CEOWORLD magazine

5th Avenue, New York, NY 10001, United States
Phone: +1 3479835101
Email: info@ceoworld.biz
CEOWORLD magazine - Latest - Banking and Finance - CEO Succession Plan for International Paper

Banking and Finance

CEO Succession Plan for International Paper

International

International Paper (NYSE: IP) made an announcement in which Chairman and CEO Mark Sutton expressed his request for the Board of Directors to proceed with the next phase of the company’s CEO succession plan. This phase involves conducting a thorough assessment of potential candidates, both from within the organization and externally, to identify Sutton’s eventual successor. Sutton will continue to serve as chairman and CEO until his successor assumes the role.

Sutton stated, “I am confident that this is the right time to initiate this phase of our multi-year succession plan,” said Sutton. “Our experienced leadership team, refined business portfolio, ongoing execution of our transformation strategy, and strong balance sheet position the company for our next leader to capitalize on significant opportunities for profitable growth. I look forward to working with our Board of Directors on this phase of the process. I will continue to lead the management team to ensure the company’s success and a seamless handoff to my successor.”

Lead Director Chris Connor commented, “Mark has done an exceptional job creating a strategic platform to enable the company’s future performance and profitable growth. He has developed a strong senior leadership team and prepared the company for this important transition. The Board appreciates the leadership he has provided over his four decades of service and the significant contributions he has made leading the company as Chairman and CEO for nearly a decade. The Board, with the guidance of our Management Development and Compensation Committee, will seek to find the right leader who, like Mark, is grounded in the company’s core values and focused on creating value for our stakeholders.”

 

Have you read?
The world’s largest economies in 2023.
Ranked: Safest Countries in the World, 2023.
Countries With the Most Female Billionaires, 2023.
Economy Rankings: Largest countries by GDP, 2023.
The Global Passport Index: The World’s Most Powerful Passports.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Banking and Finance - CEO Succession Plan for International Paper
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz