International Paper Stock Jumps More Than 10% After Company Announces New CEO

Key TakeawaysInternational Paper's board chose Andrew Silvernail to be the company's new chief executive, replacing Mark Sutton, who has held the post since 2014 and will remain chairman of the board.Silvernail previously served as an executive advisor at investment firm KKR, and was also CEO of Madison Industries and IDEX Corporation.The news sent shares of International Paper to their highest level in more than a year. International Paper (IP) was the top-performing stock in the S&P 500 Tuesday as the pac ...