International Paper (IP) shares soared 11% in the last trading session to close at $38.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.4% loss over the past four weeks.International Paper witnessed a significant increase in its share value following the announcement of Andrew Silvernail being appointed as the next Chief Executive Officer. Silvernail, who boasts two decades of leadership experience in both manufacturing and ...

Core Insights - International Paper appointed Andrew Silvernail as the new CEO, replacing Mark Sutton, who has been in the role since 2014 and will remain as chairman of the board [1][2] - The announcement led to a significant increase in International Paper's stock, reaching its highest level in over a year [1] - Silvernail has a background as an executive advisor at KKR and has previously served as CEO of Madison Industries and IDEX Corporation [1] Company Transition - The succession process was described as "comprehensive" by Sutton, indicating a well-planned transition [2] - Silvernail expressed confidence in the company's positioning for growth moving forward [2] Stock Performance - Following the announcement, shares of International Paper rose by 10.9%, reaching $38.73 [2]

International Paper (IP 10.33%) has a new CEO, and investors appear pleased with the choice. Shares of IP are up about 10% as of 12:45 Eastern, an unusually large move for the typically mundane forestry and paper products company.Changes at the topInternational Paper investors have faced a good deal of uncertainty in recent years. The company has historically been a good choice for income-focused investors, with slow but steady growth and a predictable dividend. But that cash payout has been the subject of ...

Leadership Transition - International Paper has elected Andrew Silvernail as the new Chief Executive Officer (CEO), effective May 1, 2024, succeeding Mark Sutton, who will remain as Chairman of the Board [1][2] - Silvernail brings two decades of experience in leading global companies, having previously served as Chairman and CEO of Madison Industries and IDEX Corporation, where he achieved over 500% total shareholder return [1][2] Company Performance and Legacy - Under Mark Sutton's leadership, International Paper navigated the pandemic and economic challenges, achieving record-level market capitalization [2] - Sutton's tenure is noted for creating a safer, more focused, and financially strong company with a strong culture [2] Future Outlook - Silvernail expressed confidence in the company's positioning for growth and emphasized the importance of its core values and sustainability efforts [3][4] - The company aims to be among the most successful, sustainable, and responsible companies globally, with a workforce of over 39,000 employees [4][5] Financial Overview - International Paper reported net sales of $18.9 billion for the year 2023 [5]

Annual recognition highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs MEMPHIS, Tenn., March 7, 2024 /PRNewswire/ -- International Paper (NYSE: IP), a global producer of sustainable packaging, pulp and other fiber-based products, received the 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. IP has been recognized for ...

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The Zacks Paper and Related Products industry is set to benefit from increased packaging needs, driven by rising e-commerce activities. Sustained demand from consumer-oriented sectors, such as food, beverages, and healthcare, lends further support. The industry's growth is propelled by the escalating consumer inclination toward paper as an environmentally friendly packaging choice amid rising environmental awareness.Key players, such as Suzano (SUZ) , International Paper (IP) , Klabin (KLBAY) and Sappi (SPP ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 12/31/2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from - to - Commission File No. 1-3157 INTERNATIONAL PAPER COMPANY (Exact name of registrant as specified in its charter) New York 13-0872805 (State or other jurisdicti ...

Fourth Quarter & Full-Year 2023 Earnings Forward-Looking Statements Certain statements in this presentation that are not historical in nature may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking or conditional words such as “expects,” “anticipates,” “believes,” “estimates,” “could,” “should,” “can,” “forecast,” “intend,” “look,” “may,” “will, “remain,” “confident,” ...

International Paper Co (NYSE:IP) Q4 2023 Earnings Conference Call February 1, 2024 10:00 AM ET Company Participants Mark Nellessen - VP, IR Mark Sutton - Chairman & CEO Timothy Nicholls - SVP & CFO Clay Ellis - SVP, Global Cellulose Fibers William Hamic - SVP, North American Container & Chief Commercial Officer Conference Call Participants Philip Ng - Jefferies Michael Roxland - Truist Securities Mark Weintraub - Seaport Research Partners George Staphos - Bank of America Merrill Lynch Matthew McKellar - RBC ...