IP International Paper Company

On October 10, 2017, the Board of Directors (the “Board”) of International Paper Company (the “Company”) elected Jacqueline C. Hinman and Clinton A. Lewis, Jr., effective November 4, 2017, and assigned Ms. Hinman to the Board’s Audit and Finance Committee, Mr. Lewis to its Governance Committee and each of them to its Public Policy and Environment Committee. Their terms as directors will expire at the annual meeting of the Company’s stockholders in May 2018, at which time their continued Board service will be subject to renomination and stockholder approval. With their election, the size of the Board will be 15 members.

Ms. Hinman, age 56, currently serves as chairman, president and chief executive officer of CH2M HILL Companies, Ltd., a Fortune 500 engineering and consulting firm focused on delivering infrastructure, energy, environmental and industrial solutions for clients and communities around the world. Prior to becoming chairman in September 2014 and president and chief executive officer in January 2014, she served as president of CH2M’s International Division from 2011 until 2014, and she has served on CH2M’s board of directors since 2008. She serves on the Executive Committee of the Business Roundtable and is a member of the Business Council as well as the board of directors of Catalyst, a leading nonprofit organization accelerating progress for women through workplace inclusion. She earned a bachelor’s degree in civil and environmental engineering from Pennsylvania State University.

Mr. Lewis, age 51, currently serves as executive vice president and president of International Operations at Zoetis Inc., a NYSE-listed global leader in the discovery, development, manufacture and commercialization of animal health medicines and vaccines that was spun off by Pfizer in 2013. Prior to being named to his current role in May 2015, he served as president of U.S. Operations at Zoetis from October 2012 to May 2015 and at Pfizer Animal Health from 2007 to October 2012. He joined Pfizer in 1988, and held positions of increasing responsibility across various commercial operations dedicated to human health prior to joining the animal health organization. He formerly served as chairman of the board for the Animal Health Institute (AHI), an industry trade association in the U.S., and currently serves as treasurer for the International Federation for Animal Health (IFAH), the industry trade association in Europe. He earned a bachelor’s degree in biology from Fairfield University and a Master of Business Administration in marketing from Fairleigh Dickinson University.

The Board of Directors has determined that Ms. Hinman and Mr. Lewis are each independent and each meet the applicable independence requirements of the New York Stock

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Exchange and the Board’s more rigorous standards for determining director independence. There have been no transactions since January 1, 2016, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which either she or he or any member of her or his immediate family had or will have any interest, that are required to be reported under Item 404(a) of Regulation S-K.

The selections of Ms. Hinman and Mr. Lewis were not pursuant to any arrangement or understanding between her or him and any other person. The Governance Committee of the Board of Directors recommended each of them to the full Board as a nominee for election. A third-party business leadership recruiting firm engaged by the Governance Committee provided assistance in identifying each of them as a potential Board candidate.

Ms. Hinman and Mr. Lewis will each be compensated in accordance with previously disclosed compensation programs for the Company’s non-management (outside) directors.