CLAYTON, MO, July 23, 2004 — Smurfit-Stone Container Corporation (Nasdaq: SSCC) announced today that Eugene C. Sit, chairman, chief executive officer and chief investment officer of Sit Investment Associates, has been elected to its board of directors. Sit’s election expands Smurfit-Stone’s board to nine members.
Sit founded Minneapolis-based Sit Investment Associates in 1981. Prior to forming his own company he was chairman, chief executive officer and chief investment officer of IDS Advisory/American Express.
Sit was born in Canton, China. He earned a BSC degree at DePaul University in 1960 and is a CPA and CFA. Sit currently serves as a director of Corning Incorporated and is a trustee of Carleton College, the University of Minnesota Carlson School's International Programs and the Dean's Board of Visitors of the University of Minnesota Medical School.