Smurfit-Stone President and Chief Operating Officer Steven J. Klinger Announces Resignation
28 October 2010 - 8:41AM
PR Newswire (Canada)
CREVE COEUR, Mo. and CHICAGO, Oct. 27 /CNW/ -- Smurfit-Stone
Container Corporation (NYSE: SSCC) President and Chief Operating
Officer Steven J. Klinger has announced his intent to resign from
the company, effective December 31, 2010. Klinger will also resign
from the company's Board of Directors. (Logo:
http://photos.prnewswire.com/prnh/20070129/SMURFIT-STONELOGO)
(Logo:
http://www.newscom.com/cgi-bin/prnh/20070129/SMURFIT-STONELOGO)
"Steve has had an enormous influence on Smurfit-Stone since he
joined the company nearly five years ago," said Patrick J. Moore,
CEO. "He helped lead a multi-year operational transformation plan
which resulted in greatly improved efficiencies, more modern
equipment, an aligned sales and marketing function and a more
cost-effective business model. Steve's passion for building
high-performing teams has resulted in our ability to attract and
retain top talent and will have a lasting impact on this
organization." Klinger said, "I am proud of all that the
Smurfit-Stone team has accomplished over the past few years. Our
employees are the best in the industry. In spite of the challenging
economy, the industry slow-down, our transformation and financial
restructuring, we have solidly positioned Smurfit-Stone for
long-term profitable growth. These are exciting times for the
company and I am honored that I had the opportunity to be a part of
it." Smurfit-Stone's Board of Directors announced in August they
have launched a search for a CEO successor to Moore, who has
announced his intent to retire. Smurfit-Stone Container Corporation
is one of the industry's leading integrated containerboard and
corrugated packaging producers and one of the world's largest paper
recyclers. The company is a member of the Sustainable Forestry
Initiative® and the Chicago Climate Exchange. Smurfit-Stone
generated revenue of $5.57 billion in 2009; has led the industry in
safety every year since 2001; and conducts its business in
compliance with the environmental, health, and safety principles of
the American Forest & Paper Association. Sue Neumann of
Smurfit-Stone Container Corporation, +1-314-656-5827 Web Site:
http://www.smurfit-stone.com
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