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Smurfit-Stone Names John Murphy Sr. VP, CFO

May 19, 2009 - (Press Release) Smurfit-Stone Container Corp. announced that John Murphy has been named to the position of senior vice president and chief financial officer. Murphy succeeds Chuck Hinrichs , who has announced his intent to pursue other career opportunities.

“John’s strong strategic, financial and operations background, and his proven ability to drive results, will be instrumental in helping us successfully emerge from our restructuring and achieve our long-term financial goals,” said Patrick J. Moore, chairman and chief executive officer. “We welcome him to our company, and wish Chuck all the best in his future endeavors.”

From 1998 through 2008, Murphy served in key executive roles with Accuride Corporation of Evansville, IN, most recently as president and chief executive officer, and as a member of its board of directors. During his tenure with Accuride, he also served as president and chief operating officer; chief financial officer; and executive vice president.

Under Murphy’s leadership, Accuride achieved near best-in-class profitability; developed major restructuring initiatives; implemented successful pricing strategies; and completed significant cost savings initiatives ($10 million in annual savings) while driving long-term competitiveness.

He has also held key leadership positions with North American Stainless, Inc., Armco, Inc. and Corning, Inc. He began his career with PricewaterhouseCoopers.

Murphy currently serves on the board of directors and holds committee positions with O’Reilly Automotive, Inc., of Springfield, MO.

Murphy holds a bachelor’s degree in accounting from Pennsylvania State University, an MBA from the University of Colorado, and is a certified public accountant. He will be relocating to the St. Louis area.

SOURCE: Smurfit-Stone Container Corp.




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