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Smurfit-Stone CEO Pat Moore receives paper industry honor

March 29, 2007 - Pat Moore, chairman and chief executive officer of Smurfit-Stone Container Corp. on Monday evening (March 26) was presented with PaperAge magazine's "Executive Papermaker of the Year" Award in a ceremony at the Waldorf=Astoria Hotel during AF&PA's Paper Week convention.

Paperage's editor-in-chief, Jack O'Brien, presented Moore with the award.

Moore was recognized for his leadership role in implementing a 3-year restructuring plan at Smurfit-Stone that has already reduced company-wide costs by $243 million. As part of the debt-reduction portion plan, in June 2006 the company divested its Consumer Packaging business for $1.04 billion—a deal industry analysts hailed as an excellent one for Smurfit-Stone.

The restructuring plan was announced by Moore in November of 2005 and is slated for completion by the end of 2008.

Since 1988, PaperAge has annually selected recipients of its Executive Papermaker of the Year award based on corporate vision, strategic objectives and strong leadership both within the individual's company and in the industry as a whole.

The American Forest & Paper Association's (AF&PA) Paper Week convention is the premier annual event for the pulp, paper and converting industry, attracting thousands of people from all segments of the business, including domestic and foreign manufacturing companies, paper converters, merchants and distributors, and industry suppliers and analysts.

Paper Week 2007 marked the 130th anniversary of the event.

SOURCE: PaperAge




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