MEMPHIS, Tenn., Sept. 10, 2018 /PRNewswire/ -- International
Paper (NYSE: IP) announced today the retirement of C. Cato Ealy, senior vice president, Corporate
Development after 26 years with the company. His retirement
will be effective December 31,
2018.
Mr. Ealy joined the company in 1992 as director of Corporate
Development. In June 1996, he
was promoted to vice president and was elected as a senior vice
president in June 2003. Mr. Ealy has been responsible for the
company's acquisitions and divestitures. Most notably, he played a
key role in developing and executing the company's transformation
plan, which included significant divestitures and several important
acquisitions transforming International Paper into a leading global
packaging, pulp and paper company.
"Cato has been a key contributor to the success of International
Paper for nearly three decades helping to make IP a more
sustainable and profitable company," said Mark S. Sutton, chairman and CEO. "All of us
wish him the very best in retirement."
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, Russia and India. We produce corrugated packaging
products that protect and promote goods, and enable worldwide
commerce; pulp for diapers, tissue and other personal hygiene
products that promote health and wellness and papers that
facilitate education and communication. We are headquartered in
Memphis, Tenn., and employ
approximately 52,000 colleagues located in more than 24 countries.
Net sales for 2017 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