| Business Summary | | Westvaco
Corporation
is
one
of
the
world's
major
producers
of
packaging,
paper
and
chemicals.
The
Company
serves
customers
in
more
than
70
countries,
with
operations
in
the
United
States,
South
America
and
Europe.
The
Company
produces
paper
and
paperboard
to
convert
into
a
variety
of
packaging
products.
Westvaco
is
also
a
global
supplier
of
premium
packaging
for
consumer
products
markets.
The
Company
manufactures
a
variety
of
specialty
chemicals,
sells
timber
from
its
forestlands,
is
engaged
in
land
development
and
produces
lumber.
In
Brazil,
it
is
a
producer
of
paperboard
and
corrugated
packaging.
Westvaco
operates
consumer
packaging
plants
in
Austria,
Brazil,
the
Czech
Republic,
Germany,
Ireland,
The
Netherlands,
the
United
Kingdom
and
the
United
States.
Westvaco
exports
products
from
the
United
States
and
certain
of
its
foreign
subsidiaries
to
other
countries
throughout
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Westvaco
Corp.
manufactures
pulp,
paper
and
paper
products;
produces
lumber
and
timber;
manufactures
specialty
chemicals;
and
engages
in
land
development.
For
the
nine
months
ended
7/31/01,
revenues
increased
6%
to
$2.82
billion.
Net
income
before
extraordinary
charge
fell
54%
to
$79.8
million.
Results
reflect
good
demand
for
most
of
its
value-added
products
in
its
Brazilian
subsidiary,
Rigesa.
Net
income
results
wereoffset
due
to
lower
gross
profit
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Luke, Jr., 52 Chairman,
Pres, CEO | $1.4M | $223K | Rudolph Johnstone, Jr., 64 Exec.
VP, Director | 1.1M | 116K | James Buzzard, 46 Exec.
VP | -- | -- | Karen Osar, 51 Sr.
VP, CFO | 778K | -- | Rita Foley, 47 Sr.
VP and CIO | -- | -- | Dollar
amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|