International Paper Announces Leadership Moves
International Paper announced the following three senior leadership moves effective Nov. 1.
- Tim Nicholls named senior vice president, Printing and Communications Papers, the Americas
- Carol Roberts named senior vice president and Chief Financial Officer, IP
- Mark Sutton named senior vice president, Industrial Packaging
Nicholls will have responsibility for the Commercial Printing and Imaging Papers, and Converting Papers and Pulp businesses, as well as IP Latin America, which includes IP Brazil.
John Faraci, Chairman and Chief Executive Officer, said, "Tim has led the IP finance function as CFO for the past four years and during that time has built a stronger more effective organization. He knows our businesses and can apply his deep understanding of IP's financial levers directly to our North American and Latin American uncoated freesheet paper businesses."
In addition to her responsibilities as CFO, Roberts will lead the Finance organization, including Internal Audit, Tax, Accounting, Trust Investments, Investor Relations and Treasury. Information Technology and Strategic Planning will also report to Roberts. The IP Audit team will continue to report jointly to the CFO and Chairman and CEO.
"Carol has done an excellent job building, leading and strengthening our Industrial Packaging business over the past seven years," Faraci said. "Her business expertise and strong leadership skills make her an excellent choice for this significant enterprise role."
In this role Sutton will have responsibility for Containerboard, Container the Americas and Recycling.
"Mark's taking this business at an important time," said Faraci. "His leadership skills, supply chain and company knowledge complement the already strong industrial packaging team as they plan and prepare to integrate Temple Inland's packaging business."
Commenting on the overall leadership changes, Faraci said, "International Paper has a strong and deep bench and these moves reflect the talent of the entire senior leadership team. These changes also demonstrate our commitment to people development and give these individuals opportunities to continue to broaden their experience base and contribute to the future success of International Paper."