Item 5. Other Events
The Board of Directors of Westvaco Corporation, a major manufacturer of
paper, packaging and specialty chemicals, on February 27th elected
John A. Luke, Jr., President and Chief Executive Officer, to the additional
post of Chairman. He succeeds David L. Luke III who, after 44 years of
service, retired as of the company's 108th annual meeting of shareholders,
which was held earlier the same day in New York City.
The board also took actions related to the retirement of two other senior
officers. The retiring officers were George E. Cruser, Senior Vice President
and Chief Financial Officer, who also retired as a director, and Thomas R.
Long, Senior Vice President and General Counsel. James E. Stoveken, Jr.,
Vice President, Finance, was promoted to Senior Vice President and succeeds
Mr. Cruser as Chief Financial Officer, and Wendell L. Willkie II,
Vice President and Associate General Counsel, was promoted to Senior Vice
President and succeeds Mr. Long as General Counsel.
Two outside directors, having reached the mandatory retirement age as
provided in the company's bylaws, retired at the annual meeting of
shareholders as well. Walter H. Brown, a partner in Brown Brothers Harriman
& Co., had served as a director since 1976. John C. Bierwirth, retired
Chairman and Chief Executive Officer of Grumman Corporation, had been a
director for eleven years.
February 29, 1996 /s/John W. Hetherington
John W. Hetherington
Vice President and
Corporate Secretary
