Smurfit-Stone extends existing employment agreement of CEO Patrick J. Moore
Feb 15, 2011. Smurfit-Stone Container Corporation has extended the term of Patrick J. Moore's existing employment agreement until the completion of its pending acquisition by Rock-Tenn Company. Smurfit-Stone expects that the RockTenn transaction will close in the 2Q 2011.
Feb 15, 2011. /Lesprom Network/. Smurfit-Stone Container Corporation has extended the term of Patrick J. Moore's existing employment agreement until the completion of its pending acquisition by Rock-Tenn, as the company said in a press release received by Lesprom Network.
Mr. Moore's employment was previously scheduled to terminate no later than March 31, 2011. The company expects that the RockTenn transaction will close in the 2Q 2011. This extension is intended to provide continuity of executive leadership through the completion of the RockTenn transaction.
Smurfit-Stone Container Corporation is one of the industry's leading integrated containerboard and corrugated packaging producers and one of the world's largest paper recyclers.