| Fri 1 Mar 2002, 0:00 | | Two New Directors Join The Board Of Sappi |
|
Sappi
Press Release
Johannesburg, 1 March 2002
Global pulp and paper group Sappi today announced the following changes to
its Board.
Professor Meyer Feldberg and Dr Len Konar have joined the Sappi board as non-
executive directors.
Professor Feldberg has, since 1989, been the dean of Columbia Business
School, New York, internationally recognised as one of the world's top
schools. He is professor of management at Columbia, and is also a director
of several major public companies in the United States of America, including
Revlon, one of the world's best known names in cosmetics; Federated
Department Stores, the largest department store group in the USA, UBS
Brinson Advisors Funds and Primedia Inc (USA), one of America's largest
publishing companies.
Dr Len Konar, a chartered accountant, is an independent corporate consultant
based in Johannesburg. He was previously professor and head of the
department of accountancy at the University of Durban Westville and serves
as a non-executive director of several major South African public companies,
including Old Mutual. He is also a director of the South African Reserve
Bank.
Both join the Board as from 1 March 2002.
Former Sappi executives Bill Hewitt and Ken Lechmere-Oertel, who have served
on the Board for many years, retired by rotation at the Annual General
Meeting on 25 February 2002 and, as previously reported, did not stand for
re-election.
- Ends-
Notes to Editors:
Abbreviated CV's of Professor Meyer Feldberg and Dr Len Konar.
Professor Feldberg is an MBA graduate of Columbia University with a PhD from
the University of Cape Town. He has been a visiting professor at the
Cranfield School of Management in England, the Sloan School of Management at
Massachusetts Institute of Technology and at INSEAD in France. He has also
held senior positions at Northwest University's JL Kellogg Graduate School
of Management, Tulane University's AB Freeman School of Business and the
Illinois Institute of Technology. In addition he serves on the Advisory
Board of the British American Business Council.
He is also a director of several major public companies, including Federated
Department Stores, Revlon Inc, Primedia Inc (USA), UBS Brinson Advisors
Funds and Select Medical Corporation.
Dr Konar, a chartered accountant, is a former executive director of the
Independent Development Trust and a professor and head of department of
accountancy at the University of Durban-Westville. He is the patron of the
Institute of Internal Auditors South Africa and a member of the King
Committee on Corporate Governance, the Securities Regulation Panel, the
Corporate Governance and Risk Management Forums and the Institute of
Directors.
He is also a non-executive director of Old Mutual SA, the South African
Reserve Bank, Kumba Resources, Illovo Sugar, JD Group and Steinhoff
Holdings, and chairs or serves on the audit committees of these boards and a
number of listed companies and public sector corporations.
For further information:
Andre F Oberholzer
Corporate Affairs and Communication Manager
Sappi Limited
Tel +27 (0)11 407 8044
Fax +27 (0)11 403 8236
Andre.oberholzer@za.sappi.com
