New CEO appointed for Sappi

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Steve Binnie was announced as the new chief executive officer of the global paper and pulp group.

Binnie, who has been the group’s chief financial officer since 2012 will succeed Ralph Boetgger as CEO on the 1 July 2014.

“I would like to congratulate Steve on his appointment. The board believes that [he] has all the necessary skills and attributes to take Sappi forward and to deliver strong growth into the future,” said Danie Cronje, chairman of the board of [DATA SAP:SAPPI LTD.] in a statement.

Binnie was the CFO of retailing group Edcon from 2002 prior to joining Sappi. He is a qualified chartered accountant and holds an MBA from Heriot-Watt University, Scotland.  

A new CFO for the Sappi group is set to be announced before the end of June 2014.