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GEORGIA-PACIFIC'S BOARD ELECTS OFFICERS, ADOPTS CONFIDENTIAL VOTING AND DECLARES DIVIDENDS; TWO DIRECTORS RETIRE

 GEORGIA-PACIFIC'S BOARD ELECTS OFFICERS, ADOPTS CONFIDENTIAL
 VOTING AND DECLARES DIVIDENDS; TWO DIRECTORS RETIRE
 ATLANTA, Jan. 29 /PRNewswire/ -- Georgia-Pacific Corp.'s (NYSE: GP) board of directors today announced the election of two new officers and the promotion of three additional officers effective immediately.
 William A. Mamrack, corporate director - taxes, was elected vice president - taxes, and Kenneth F. Khoury, associate general counsel, was elected secretary and will continue as associate general counsel.
 Officer promotions are James E. Bostic Jr., vice president - Butler Paper and Mail-Well, who was named group vice president - Butler Paper and Mail-Well; Duncan B. Facey, vice president - Distribution Division, Northeast Region, who was promoted to group vice president - Distribution Division; and John F. Rasor, vice president - Eastern Wood Products Manufacturing Division, who was named group vice president - timber.
 The company's board also adopted a revised policy regarding directors. The new policy requires all directors who are officers of the company, other than the chairman and chief executive officer, to retire as directors when they retire as officers. The policy also requires the company to maintain a majority of independent directors, that is, directors who are not employees, retired employees or in a business or professional relationship with the company that is material to the director.
 In keeping with the policy, Harold L. Airington, who retired as vice chairman of Georgia-Pacific in December 1991, and Robert A. Schumacher, former president and chief operating officer of the company, both announced their voluntary retirement from the board, effective immediately.
 "No two directors have been more dedicated than Bob and Hal," said T. Marshall Hahn Jr., chairman and chief executive officer. "Their service and benefit to this company have been invaluable. Georgia-Pacific owes them many thanks for their contributions."
 In addition, the board of directors adopted a confidential voting policy for shareholder proxies to assure shareholders that their identity will remain confidential, absent certain limited exceptions. This policy will formalize the substance of practices the company has followed for some time.
 In other action, Georgia-Pacific's board declared regular quarterly dividends on common stock. The cash dividend of 40 cents per share is payable March 9, 1992, to shareholders of record Feb. 14, 1992.
 -0- 1/29/92
 /CONTACT: Sheila Weidman of Georgia-Pacific, 404-521-4732/
 (GP) CO: Georgia-Pacific Corporation ST: Georgia IN: PAP SU: PER DIV


BN-BR -- AT015 -- 4910 01/29/92 16:36 EST
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Publication:PR Newswire
Date:Jan 29, 1992
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