Sappi Appoints CFO Binnie as CEO to Oversee Pulp Strategy
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Sappi Ltd., the world’s biggest producer of dissolving wood pulp, promoted Chief Financial Officer Steve Binnie to chief executive officer to lead a strategy shift to higher-margin products.
“The board believes that Steve has all the necessary skills and attributes to take Sappi forward and to deliver strong growth into the future,” Sappi Chairman Danie Cronje said in a statement today. A new CFO will be appointed before the end of June, he said.