MEMPHIS, Tenn., Oct. 13, 2016 /PRNewswire/ -- International
Paper (NYSE: IP) today announced Carol L.
Roberts, Senior Vice President and Chief Financial Officer,
and William Hoel, Senior Vice
President, Container The Americas, will retire on March 31, 2017.
"For more than 30 years, Carol and Bill have been key
contributors to our success; they have been integral in leading our
transformation to a more successful and sustainable company," said
Mark S. Sutton, Chairman and CEO.
"We will continue to benefit from the people and organizations they
developed and we wish them all the best in retirement."
The company announced the following senior leadership
transitions and the International Paper Board of Directors elected
two new Senior Vice Presidents:
Glenn R. Landau has been named
Senior Vice President, Finance, effective January 1, 2017, and will become the Company's
Chief Financial Officer effective with the filing of the Company's
2016 Form 10-K in the first quarter of 2017. For the remainder
of this year, he will transition his current responsibilities in
Latin America.
W. Michael Amick, Jr., has been
named Senior Vice President, Paper the Americas, effective
January 1, 2017. Amick will continue
to lead the Company's North American papers business and assume
additional responsibilities for the Company's papers business in
Latin America.
Timothy S. Nicholls has been
named Senior Vice President, Industrial Packaging the Americas,
effective January 1, 2017. Nicholls
will continue leading the Company's North American industrial
packaging business and assume additional responsibilities for the
Company's packaging business in Latin
America.
Gregory T. Wanta has been elected
Senior Vice President, North American Container, effective
December 1, 2016. Wanta will assume
Hoel's previous responsibility for the Company's North American
corrugated packaging business.
Catherine I. Slater has been
elected Senior Vice President, Consumer Packaging. Slater will join
International Paper from Weyerhaeuser Company, effective with the
completion of the acquisition of Weyerhaeuser's pulp business,
which she currently leads. Slater will assume responsibility for
leading the Company's consumer packaging business, which includes
the coated paperboard and foodservice businesses.
"We have experienced and accomplished leaders who are ready to
step into new roles and accelerate our performance," said Sutton.
"This new senior leadership team will enable us to continue to
pursue our vision of being among the most successful, sustainable
and responsible companies in the world."
About Carol L. Roberts
Roberts joined International Paper in 1981 and has helped lead the
company as a member of the senior lead team since 2005. She led the
company's North American industrial packaging business for seven
years, building the foundation for a business that is a global
leader in corrugated packaging. Serving as chief financial officer
since 2011, Roberts has led a world-class finance organization with
a relentless focus on ensuring the financial strength of the
company. She earned the respect of her industry peers and the
investment community throughout her 35-year career.
About William Hoel
In 1983, Hoel joined Masonite Corporation, which was later acquired
by International Paper. He served as vice president and executive
assistant to then Chairman and Chief Executive Officer John T. Dillon. During his career, Hoel led the
Company's decorative products and wood products businesses and the
corporate sales & marketing organization. For more than a
decade, he has led the growth and optimization of the company's
North American corrugated packaging business. Under his leadership,
the company successfully integrated Box USA and the corrugated packaging units of
Weyerhaeuser and Temple-Inland. Bill has served on the senior lead
team since 2011.
About Glenn R. Landau
Landau joined International Paper in 1991 and held positions of
increasing responsibility within the Company's U.S. and European
corrugated packaging businesses, strategic planning, and North
American containerboard and recycling. Landau served as vice
president, Investor Relations, from 2011 to 2013. In
April 2013, he was named president,
IP Latin America, and became a Senior Vice President in
November 2014.
About W. Michael Amick
Amick began his career with International Paper in 1990 and has
held positions of increasing responsibility in supply chain,
distribution, IP India, consumer packaging, and North American
papers and pulp. Amick currently serves as Senior Vice
President, North American Papers and Consumer Packaging.
About Timothy S. Nicholls
Nicholls joined the company in 1991 and has held positions of
increasing responsibility in industrial packaging, finance and
printing papers and pulp. He served as chief financial officer from
2008 to 2011. Nicholls currently leads the North American
industrial packaging business.
About Gregory T.
Wanta
Wanta joined International Paper in 1991
and has served in a variety of roles of increasing responsibility
in manufacturing and commercial leadership roles in specialty
papers, coated paperboard, printing papers, foodservice and
industrial packaging. He currently serves as Vice President,
Container the Americas, Central Area.
About Catherine I.
Slater
Cathy's 24-year career with Weyerhaeuser
includes leadership roles in manufacturing, printing papers,
consumer products, wood products and the cellulose fibers business.
She currently serves as senior vice president, Cellulose
Fibers. Prior to joining Weyerhaeuser, Cathy held several
leadership roles at Procter and Gamble. She will relocate from
Seattle to Memphis.
Certain statements in this press release may be considered
forward-looking statements. These statements reflect management's
current views and are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in these statements. Factors which could cause actual
results to differ include but are not limited to: (i) the level of
our indebtedness and changes in interest rates; (ii) industry
conditions, including but not limited to changes in the cost or
availability of raw materials, energy and transportation costs,
competition we face, cyclicality and changes in consumer
preferences, demand and pricing for our products; (iii) global
economic conditions and political changes, including but not
limited to the impairment of financial institutions, changes in
currency exchange rates, credit ratings issued by recognized credit
rating organizations, the amount of our future pension funding
obligation, changes in tax laws and pension and health care costs;
(iv) unanticipated expenditures related to the cost of compliance
with existing and new environmental and other governmental
regulations and to actual or potential litigation; (v) whether we
experience a material disruption at one of our manufacturing
facilities; (vi) risks inherent in conducting business through
joint ventures; (vii) the receipt of regulatory approvals for our
pending transaction to purchase the pulp business of Weyerhaeuser
Company and the successful fulfillment or waiver of all other
closing conditions without unexpected delays or conditions; (viii)
the successful financing of the Weyerhaeuser transaction; (ix) the
failure to realize the expected synergies and cost-savings from the
Weyerhaeuser transaction or delay in realization thereof; and (x)
our ability to achieve the benefits we expect from all strategic
acquisitions, divestitures and restructurings. These and other
factors that could cause or contribute to actual results differing
materially from such forward-looking statements are discussed in
greater detail in the Company's Securities and Exchange Commission
filings. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
ABOUT INTERNATIONAL PAPER
International Paper (NYSE:
IP) is a leading global producer of renewable fiber-based
packaging, pulp and paper products with manufacturing operations in
North America, Latin America, Europe, North
Africa, Asia and
Russia. We produce packaging products that enable world-wide
commerce; pulp for diapers, tissue and other personal hygiene
products; papers that drive communication; paper bags that carry
groceries; and paper cups and food containers. We are headquartered
in Memphis, Tenn., and employ
53,000 colleagues located in more than 24 countries. Net
sales for 2015 were $22 billion.
For more information about International Paper, our products
and global citizenship efforts, please visit
internationalpaper.com.
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SOURCE International Paper