Buckeye Technologies Inc. (NYSE:BKI) today announced that it will
restructure its executive management team in support of its previously
announced decisions to close or sell several underperforming or non-core
assets and in conjunction with the departure of its chief operating
officer, which was announced separately.
The Company's Board of Directors has approved the following promotions
effective July 24, 2012. Mr. Steven G. Dean, Senior Vice President and
Chief Financial Officer has been promoted to Executive Vice President,
Chief Financial Officer. Mr. Douglas L. Dowdell, Senior Vice President,
Specialty Fibers has been promoted to Executive Vice President,
Specialty Fibers. Mr. Terrence M. Reed, Vice President, Human Resources
has been promoted to Senior Vice President, Human Resources.
Mr. Dean joined Buckeye in 1999, and since that time he has held
positions of increasing responsibility in the area of finance and
accounting. He has served as the Company's Chief Financial Officer since
2006. In connection with his promotion, Mr. Dean will assume increased
responsibilities in the area of information technology.
Mr. Dowdell joined Buckeye in 1988 and has played leadership roles in
the Company's Nonwovens division and in the Specialty Fibers division.
He has led the Specialty Fibers division since 2006 and will assume
increased operational responsibilities.
Mr. Reed joined Buckeye in 1995 and has held key leadership positions in
Manufacturing and Human Resources. He has served as Vice President,
Human Resources since 2006 and will assume increased responsibilities in
the area of human resource development.
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 and
Canada. Its products are sold worldwide to makers of consumer and
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
Buckeye Technologies Inc.
Steve Dean, 901-320-8352
Vice President and Chief Financial Officer