Business News

Sappi Southern Africa Divisional CEO Resigns

Thursday 28. October 2010 - Sappi Limited (NYSE: SPP), announced today that Jan Labuschagne, Chief Executive Officer of Sappi Southern Africa and a member of the Sappi Limited Executive Committee, has tendered his resignation from the company with effect end November 2010 to pursue other interests.

Mr. Labuschagne joined Sappi in 1992 and held various senior positions before being appointed to his current post in January 2007. Mr. Ralph Boettger, CEO of Sappi Limited said, “I would like to thank Mr. Labuschagne for his enthusiasm, dedication and sterling contribution to Sappi during his time with the company. We wish him well for the future.” An announcement on Mr. Labuschagne’s successor will be made in due course.