Koch Industries Announces Future Georgia-Pacific Leaders
23 12월 2005 - 12:00AM
PR Newswire (US)
ATLANTA and WICHITA, Kan., Dec. 22 /PRNewswire-FirstCall/ -- Koch
Industries, Inc. announced today that Joseph W. Moeller will become
president and chief executive officer of Georgia-Pacific Corp.
(NYSE:GP) following the completion of Koch Forest Products, Inc.'s
$21 billion acquisition of Georgia- Pacific. That completion is
expected Friday. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO) "This is an
exciting time to be an employee or customer of Georgia- Pacific,
and I am honored to be leading the Georgia-Pacific team forward,"
said Moeller, who has been with Koch companies for 40 years.
"Georgia- Pacific's talented employees have built a strong company,
with world-class brands, businesses, assets and products. This is a
foundation for growth which, combined with Koch Industries'
commitment to reinvestment and its unique philosophy and
capabilities, will add up to a great future for Georgia- Pacific."
Joining Moeller will be Bill Caffey, who will become
Georgia-Pacific's executive vice president, operations excellence
and compliance. "Joe's tremendous leadership throughout his six
years as president and chief operating officer gives us confidence
he will deliver more of the same at Georgia-Pacific," said Charles
G. Koch, chairman and chief executive officer of Koch Industries.
"In Bill's 32 years with Koch, he has done an exemplary job of
building our operations excellence capability. I am certain Joe and
Bill, along with the outstanding Georgia-Pacific team, will
continue Georgia-Pacific's proud tradition." Moeller and Caffey
will resign from the Koch Industries board of directors and will
serve on the Georgia-Pacific board of directors that will be in
place after the merger close. That board will be chaired by A.D.
"Pete" Correll, formerly chief executive officer and chairman of
the board, who will remain with Georgia-Pacific to assist in the
transition. Lee Thomas, former Georgia- Pacific president and chief
operating officer, will depart to pursue other opportunities. Other
board members include Charles Koch, who will be involved in the
education and application of Market Based Management(R) throughout
the organization; Richard Fink, executive vice president of Koch
Industries, who will focus on legal and public affairs; Steve
Feilmeier, executive vice president and chief financial officer of
Koch Industries, who will bring expertise in transaction and
financial excellence; John Pittenger, senior vice president of Koch
Industries, who will provide strategic and marketing leadership;
and Dale Gibbens, Koch Industries' vice president of human
resources, who will assist with strategic human resource issues.
The remainder of the Georgia-Pacific senior management team will be
composed of current Georgia-Pacific leaders and a small number of
additional team members from other Koch companies. That full team
is expected to be finalized and announced to employees in early
January. Moeller previously served as president and chief operating
officer of Koch Industries. Prior to becoming Koch Industries'
president and chief operating officer in 1999, Moeller held
positions of increasing responsibility, beginning in gasoline
marketing, moving to the company's petroleum trading business,
working his way up to vice president of Koch Industries' refined
products group, president of Koch Industries International and
president of Koch Ventures, Inc. Moeller was elected to the Koch
Industries board of directors in 1987. Caffey was most recently an
executive vice president of Koch Industries, overseeing operations
excellence and compliance programs. Caffey has led operations
excellence since 1992 in a variety of positions including vice
president of transportation and operations, senior vice president
of the operations group, and executive vice president of the
operations group. Before these senior management roles, Caffey was
president of both Koch Pipeline, Inc., and Koch Gathering Systems,
Inc. Caffey was elected to the Koch Industries board of directors
in 1997. He joined Koch in 1973. Georgia-Pacific will retain its
name and operate from its Atlanta headquarters as a privately held,
indirect wholly owned subsidiary of Koch Industries. Koch
Industries, Inc., based in Wichita, Kan., (http://www.kochind.com/)
owns a diverse group of companies engaged in trading, operations
and investments worldwide, including a presence in 50 countries in
such core industries as trading, petroleum, chemicals, energy,
fibers, resins, fertilizers, pulp and paper, ranching, securities
and finance. Headquartered at Atlanta, Georgia-Pacific is one of
the world's leading manufacturers and marketers of tissue,
packaging, paper, building products and related chemicals. With
2004 annual sales of approximately $20 billion, the company employs
55,000 people at more than 300 locations in North America and
Europe. Its familiar consumer tissue brands include Quilted
Northern(R), Angel Soft(R), Brawny(R), Sparkle(R), Soft 'n
Gentle(R), Mardi Gras(R), So- Dri(R) and Vanity Fair(R), as well as
the Dixie(R) brand of disposable cups, plates and cutlery.
Georgia-Pacific's building products manufacturing business has long
been among the nation's leading suppliers of building products to
lumber and building materials dealers and large do-it-yourself
warehouse retailers. For more information, visit
http://www.gp.com/. FORWARD-LOOKING STATEMENTS: Any statements made
regarding the proposed transaction between Koch Industries, Inc.
and Georgia-Pacific Corporation, the future performance of
Georgia-Pacific as a wholly owned subsidiary of Koch Industries,
and any other statements contained in this news release that are
not purely historical fact are forward-looking statements that are
based on management's beliefs, certain assumptions and current
expectations. These statements may be identified by their use of
forward-looking terminology such as the words "expects,"
"projects," "anticipates," "intends" and other similar words. Such
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected. These risks and uncertainties include, but are not
limited to, general economic, business and market conditions and
the satisfaction of the conditions to closing of the proposed
transaction. For a more complete discussion of certain of the risks
and uncertainties that could cause actual results to differ from
those contained in the forward-looking statements, please see the
discussion of risks and uncertainties in the Georgia-Pacific 2004
10-K and other SEC filings.
http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO
http://photoarchive.ap.org/ DATASOURCE: Georgia-Pacific Corp.
CONTACT: Sheila Weidman, +1-404-652-6322, or Robin Keegan,
+1-404-652-4713, both of Georgia-Pacific Corp.; or Mary Beth Jarvis
of Koch Industries, Inc., +1-316-828-3756 Web site:
http://www.kochind.com/ http://www.gp.com/
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