Paper and packaging group Sappi on Monday announced the appointment of Sappi Europe and Southern Africa CFO Glen Pearce as group CFO and executive director, with effect from July 1.
Pearce would be replacing current Sappi group CFO Steve Binnie, who would be succeeding Ralph Boëttger as CEO on that date.
Pearce had been appointed CFO of Sappi Europe and Southern Africa in 2008, and had worked for the company for 18 years, during which time he held various senior management positions within the group.
“I am pleased that our robust succession planning process has enabled us to appoint a strong internal candidate. Pearce’s in-depth knowledge of Sappi and his sterling record will serve the company well on its path towards strong growth and profitability,” Boëttger commented.