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SAPPI LIMITED ANNOUNCES APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Sappi Limited
(Reg No 1936/008963/06)
(Incorporated in the Republic of South Africa)
JSE Share code: SAP
ISIN: ZAE000006284
(`Sappi`)
08 July 2004
James E Healey joins Sappi Limited Board
Sappi Limited, the global pulp and paper group, today announced that James E
Healey has joined the Sappi Limited Board with effect from 07 July 2004 as a non
executive director.
Mr Healey has held various senior financial positions in a career spanning 37
years. He began his career as an auditor with Ernst & Young and from 1973 until
his retirement at the end of 2000, he held various financial positions in the
consumer goods industry. He became Vice President and Treasurer of Bestfoods,
formerly CPC International Inc in 1995. In 1997 he moved to Nabisco Holdings
Inc, one of the world`s largest snack food manufacturers, as Executive Vice
President and Chief Financial Officer, a position from which he retired at the
end of 2000.
Mr Healey is an American citizen and lives in Woodcliff Lake, New Jersey. He
holds several other directorships.
Sappi Chairman Eugene van As said today that `We are delighted that Jim Healey
is able to join the Sappi Board. He will bring a new and wide international
perspective to our debates and a wealth of financial and corporate governance
experience to the board.`
END
NOTE TO EDITORS:
Abbreviated CV of Mr Healey:
Mr Healey began his career with Ernst & Young in 1964 as an auditor progressing
to senior auditor (1964-1969)
He then joined Peat Marwick & Co as an audit manager (1969-1973)
He joined Bestfoods (formerly CPC International Inc) in 1973 where he worked for
24 years in various financial positions, the last 10 as Comptroller (1987-1995)
and thereafter Vice President and Treasurer (1995-1997)
He joined Nabisco Holdings Inc in 1997 as Executive Vice President and Chief
Financial Officer
In 1999 he concurrently became Senior Vice President and Chief Financial Officer
of Nabisco Group Holdings Inc (formerly RJR Nabisco Holdings Corp)
He retired at the end of 2000 and currently consults on financial and governance
issues for several organisations.
For further information:
Andre F Oberholzer
Corporate Affairs and Communications Manager
Sappi Limited (Reg No 1936/008963/06)
Tel +27 (0)11 407 8044
Fax +27 (0)11 403 8236
Mobile +27 (0)82 906 0638
andre.oberholzer@sappi.com
Date: 08/07/2004 11:29:22 AM Produced by the JSE SENS Department
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