CREVE COEUR, Mo. and
CHICAGO, Oct. 27 /PRNewswire-FirstCall/ -- 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.
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"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.
SOURCE Smurfit-Stone Container Corporation
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