New appointment adds strength to CHH Board

New appointment adds strength to CHH Board
22 June 2004

Carter Holt Harvey (CHH) today announced the appointment of James (Jim) Melican to the Carter Holt Harvey Board. Mr Melican replaces John Faraci, Chairman and CEO of International Paper, who is stepping down after nine years as a director on the CHH Board.

James Melican brings significant global commercial experience to the role of Director, having held senior management roles with Carter Holt Harvey’s majority shareholder, International Paper, between 1984 and 2003. Mr Melican left International Paper at the end of 2003 as Executive Vice President of the company, a role that included corporate responsibility for International Paper’s shareholding in Carter Holt Harvey.

“I know I speak on behalf of all the Directors when I say how delighted I am to have someone of Jim’s calibre to further strengthen the Board’s existing skills and experience,” said Carter Holt Harvey Chairman John Maasland.

“I would like to thank John Faraci for his significant and highly valued contribution to the board and to the company, including his role as a past CEO and Managing Director of Carter Holt Harvey, as well as the nine years John has served on the Carter Holt Harvey Board,” said Mr Maasland.

Carter Holt Harvey CEO Peter Springford said Mr Melican would bring a valuable depth of knowledge and experience, particularly in the area of corporate governance.

“Jim has international expertise, particularly in the area of corporate governance, and we look forward to his valuable input in this area,” said Mr Springford.

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