Smurfit-Stone Extends CEO's Employment Agreement
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Smurfit-Stone Container Corp., Chicago, Ill., USA, yesterday (February 16) announced that it has extended the term of CEO Patrick J. Moore's existing employment agreement until the completion of its pending acquisition by RockTenn Co. of Norcross, Ga. Moore's employment was previously scheduled to terminate no later than this March 31.
Smurfit-Stone expects that the RockTenn transaction will close in the second quarter of 2011. The extension is intended to provide continuity of executive leadership through the completion of the RockTenn transaction.
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