RockTenn's Jim Rubright Named 2008 CEO of the Year for the North American Forest Products Industry
August 12 2008 - 12:40PM
PR Newswire (US)
BOSTON, Aug. 12 /PRNewswire/ -- RISI, the leading information
provider for the global forest products industry, today announced
that RockTenn Chairman and Chief Executive Officer Jim Rubright has
been selected as this year's RISI North American CEO of the Year
for the forest products industry. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGO ) Each
year, RISI surveys investment analysts and portfolio managers to
make nominations for the award based on such criteria as
leadership, vision and strategic accomplishment. The 2008 award
will be presented to Rubright on September 15th at the 23rd North
American Forest Products Conference in Boston, MA. Rubright will
also deliver the keynote address and participate in a CEO Panel at
the event. He joins other industry leaders such as Mike Covey, CEO,
Potlatch; Lynn Michaelis, Vice President, Markets and Economic
Research, Weyerhaeuser; Peter Meirs, Vice President, Production
Technologies, Time Inc. and more on the program. "The award
recognizes Jim Rubright's leadership role in transforming RockTenn
into a more diversified, low-cost paperboard packaging producer
through two key acquisitions which have paid off in the company's
financial performance," according to Will Mies, Director, News
Editorial, RISI. Once mainly a player in the declining recycled
boxboard market, RockTenn, headquartered in Norcross, GA, has
diversified and expanded its product offering through the
acquisition of two low-cost mills (plus related converting plants)
-- Gulf States Paper's solid bleached sulfate (SBS) board mill in
2005 and Southern Container's Solvay recycled containerboard mill
in March 2008. "Jim Rubright's leadership at RockTenn has
transitioned the company into a leader in several substrates and
outperformed the industry," one analyst commented. "He reduced debt
from the Gulf States acquisition months ahead of schedule. The
company's return on assets, investment, equity and EBITDA margin
over the past year and past five years have all exceeded industry
averages and those for its peer group. All metrics point to Jim
Rubright deserving recognition for this honor," she concluded.
Another analyst noted, "He has the company focused on all the right
things -- lowering costs, cash flow generation, debt reduction,
return on invested capital and profitably growing the business."
Rubright joined RockTenn as CEO in 1999. Previously, he served as
Executive Vice President of Sonat, where he oversaw the Birmingham,
AL, company's natural gas pipeline and energy marketing businesses.
Prior to joining Sonat, he was a partner in the law firm of King
& Spalding in Atlanta. A native of Ship Bottom, NJ, Rubright
received his law degree from the University of Virginia and BA from
Yale University. He served as chairman of the American Forest and
Paper Association, the industry's national trade association, in
2007. For more information on RISI's 23rd North American Forest
Products Conference, visit http://www.risiinfo.com/na_conf .
Contact: Jen Rahall Senior Marketing Manager RISI 4 Alfred Circle
Bedford, MA 01730 U.S.A. Tel: +1.781.734.8949 Email: About RISI
RISI is the leading information provider for the global forest
products industry. The company works with clients in the pulp and
paper, wood products, timber, tissue, nonwovens, printing and
publishing industries to help them make better decisions.
Headquartered in Boston (Bedford), Massachusetts, RISI operates
offices in Brussels, Belgium; Atlanta, Georgia; San Francisco,
California; Portland, Oregon; Sao Paulo, Brazil; Shanghai, China;
Singapore; and Charlottesville, Virginia. More information can be
found at http://www.risiinfo.com/ . About RockTenn RockTenn is one
of North America's leading manufacturers of paperboard,
containerboard, packaging and merchandising displays, with annual
net sales of approximately $3.0 billion. RockTenn is headquartered
in Norcross, Georgia and operates locations in the United States,
Canada, Mexico, Chile and Argentina. RockTenn's class A Common
stock trades on the New York Stock Exchange under the ticker RKT.
For more information, visit http://www.rocktenn.com/ .
http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGO
http://photoarchive.ap.org/ DATASOURCE: RISI CONTACT: Jen Rahall,
Senior Marketing Manager of RISI, +1-781-734-8949, Web site:
http://www.risiinfo.com/ http:/www.risiinfo.com/na_conf
http://www.rocktenn.com/
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