a copy of her CV can be accessed on the Sappi
website - www.sappi.com
Issued by:
Brunswick on behalf of Sappi Limited
Tel +27 (0) 11 442 8803 (South Africa)
Tel +44 (0) 207 404 5959 (London)
For further information:
Andr Oberholzer
Corporate Affairs and Communication Manager
Sappi Limited, Johannesburg
Tel +27 (0) 11 407 8044
Fax +27 (0) 11 403 8236
Mobile +27 (0) 82 906 0638
e-mail andreo@za.sappi.com
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