Tag Archives: International Paper

Santiago Arbelaez named Chairman of International Paper’s Paper and Packaging Board

International Paper announces the appointment of Santiago Arbelaez as the Chairman of the Paper and Packaging Board (P+PB) Board of Directors. This leadership appointment was made by USDA Secretary Tom Vilsack and marks a pivotal moment for the organization. As the Chairman, Arbelaez will collaborate closely with the P+PB leadership team and the eight-member Board […]

Computerworld names International Paper to 2024 list of Best Places to Work in IT

Foundry’s Computerworld announces International Paper as a 2024 Best Places to Work in IT. This award recognizes the top organizations that challenge their IT staffs while providing great benefits and compensation. Organizations will be included in coverage on Computerworld.com along with results from the 2024 Best Places to Work in IT survey.   “It’s an […]

International Paper reports Q3 2023 results

International Paper recently reported third quarter 2023 financial results. Q3 2023 highlights include: Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share) $75 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets Cash provided by […]

International Paper to permanently close its Orange mill

International Paper announced a series of actions to further strengthen and optimize its manufacturing system to meet customers’ needs. The company will permanently close its containerboard mill in Orange, Texas, and will permanently cease production on two of its pulp machines – the #20 machine in Riegelwood, N.C., and the #4 machine in Pensacola, Fla. […]

International Paper completes sale of ownership interest in Ilim joint venture

International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash. In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM […]

International Paper opens new corrugated packaging facility in Atglen, Pennsylvania

International Paper recently celebrated the opening of its newest state-of-the-art corrugated packaging facility in Atglen, PA. The new $100 million facility is providing more than 100 manufacturing jobs to Atglen and the surrounding communities. The new facility will produce corrugated packaging for produce, processed food, beverage, shipping, distribution and e-commerce customers. IP’s new $100 million […]

Mark Sutton to step down as Chairman and CEO of International Paper

International Paper announced that Chairman and CEO Mark Sutton has requested that the Board of Directors move forward with the next phase of the company’s CEO succession plan. This phase in the process will include a comprehensive evaluation of internal and external candidates for Sutton’s successor. Sutton will continue in his role as chairman and CEO […]

International Paper reports Q2 net earnings of $235 million

International Paper (IP) reported Q2 2023 financial results. Net earnings were $235 million ($0.68 per diluted share), Adjusted operating earnings were $204 million ($0.59 per diluted share). “In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building […]

The Paper Excellence Group Announces Renewed Business Unit Structure

The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021. Steve Henry, currently Domtar’s Executive Vice President and Chief Operating Officer, has been named President of the Paper & Packaging business unit with […]

International Paper recommends shareholders reject mini-tender offer

International Paper announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 3,000,000 shares of International Paper Company common stock from International Paper shareholders. The offer represents approximately 0.86 % of International Paper’s shares of common stock outstanding as of the May 9, 2023 offer […]