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Smurfit-Stone CEO will retire after company emerges from bankruptcy protection
January 5, 2010 By Pulp & Paper Canada
Patrick J. Moore, Smurfit-Stone Container Corporation’s Chairman of the Board and chief executive office…
Patrick J. Moore, Smurfit-Stone Container Corporation’s Chairman of the Board and chief executive officer, has notified the board of directors that he intends to retire within one year following the company’s emergence from Chapter 11 proceedings.
Smurfit-Stone filed its Plan of Reorganization on December 1 and plans to emerge from restructuring proceedings in both the United States and Canada either late in the first quarter or early in the second quarter of 2010.
Moore will continue to serve on the board of directors. It is anticipated that the new board of the reorganized company will designate a successor to Moore after the company and its subsidiaries emerge from Chapter 11.
President and chief operating officer Steven J. Klinger will continue to serve in his current role as well as on the company’s board of directors.
Smurfit-Stone Container is an integrated containerboard and corrugated packaging producer. The company has five mills in Canada.
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