Sappi (SPP) CFO Thompson to Retire, Edcon's Binnie to Assume Role
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Sappi Limited (NYSE: SPPSAP), announced that Mark Thompson, the current Chief Financial Officer, will retire from Sappi in August 2012 having reached the mandatory retirement age of 60. In order to ensure a smooth transition in this important role, Sappi is pleased to announce that Steve Binnie, currently the Chief Financial Officer of Edcon (Pty) Ltd, will join Sappi as CFO-designate on July 9, 2012. He will become CFO and join the Sappi Limited Board as an Executive Director on September 1, 2012.
Steve Binnie (44) has been CFO of Edcon since 2002. Prior to joining Edcon he was Group Financial Manager at Investec Bank Limited and held senior management positions at Transunion ITC and New Zealand Milk Products (SA). He is a Chartered Account and holds an MBA from Heriot-Watt University, Edinburgh, Scotland.
Steve Binnie (44) has been CFO of Edcon since 2002. Prior to joining Edcon he was Group Financial Manager at Investec Bank Limited and held senior management positions at Transunion ITC and New Zealand Milk Products (SA). He is a Chartered Account and holds an MBA from Heriot-Watt University, Edinburgh, Scotland.
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