Johannesburg - Steve Binnie will succeed Ralph Boettger as chief executive of Sappi Limited later this year, the paper company said on Monday.
Boettger resigned after seven years as chief executive and director of the SA Pulp and Paper Industries Limited.
“Binnie joined Sappi in 2012 as chief financial officer designate and became CFO and joined the Sappi Limited board in September 2012,” spokesman Andre Oberholzer said.
Prior to joining Sappi Binnie was Edcon CFO since 2002.
“The board believes that Binnie has all the necessary skills and attributes to take Sappi forward and to deliver strong growth into the future,” Sappi Limited board chairman Danie Cronje said.
“It is anticipated that a successor for the role of CFO would be announced before the end of June 2014.” - Sapa