International Paper(IP) Prnewswire·2024-09-10 21:00Group 1 - Andy Silvernail has been elected as Chairman of the Board of Directors of International Paper, effective October 1, 2024, in addition to his role as CEO [1] - Mark Sutton will retire from the Board of Directors on September 30, 2024, after serving as Chairman since retiring as CEO in May 2024 [1] - Chris Connor, Lead Director, expressed gratitude for Sutton's leadership and contributions to strengthening the company's balance sheet and focusing its portfolio [1] Group 2 - Silvernail joined International Paper as CEO in May 2024 and has over 20 years of experience in leading global companies in manufacturing and technology [1] - His previous roles include Chairman and CEO of Madison Industries and IDEX Corporation, where he achieved over 500% total shareholder return during his tenure [1] - International Paper reported net sales of $18.9 billion for 2023 and employs approximately 39,000 colleagues globally [2]