SENS Announcement: Alex Thiel Appointed As Sappi Southern Africa Divisional CEO
JOHANNESBURG, Nov. 8, 2010 /PRNewswire-FirstCall/ -- Sappi Limited (NYSE: SPP), announced today that Alex Thiel (49) has been appointed as the Chief Executive Officer of Sappi Southern Africa with effect from 01 December 2010.
Mr. Thiel, a South African, has been with the Sappi Group for 21 years. He is currently the Group Head of Procurement, a member of the Sappi Limited Executive Committee, and the executive charged with leading the integration of the M-Real business acquired in January 2009 into Sappi Fine Paper Europe.Mr. Thiel joined Sappi in December 1989 as the Executive Assistant to the Executive Chairman in Johannesburg. In April 1993, as part of Sappi's expansion into Europe, he moved to Brussels as the Administration Manager. With the creation of Sappi Fine Paper Europe (SFPE) he was appointed in February 1998 as Manager Marketing Intelligence. In January 2003 he became the Director Logistics for SFPE. He was appointed as Group Head Procurement in January 2008 and added the responsibilities as Integration Executive on the M-Real transaction from July 2008. He holds a BSc, Mechanical Engineering and an MBA from WITS University in Johannesburg. Mr. Ralph Boettger, CEO of Sappi Limited said, "We are pleased to be able to ensure continuity and stability in our Southern African business with Mr. Thiel's appointment. He has been with the group for a long time and will bring his wide range of experience to bear on his new position as he takes our Southern African businesses forward." Reg No 1936/008963/06
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