KP Tissue Elects Directors
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KP Tissue Inc., Toronto, Ont., Canada, held its annual shareholders meeting this week. All candidates proposed as directors were elected to the KPT Board of Directors by a majority of the votes cast by shareholders present or represented by proxy at the meeting. The votes were as follows: Susan J. McArthur (4,327,434—99.796%); James Hardy (4,327,125—99.789%); Michel Letellier (3,885,400—89.603%); and David Spraley (3,885,400—89.603%).
Shareholders present or represented by proxy at the meeting also approved the appointment of PricewaterhouseCoopers LLP as auditors of KPT (99.981% of votes in favor).
KP Tissue Inc. was created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP), a Canadian-based producer of tissue products for household, industrial, and commercial use. KPLP has approximately 2,300 employees across North America and operates five mills, four of which are located in Canada and one in the U.S.
