International Paper to divide operations into two standalone listed entities

Core Viewpoint - International Paper plans to split its business into two independent, publicly traded companies, focusing on distinct regional operations [1][2][5] Group 1: Business Structure - The North American operations will retain the International Paper name and will include assets from both International Paper and DS Smith [1][2] - The EMEA packaging businesses will be spun off into a separate entity, combining assets across 30 countries [2][3] Group 2: Management and Leadership - Andy Silvernail will continue as chairman and CEO of International Paper, while Tim Nicholls will become CEO of the new EMEA-based company [2][3] - David Robbie is expected to serve as chairman of the board for the new entity [3] Group 3: Strategic Goals - The split aims to allow each company to operate with its own management structure and investment approach, enhancing focus on regional opportunities [2][5] - The transaction is expected to be a spin-off, with International Paper retaining a "meaningful" shareholding in the new company [3][4] Group 4: Market Position and Future Plans - The new company plans to seek listings on both the London Stock Exchange and the New York Stock Exchange [4] - Completion of the separation is targeted within 12-15 months, pending regulatory approvals [4]