This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mike Fallon And Frits Beurskens To Join Sappi Limited Board

Stocks in this article: SAP SPP

JOHANNESBURG, June 23, 2011 /PRNewswire/ --

Sappi LimitedRegistration Number 1936/008963/06(Incorporated in the Republic of South Africa)Share Code : SAP      ISIN : ZAE000006284  NYSE code SPPNYSE Code : SPP("Sappi" or the "Company")

(Logo: )

Sappi Limited (NYSE: SPP), the global pulp and paper group, announced today that following the retirement in December 2010 of Mr H Mamsch, and in line with Sappi's succession planning, two new independent non-executive directors will join the board later this year.

Mr Mike Fallon will join the board with effect from 01 September 2011. An executive director of the Tokyo-listed Nippon Sheet Glass Company Limited (NSG Group), Mr Fallon is President of the group's global automotive division. With annual sales of around euro 5 billion the NSG Group is one of the world's largest manufacturers of glass and glazing products for the building, automotive and speciality Glass sectors. His management and leadership experience extends across a wide range of functions from plant management, sales and marketing and supply chain to general management, including M&A experience. He has been a director and chairman of companies in the United Kingdom, New Zealand and Finland. He is of British nationality and holds a First Class Honours BSc in Physics.

Mr Frits Beurskens will join the board with effect from 01 October 2011. Mr Beurskens is a non-executive director of the Smurfit Kappa group, a euro 7-billion global leader in paper-based packaging. He was president and CEO of Kappa Packaging for ten years prior to their merger with the Smurfit group. He oversaw the establishment of Kappa Packaging as a top performer and one of Europe's largest companies operating in the production, development and sale of containerboard, corrugated board, solid board packaging, graphic board and speciality board. He also held various management positions in KNP BT, the forerunner of Kappa Packaging. He is a past chairman of CEPI (the Confederation of European Print Industries) and of ICCA (the International Corrugated Case Association). He also serves on a number of supervisory boards. He is of Dutch nationality and holds BSc Mechanical Engineering, MSc Industrial Engineering and Management Science degrees.

In December 2007 he was appointed by the Dutch Queen as officer in the Order of Oranje Nassau (Knighthood).  

Commenting on the appointments, Dr Danie Cronje, chairman of Sappi Limited, said "We are pleased to be able to welcome people with such broad experience as Mike Fallon and Frits Beurskens to the board. Their track records, as well as global experience, will further strengthen the Sappi board."

SOURCE Sappi Limited

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs