International Paper to split into 2 companies

Core Insights - International Paper plans to split into two independent, publicly traded companies based on geography, following the acquisition of DS Smith in January 2025 [4][6] - The North American business will retain legacy assets from both International Paper and DS Smith, while the EMEA business will encompass legacy assets from both companies in that region [6] - The spinoff is expected to be completed within 12 to 15 months, pending necessary board and regulatory approvals in the U.S. and U.K. [6] Financial Performance - International Paper reported $15.2 billion in sales for its North American business and $8.5 billion for its EMEA business in 2025 [4] - The company experienced an overall loss of $2.84 billion for the year [4] Leadership Changes - Andy Silvernail will continue as CEO of International Paper, while Tim Nicholls will serve as CEO of the new publicly traded EMEA packaging company [5] - The leadership team will remain in their current positions, including CFO Lance Loeffler and President of Packaging Solutions North America Tom Hamic [5] Strategic Goals - The separation aims to optimize the company's footprint, reduce costs, and enhance innovation leadership, with expected benefits starting in 2026 [6] - The new company is anticipated to have enhanced capabilities for both organic and inorganic investments [6]