Smurfit-Stone President and Chief Operating Officer Steven J. Klinger<br>Announces Resignation

    




    
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<p>CREVE COEUR, Mo. and <span class="xn-location">CHICAGO</span>, <span class="xn-chron">Oct. 27</span> /CNW/ -- Smurfit-Stone Container Corporation (NYSE: SSCC) President and Chief Operating Officer Steven J. Klinger has announced his intent to resign from the company, effective <span class="xn-chron">December 31, 2010</span>.  Klinger will also resign from the company's Board of Directors.</p>
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<p>"Steve has had an enormous influence on Smurfit-Stone since he joined the company nearly five years ago," said Patrick J. Moore, CEO.  "He helped lead a multi-year operational transformation plan which resulted in greatly improved efficiencies, more modern equipment, an aligned sales and marketing function and a more cost-effective business model.  Steve's passion for building high-performing teams has resulted in our ability to attract and retain top talent and will have a lasting impact on this organization."</p>
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<p>Klinger said, "I am proud of all that the Smurfit-Stone team has accomplished over the past few years.  Our employees are the best in the industry.  In spite of the challenging economy, the industry slow-down, our transformation and financial restructuring, we have solidly positioned Smurfit-Stone for long-term profitable growth.  These are exciting times for the company and I am honored that I had the opportunity to be a part of it."</p>
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<p>Smurfit-Stone's Board of Directors announced in August they have launched a search for a CEO successor to Moore, who has announced his intent to retire.</p>
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<p>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. The company is a member of the Sustainable Forestry Initiative® and the <span class="xn-location">Chicago</span> Climate Exchange. Smurfit-Stone generated revenue of <span class="xn-money">$5.57 billion</span> in 2009; has led the industry in safety every year since 2001; and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.</p>
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For further information: Sue Neumann of Smurfit-Stone Container Corporation, [phone] Web Site: http://www.smurfit-stone.com