Appointment of Gonzalo Restrepo
as a non-executive Director
Dublin, London | 2 June 2015: Smurfit Kappa Group (’SKG’ or the ‘Group’) one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, is pleased to announce the appointment of Mr Gonzalo Restrepo to the Board as an independent, non-executive Director with immediate effect.
In addition, Gary McGann has accepted the invitation of the Board to continue as a non-executive Director following his retirement from his role as Group CEO at the end of August 2015.
Thomas Brodin has also been appointed as the Group’s Senior Independent Director.
About Mr Gonzalo Restrepo
Gonzalo Restrepo (64) is the former CEO of Almacenes Exito SA, a leading retail company in Latin America and a subsidiary of the French company, Casino Group. Almacenes Exito has stores in Colombia and Uruguay with over 36,000 employees. Gonzalo served as the CEO of Almacenes Exito from 1990 until he retired from this position in 2013. During his tenure as CEO, Almacenes Exito grew from a four store company in Colombia in 1990 to close to 500 stores today. Gonzalo is currently Chairman of Compania Colombiana de Petroleos SA and a non-executive Director of Cardif Colombia Seguros Generales SA. He graduated from Syracuse University, USA with a BS - Management in 1973 and was awarded an MBA in Marketing in 1976 from the University of Georgia, USA.
Smurfit Kappa Group Chairman, Liam O'Mahony, commented: "Gonzalo has significant experience of the Latin America region generally and the retail industry specifically. The retail market represents the end market for many of our customers and we are delighted to bring an independent Director with his depth of experience to the Board. We believe he will make a valuable contribution to the continuing growth and development of Smurfit Kappa in the Americas."
About Smurfit Kappa
Smurfit Kappa is one of the leading providers of paper-based packaging solutions in the world, with around 43,000 employees in approximately 350 production sites across 33 countries and with revenue of €8.1 billion in 2014. We are located in 21 countries in Europe, and 12 in the Americas. We are the only large-scale pan-regional player in Latin America.
With our pro-active team we relentlessly use our extensive experience and expertise, supported by our scale, to open up opportunities for our customers. We collaborate with forward thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. We have an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills. Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers.
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