2008 Annual report - Sappi

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Our leadership // continued Non-executive directors continued Bridgette Radebe // (48) (independent) BA (Pol Sc and Socio) (South African citizen) Ms Radebe was the first black South African deep level hard rock mining entrepreneur in the late 1980s. She has more than a decade of experience in contract mining, mining construction and mergers and acquisitions. Ms Radebe also serves on the board of Mmakau Mining, the Minerals and Mining Development Board and is a founder and board of trustee member of the New Africa Mining Fund. Sir Anthony Nigel Russell Rudd // (62) (independent) DL, Chartered Accountant (UK citizen) Sir Nigel Rudd joined the Sappi board in April 2006. He has held various senior management and board positions in a career spanning more than 35 years. He founded Williams plc in 1982 and the company went on to become one of the largest industrial holding companies in the United Kingdom. He is chairman of BAA Limited and Pendragon plc, deputy chairman of Barclays plc and a non-executive director of BAE Systems plc. He was non-executive chairman of Pilkington plc from August 1994 to June 2006. He was knighted by the Queen for services to the manufacturing industry in 1996 and holds honorary doctorates at both Loughborough and Derby Universities. In 1995, he was awarded the Founding Societies Centenary Award by the Institute of Chartered Accountants. He is a Deputy Lieutenant of Derbyshire and a Freeman of the City of London. Franklin Abraham Sonn // (69) (independent) BA Hons, HdipEd (South African citizen) He was formerly rector of Peninsula Technikon for 17 years and appointed democratic South Africa’s first ambassador to the United States. His current board positions amongst others include, chairman of African Star Ventures (Pty) Ltd, Airports Company of South Africa Ltd, Kwezi V3 Engineers (Pty) Ltd and Ekapa Mining (Pty) Ltd. He is non-executive director of Absa Group Ltd, Steinhoff International Holdings Ltd, Pioneer Food Group Ltd, RGA Reinsurance Co of SA Ltd, Metropolitan Holdings Ltd, Macsteel Service Centres (Pty) Ltd and Xinergistix Ltd. Executive directors Roeloff (Ralph) Jacobus Boëttger // (47) BAcc Hons, CA (SA), Chief executive officer (South African citizen) At the age of 34, Mr Boëttger was appointed chief executive officer of Safair and the next year appointed to the executive committee of Safmarine Limited. From 1998 until July 2007, he was the chairman of the Aviation Division with Imperial Holdings Limited following Imperial’s acquisition of Safair and from 2002, he was an executive director of Imperial Holdings with responsibility for their local and international logistics operations, the aviation division and the heavy commercial vehicle distribution operations. His field of responsibility encompassed businesses operating in Southern Africa, numerous European countries, the Middle East and Asia. Mr Boëttger was appointed chief executive of Sappi Limited in July 2007. Mark Richard Thompson // (56) BCom, BAcc, LLB, CA (SA), Chief financial officer (South African citizen) Mr Thompson joined Sappi in 1999 as group corporate counsel and was appointed to his present position in August 2006 when he was also appointed to the board of Sappi. Prior to joining Sappi, he was group treasurer at Anglo American, managing director of Discount House Merchant Bank and previously head of the corporate finance division of Central Merchant Bank. 20
sappi Divisional and corporate management Sappi Limited Chief executive officer *Ralph Boëttger (47) BAcc Hons, CA (SA) Chief financial officer *Mark Thompson (56) BCom, BAcc, LLB, CA (SA) Group financial manager Stephen Blyth (34) BCom, PG Dip Acc, CA (SA), HDip Tax Group financial controller Laurence Newman (52) BCom, BAcc, CA (SA) Group head internal audit Roland Agar (44) BCom BAcc, CA (SA) Group management accountant Albert Dreyer (46) BCompt Hons, CA (SA) Group tax manager Bernd Ross (49) MS (Economics and Business Administration) Group treasurer Jörg Pässler (48) BCom Hons, MCom, HDip Tax, CAIB (SA) Group head technology *Andrea Rossi (54) BSc (Engineering) Hons, C Eng Chief information officer Bradley Coward (53) Grad Dip (Corporate Direction and Business Management), Cert (Senior Management and Leadership Development) Group head strategic development *Robert Hope (56) BA Hons (Economics), MRICS Group investor relations manager Wikus van Zyl (40) BCom Hons, CA (SA) Group head human resources *Lucia Swartz (51) BA, Dip HR Group head corporate affairs André Oberholzer (42) BCom (Law) Group corporate counsel Ria Sanz (43) BCom, LLB, HDip Tax, Admitted Attorney Group risk manager Gert Cruywagen (53) MBSc, PhD, FIRM (SA) Integration executive *Alex Thiel (49) BSc (Mechanical Engineering), MBA (Financial Management and IT) Sappi Fine Paper Sappi Fine Paper Europe Chief executive officer *Berry Wiersum (53) MA (Medieval and Modern History) Chief financial officer Glen Pearce (45) BCom Hons, CA (SA) General counsel Hannes Boner (45) lic iur, DHEE, admitted attorney Human resources director Rainer Neumann (46) MS (Administrative Sciences), MS (Industrial Relations and HRM) Information technology director Dennis de Baar (41) MS (Computer Sciences) Manufacturing, research and development director Mat Quaedvlieg (58) BS (Electronics) Marketing sales graphic director Marco Eikelenboom (41) MS (Economics and Business Administration) Purchasing director raw materials Victor Kamm (49) MS (Mechanical Engineering) Sales director Europe Wim Heyvaert (42) MS (Economics, International Business Management and Financial