International Paper has confirmed that its Board of Directors has elected Andrew Silvernail as CEO, following an extensive evaluation process.
Effective May 1, 2024, Silvernail (pictured left) will succeed Mark Sutton, who previously announced the final phase of the CEO succession process. Sutton will continue in his role as Chairman of the International Paper Board of Directors to ensure a smooth and successful transition.
Mark Sutton, current CEO and Chairman of the Board, said, “The Board’s succession process was comprehensive, and I’m confident that Andy’s experience paired with the industry expertise of our senior leadership team will amplify the company’s success going forward. It’s been a privilege to work with the IP team for the past 40 years and to lead the company for the past decade – I am incredibly proud to be IP.”
Silvernail added, “I’m honoured and proud to be a part of International Paper, a strong and resilient company and a force for good in communities around the world. Many things impressed me about IP, from the customers who rely on its essential products to the core values that drive its culture and its extraordinary sustainability platform. Thanks to Mark’s leadership, the company is well-positioned for growth, and I’m excited to be a part of what’s next for IP.”
