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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
June 4, 1996
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Date of Report
(Date of earliest event reported)
CHAMPION INTERNATIONAL CORPORATION
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(Exact name of registrant as specified in its charter)
NEW YORK
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(State or other jurisdiction of incorporation)
1-3053 13-1427390
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(Commission File Number) (IRS Employer Identification No.)
One Champion Plaza, Stamford, Connecticut 06921
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(Address of principal executive offices) (Zip Code)
(203) 358-7000
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(Registrant's telephone number, including area code)
Page 1 of 3 pages
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ITEM 5. Other Events
Recent Events
On June 4, 1996, the Registrant issued a press release announcing the
election of Richard E. Olson as Chairman and Chief Executive Officer and Kenwood
C. Nichols as Vice Chairman and Executive Officer effective October 1, 1996. In
addition, Mr. Olson was elected as a member of the Board of Directors of the
Registrant effective June 4, 1996.
EXHIBITS
99 The Registrant's press release dated June 4, 1996
Page 2 of 3 Pages
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Champion International Corporation
By: /s/ Lawrence A. Fox
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Lawrence A. Fox
Vice President and Secretary
Dated: June 10, 1996
Page 3 of 3 pages
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EXHIBIT 99
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CHAMPION ELECTS OLSON AND NICHOLS TO TOP POSITIONS
Stamford, CT, June 4, 1996 -- Champion International Corporation today announced
that the Board of Directors has elected Richard E. Olson as Chairman and Chief
Executive Officer and Kenwood C. Nichols as Vice Chairman and Executive Officer
effective October 1. Mr. Olson and Mr. Nichols will succeed Andrew C. Sigler
and L. C. Heist as the senior officers of the company. Mr. Sigler, Chairman and
Chief Executive Officer, and Mr. Heist, President and Chief Operating Officer,
will relinquish their Board responsibilities and retire from the company after
40 and 39 years of service, respectively.
Mr. Olson, 58, is currently an Executive Vice President of Champion with
responsibility for engineering, technology, manufacturing support and major
projects. He joined Champion in 1967 as a senior project engineer. During his
career at Champion, Mr. Olson has been operations manager at the Courtland,
Alabama pulp and paper mill and Champion's former pulp and paper mill in
Pasadena, Texas. In addition, he has overseen many of the company's major
capital projects and technology functions. He also has held senior positions in
the printing and writing papers and newsprint and kraft operations.
Mr. Olson received an A.B. in chemistry from Knox College and a Ph.D. in paper
chemistry from the Institute of Paper Science and Technology.
Mr. Nichols, 56, has served as Vice Chairman of Champion since 1989 with
responsibility for, among other things, strategic planning, finance, control and
management information systems. Mr. Nichols joined Champion as director of
planning for its timberlands operation in 1972 and assumed responsibility for
corporate planning in 1974. He was elected a Senior Vice President in 1983.
Mr. Nichols received a B.S. degree in forest management from Auburn University
and an
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M.S. degree in business management from Duke University.
In addition, Mr. Olson was elected as a member of the Board of Directors
effective today. Mr. Nichols has served on the Board since 1989.
Headquartered in Stamford, Connecticut, Champion is one of America's leading
manufacturers of paper for business communications, commercial printing,
publications and newspapers, and also is a major manufacturer of pulp, plywood,
and lumber. The company and its subsidiaries own or manage several million
acres of forestlands in the United States, Canada, and Brazil.
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