Buckeye Announces Reorganization and Officer Changes.MEMPHIS, Tenn. -- Buckeye buckeye: see horse chestnut. Technologies Inc. (NYSE: BKI) today announced changes in the responsibilities of several Senior Officers effective February 1, 2006. Mr. Paul N. Horne, currently Senior Vice President, Cotton Cellulose, will be appointed Senior Vice President, Product and Market Development, succeeding Mr. Jeffery T. Cook whose new responsibilities are being separately announced. Mr. Douglas L. Dowdell, Senior Vice President, Nonwovens, will be appointed to the newly created role of Senior Vice President, Specialty Fibers. Mr. Dowdell will lead the commercial operations for both Buckeye's cotton and wood specialty fibers, assuming the responsibilities previously held by Mr. Horne and Mr. Christian Chavassieu, Senior Vice President, Wood Cellulose. Mr. Chavassieu has announced his decision to resign from the Company at the end of February to pursue other business interests. Mr. Marko M. Rajamaa, Vice President, Nonwovens Sales-Europe and Middle East, will be appointed Vice President, Nonwovens, succeeding Mr. Dowdell. Buckeye Chairman, David B. Ferraro, commented, "These management changes will further streamline our operations and place strong leaders in key business areas. Messrs. Horne, Dowdell, and Rajamaa are experienced executives who can be counted on to deliver exceptional results." Mr. Horne is a graduate of Vanderbilt University with a degree in Chemistry and Molecular Biology. He earned a Masters of Chemical Engineering degree at the University of Tennessee. He joined Buckeye's predecessor company in 1982, was elected Vice President in 1995, and most recently served as Senior Vice President, Cotton Cellulose. Mr. Dowdell is a graduate of Auburn University with a degree in Forestry Management. He joined Buckeye's predecessor company in 1988, was elected Vice President in 2000, and most recently served as Senior Vice President, Nonwovens. Mr. Rajamaa is a graduate of the University of Helsinki, Finland with a Masters of Science degree in Forest Products Marketing. He joined Buckeye in 1999 with the Walkisoft acquisition, was elected Vice President in 2002, and most recently served as Vice President, Nonwovens Sales-Europe and Middle East. Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The Company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods. Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, financing, markets, products, services and prices, and other factors. For further information on factors which could impact the Company and the statements contained herein, please refer to public filings with the Securities and Exchange Commission. |
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