Sappi appoints new CEO

2014-02-10 11:38

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Steve Binnie will succeed Ralph Boettger as CEO of SA Pulp and Paper Industries Limited (Sappi) later this year, says the paper company.

Boettger resigned after seven years as Sappi CEO and director.

Spokesperson Andre Oberholzer said today: “Binnie joined Sappi in 2012 as chief financial officer designate. He became CFO and joined the Sappi Limited board in September 2012.”

Before joining Sappi, Binnie had been CFO of Edcon, a position he had held since 2002.

Sappi board chairperson Danie Cronje said: “The board believes Binnie has all the necessary skills and attributes to take Sappi forward and to deliver strong growth into the future.

“It is anticipated that a successor for the role of CFO will be announced before the end of June 2014.”

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