Sappi Limited announced Sir Nigel Rudd, chairman of the board has indicated that he will not seek re-election at the annual general meeting in February 2024 when his current term as chairman ends. In line with governance best practice, the board has established a committee led by Mr. Valli Moosa, the Lead Independent Director, who will be responsible for making a recommendation to the board for a successor. Mr. Peter Mageza, a longstanding member of the board and chairman of the Audit and Risk Committee has indicated that he would like to retire.

The board and Mr. Mageza have agreed that he should continue in his role until his retirement in February 2024 to ensure a smooth transition to his successor.