Valli Moosa To Join Sappi Limited Board
Sappi Limited (NYSE: SPP), the global pulp and paper group, today announced that Mr Valli Moosa will join the Sappi Limited board with effect from 01 August 2010 as a non-executive director, following the conclusion of Sappi’s R814m black economic empowerment transaction earlier in 2010.
Mr Moosa is currently the chairman of Lereko Investments, Sappi’s strategic black economic empowerment partner. He has held numerous leadership positions across business, government, politics and civil society. To name but a few, he was for five years South African Minister of Environmental Affairs and Tourism; for four years the President of the IUCN (International Union for the Conservation of Nature); and he was a long-serving National Executive Committee Member of the African National Congress (ANC). He currently serves as non-executive director of Sanlam Limited, Imperial Holdings Anglo Platinum and Sun International, where he is also the chairman. Mr Moosa holds a BSc (Mathematics) from the University of Durban-Westville.
Commenting on Mr Moosa’s appointment, Dr Danie Cronjé, chairman of Sappi Limited, said “We are pleased to be able to welcome a person of such high calibre and broad experience as Valli Moosa to the Board. He brings his international exposure to environmental matters, his work as a black economic empowerment entrepreneur in South Africa, and his experience serving on the boards of significant companies to Sappi. His presence on the Sappi Board also further strengthens the relationship between Sappi and Lereko Investments, our strategic partner.”
Additional information on Mr Valli Moosa:
|Chairman of Lereko Investments|
|Chairman and Non-Executive Director of Sun International|
|Non-Executive Director of Sanlam Ltd|
|Non-Executive Director of Imperial Holdings|
|Non-Executive Director of Anglo Platinum|
|Member of Auditor-General’s Advisory Board|
|PREVIOUS POSITIONS (ABRIDGED):|
|Member of the International Marketing Council|
|2005-2008 Non-Executive Chairman of Eskom|
|2004-2008 President of the IUCN (International Union for the Conservation of Nature)|
|2004-2005 Non-Executive Director of South African Airways|
|2002-2003 Chairperson of the UN Commission on Sustainable Development|
|1999-2004 Member of the Board of the Business Trust|
|1999-2004 Minister of Environmental Affairs and Tourism|
|1996-1999 Minister of Constitutional Development|
|1994-1996 Deputy Minister of Constitutional Development|
|1994-2004 Member of the South African Parliament|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV