BOSTON, Feb. 9: RISI, the leading information provider for the global forest products industry, today announced that Miles Roberts, Group Chief Executive of DS Smith, has been named RISI's 2018 European CEO of the Year.
RISI's European CEO of the Year Award is nominated by a group of investment analysts, industry consultants and commentators covering the European and global pulp and paper industry.
Reasons cited by nominators of Roberts to win the award were: "Miles Roberts has been able to navigate the volatile OCC and containerboard situation without missing a beat, in terms of growing earnings and cash flows. Despite the full price paid, it seems as if the Interstate Resources deal is going well. Since this transaction was announced last June, earnings and cash flow estimates for DS Smith have increased, and the company's share price has rallied more than 15% to GBP5.11 at the 19th January close from GBP4.40 at the time of the Interstate deal announcement. By gaining exposure to kraftliner, DS Smith mitigates its substantial net short position at a time when global supplies of kraftliner are tightening. Furthermore, DS Smith continues to capture margin by providing creative service/product enhancements to its myriad customers".
Another said: "DSS just announced their second HP T1100 Digital Press (Europe) so they really have embraced this technology. As far as the US is concerned, I visited two DSS plants recently. Both plants are planning some upgrades. DSS announced two green field plants on the East Coast...If they keep moving at this pace they will drag the US into the 21st century in terms of box construction."
Miles Roberts was appointed Group Chief Executive of DS Smith on May 4, 2010. At DS Smith, he has implemented a clear strategy to become a leading provider of corrugated packaging in Europe.
Under his leadership, the Company has grown organically and via a number of acquisitions, including SCA Packaging, Duropack, Grupo Lantero and Interstate Resources. It is now present in 37 countries, employing around 27,000 people, and was elevated into the FTSE 100 in December 2017.
He was previously Chief Executive of McBride plc from July 2005 until April 2010, having originally joined as its Group Finance Director in January 2002. Prior to that, Miles was Finance Director of Costain. He is a non-executive director of Aggreko Plc.
Born in Tynemouth on the 14th of February 1964, Miles attended Stanley Technical High in South Norwood before graduating from Bristol with a degree in Civil Engineering. He began his career as an engineer for Ove Arup.
Miles is married with four children. He enjoys tennis, sailing, skiing and golf.
