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Valli Moosa to Join Sappi Limited Board

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  Published in House and Home on Monday, August 2nd 2010 at 3:41 GMT by Market Wire
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JOHANNESBURG--([ BUSINESS WIRE ])--Sappi Limited (NYSE: SPP), the global pulp and paper group, today announced that Mr Valli Moosa will join the Sappi Limited board with effect from 01 August 2010 as a non-executive director, following the conclusion of Sappia™s R814m black economic empowerment transaction earlier in 2010.

Mr Moosa is currently the chairman of Lereko Investments, Sappia™s strategic black economic empowerment partner. He has held numerous leadership positions across business, government, politics and civil society. To name but a few, he was for five years South African Minister of Environmental Affairs and Tourism; for four years the President of the IUCN (International Union for the Conservation of Nature); and he was a long-serving National Executive Committee Member of the African National Congress (ANC). He currently serves as non-executive director of Sanlam Limited, Imperial Holdings Anglo Platinum and Sun International, where he is also the chairman. Mr Moosa holds a BSc (Mathematics) from the University of Durban-Westville.

Commenting on Mr Moosaa™s appointment, Dr Danie Cronj©, chairman of Sappi Limited, said aWe are pleased to be able to welcome a person of such high calibre and broad experience as Valli Moosa to the Board. He brings his international exposure to environmental matters, his work as a black economic empowerment entrepreneur in South Africa, and his experience serving on the boards of significant companies to Sappi. His presence on the Sappi Board also further strengthens the relationship between Sappi and Lereko Investments, our strategic partner.a

Additional information on Mr Valli Moosa: