International Paper Announces Changes to Its Board of Directors

Core Points - International Paper has elected Jamie A. Beggs and Scott A. Tozier to its Board of Directors, effective May 21, 2024, while Ilene S. Gordon has retired from the Board for personal and health reasons [1] - The Board will now consist of 11 directors, with 9 classified as independent directors [4] Summary of New Board Members - Jamie A. Beggs, age 47, is currently the Senior Vice President and Chief Financial Officer of Avient Corporation, responsible for finance and investor relations, and has a strong background in finance and accounting [2] - Scott A. Tozier, age 58, is a strategic advisor at Albemarle Corporation, previously serving as Executive Vice President and CFO, where he oversaw significant revenue growth from $2.9 billion in 2011 to$7.3 billion in 2022 [3] Committee Appointments - Both Beggs and Tozier will serve on the Audit and Finance Committee and the Public Policy and Environment Committee starting May 21, 2024 [4] Leadership Insights - Mark S. Sutton, Chairman of International Paper, emphasized the extensive financial expertise and business insight that Beggs and Tozier bring to the Board, which will be crucial for the company's growth strategy [4] Company Overview - International Paper is a global producer of sustainable packaging, pulp, and fiber-based products, with net sales of $18.9 billion in 2023 and approximately 39,000 employees worldwide [5]