Sciences) Logistics director Géry Lesaffre (44) MS (Economics and Business Administration) Director technical goods and utilities Werner Reiter (54) BS (Mechanical Engineering), MS (Social and Economic Sciences) Speciality papers director Theo Reijnen (61) BS (Economics) Sappi Fine Paper North America President and chief executive officer *Mark Gardner (53) BSc (Industrial Technology) Vice president and chief financial officer Annette Luchene (46) BS (Accounting), MBA Executive vice president strategic marketing and communications Jennifer Miller (53) BA (Economics), Juris Doctor Vice president corporate development Anne Ayer (43) BA (Psychology), MBA Vice president fibre resources Deece Hannigan (46) BA (Political Science) Vice president human resources and general counsel Sarah Manchester (43) BA (History), Juris Doctor Vice president manufacturing John Donahue (53) BS (Chemical Engineering) Vice president procurement and chief information officer Bob Wittstein (48) BS (Engineering), MBA Vice president research, development and innovation Beth Cormier (45) BS (Engineering Physics) Vice president release and technical specialities businesses Bob Weeden (56) BS (Chemistry), MS (Management) Vice president sales Bob Forsberg (46) BA (Economics) Vice president supply chain Randy Rotermund (46) BS, MBA Sappi Fine Paper South Africa Managing director Dinga Mncube (48) Dip (Forestry), BSc (Forest Management), MSc (Forest Products), Dip (Business Management), MCom General manager finance Sonja Scheepers (38) BCom Hons, CTA, CA (SA) General manager marketing Bernhard Riegler (38) APD Diploma Sappi Forest Products Chief executive officer *Jan Labuschagne (48) BCom Hons, CA (SA) Finance director Colin Mowatt (51) BCom Acc, CA (SA), EDP, MBL Human resources director Brian Dick (58) BAdmin Information technology director Deon van Aarde (48) BCompt Technical director Bertus van der Merwe (55) BSc, MBA, HDip (Engineering) Sappi Forests managing director Hendrik de Jongh (53), NDip (Elec), GCC (Elec), MDP Sappi Kraft managing director Albert Lubbe (60) NDip Mech, GCC (Mech), AEP Regional procurement director Nat Maelane (49) MDP, SEP Sappi Saiccor managing director Alan Tubb (58) BSc (Electrical Engineering), GCC (Mines and Works), BCom Sappi Trading Chief executive officer *Wayne Rau (46) HND (Marketing), Senior Executive Programme Financial director Henri Kirsten (55) BCom, BCompt Hons, CA (SA) * Group executive committee. // 2008 Annual report 21
Page 1 and 2: annual report 2008
Page 3 and 4: sappi Our report in overview In pro
Page 5 and 6: sappi Our performance The group’s
Page 7 and 8: sappi Target Target Net debt to tot
Page 9 and 10: sappi Our score on the DJSI World D
Page 11 and 12: sappi People continued Our commitme
Page 13 and 14: sappi Our business structure Johann
Page 15 and 16: sappi Pulp Paper pulp is the main r
Page 17 and 18: sappi Ideas that matter Print remai
Page 19 and 20: sappi Objectives for 2009 Meaningf
Page 21: sappi Deenadayalen (Len) Konar // (
Page 25 and 26: sappi We are of the opinion that su
Page 27 and 28: sappi input cost reductions across
Page 29 and 30: sappi Q // Will the integration of
Page 31 and 32: sappi Sappi Fine Paper Mills/ Capac
Page 33 and 34: sappi deliver excellent service and
Page 35 and 36: sappi Transaction funding overview
Page 37 and 38: sappi Sappi Forest Products Mills/
Page 39: sappi Demand and prices in the inte
Page 42 and 43: Risk management Our top risks These
Page 44 and 45: Risk management // continued Risk m
Page 46 and 47: Chief financial officer’s report
Page 60 and 61: Five year review Not restated for I
Page 62 and 63: Share statistics at September 2008
Page 64 and 65: Corporate governance We are committ
Page 66 and 67: Corporate governance // continued E
Page 68 and 69: Corporate governance // continued A
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Compensation report Compensation co
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Annual financial statements for the
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Directors’ approval The directors
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Directors’ report // continued fo
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Group income statement for the year
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Group cash flow statement for the y
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Group income statement in Rands con
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Group cash flow statement in Rands
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Notes to the group annual financial
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Condensed Sappi Limited company inc
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Condensed Sappi Limited company cas
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Notes to the condensed Sappi Limite
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Glossary General definitions bleach
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Glossary // continued Non-GAAP fina
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Notice to shareholders // continued
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Notice to shareholders // continued
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Shareholder’s diary Annual genera
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Notes to proxy The form of proxy mu
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Notes 1. To be effective, this form
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Notes 1. To be effective, this form
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