International Paper Co.
International Paper Appoints New Director and Announces Executive Severance Plan
Summary
International Paper Company announced on February 11, 2025, the appointment of David A. Robbie to its Board of Directors, effective immediately. Mr. Robbie will serve on the Audit and Finance and Public Policy and Environment committees. Additionally, the company introduced a new Executive Severance Plan for certain officers, including Named Executive Officers, effective February 11, 2025. This plan provides for lump sum cash payments, continuation of health and welfare benefits, and other severance benefits upon termination of employment. A press release and the full text of the severance plan are furnished as Exhibits 99.1 and 10.1, respectively.
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Exhibits (2)
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About International Paper Co.
International Paper Co. is a leading global producer of renewable fiber-based packaging, pulp, and paper products. Primarily serving the industrial packaging sector, the company plays a critical role in the supply chain for a variety of industries, providing essential materials for sustainable packaging solutions. Beyond industrial packaging, International Paper Co. is deeply involved in the production of pulp used in the making of personal care products, tissue, and other consumer-oriented goods. Through its expansive reach across North America, Latin America, Europe, and beyond, International Paper Co. adheres to sustainable practices, prioritizing renewable resources and environmentally friendly processes. Established in 1898 and headquartered in Memphis, Tennessee, the company is a significant player in the global forest products industry. Its commitment to sustainability and innovation helps meet the world's packaging needs while minimizing environmental impact, making it a key influencer in promoting ecological consciousness within the financial markets.
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