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After 41 years with Spicers Paper and PaperlinX, Peter Waterworth has advised the PaperlinX Board that he will retire as an executive of PaperlinX and resign as a director on November 1 2004. Waterworth was managing director of Spicers Paper Limited when PaperlinX acquired the business in 2001. He was then appointed a director of PaperlinX and chief operating officer of Merchanting and Paper Trading.David Meiklejohn, PaperlinX chairman, says, "Peter has made a substantial contribution to the establishment and growth of the PaperlinX Merchanting business. His achievements as a director of the company and chief operating officer of Merchanting have assisted greatly to the development of what is today the largest and only global fine paper merchant, with a clear strategy for future success. On behalf of the Board and the PaperlinX Executives, I thank Peter for his contribution and wish him a happy and productive retirement in the future."
As a result of this announcement, the businesses previously reporting to Waterworth will now report directly to PaperlinX managing director, Thomas Park.
Park says, "Peter has been a valued and respected member of the senior management team of PaperlinX. We have strong management teams in our regional merchanting businesses, and the current changes in reporting lines are a logical extension of the development of our global paper merchanting platform."
