MEMPHIS, Tenn. (AFX) - Buckeye Technologies Inc. on Thursday said Chairman and Chief Executive David B. Ferraro will retire in September, and be succeeded by President and Chief Operating Officer John Crowe.
Buckeye named Chief Financial Officer Kristopher J. Matula to replace Crowe as president and COO. Controller Steven G. Dean becomes will take over as CFO.
Crowe will take on his new roles July 1.
Crowe has served as president of Buckeye for three years. Previously, he held senior positions at Weyerhaeuser, a publicly held forest products company.
Shares of Buckeye Technologies rose 20 cents, or 2.6 percent, to end at $8.01 on the New York Stock Exchange. The stock has traded between $7.18 and $10.27 over the past year.
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