International Paper, a global leader in sustainable packaging, pulp, and other fiber-based products, has announced a key leadership change. Andy Silvernail, who joined the company as CEO in May 2024, has been elected Chairman of the Board of Directors, effective October 1, 2024. This appointment comes as Mark Sutton, who served as Chairman of the Board since retiring as CEO in May, steps down from the Board on September 30, 2024.
Chris Connor, International Paper’s Lead Director, expressed gratitude for Sutton’s contributions, highlighting his role in strengthening the company’s financial position and streamlining its portfolio. Connor also expressed confidence in Silvernail’s ability to lead the company forward. He noted Silvernail’s impressive track record, citing his experience in leading global companies in the manufacturing and technology sectors. Silvernail’s prior roles include Chairman and CEO of Madison Industries, a prominent private company, as well as Chairman and CEO of IDEX Corporation, where he achieved significant growth in shareholder returns and employee engagement.
Silvernail’s appointment as Chairman marks a new chapter for International Paper. His extensive experience and leadership skills position him to guide the company through its continued growth and innovation. With a clear vision for unlocking the company’s potential, Silvernail aims to drive results and achieve excellence for employees, customers, and shareholders.
International Paper is committed to sustainability and environmental responsibility. The company is one of the world’s largest recyclers and is dedicated to creating a more sustainable future through its products and operations. With Silvernail at the helm, International Paper is poised to continue its legacy of innovation and responsible business practices.
