Sappi, Edcon opt for youth in new top teams

Sappi, the R19bn paper and pulp multinational headquartered in South Africa, has appointed 46 year old chartered accountant Steve Binnie as its new CEO. Binnie, who joined Sappi as its financial director from Edcon in July 2012, succeeds Ralph Boëttger (53) who is stepping down for health reasons. Prior to his decade as Edcon CFO, Binnie … Read more