International Paper Announces Changes to Board of Directors

International Paper (IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP’s Board of Directors, effective May 21, 2024.

The company also announced that Ilene S. Gordon has retired from the board citing personal and health reasons, effective May 21, 2024.

Beggs currently serves as SVP and CFO of Avient Corporation, where she is responsible for all areas of finance and investor relations, as well as, at times, information technology and corporate communications. She is also helping lead the organization through a strategy focused on long-term sales growth leveraging innovative and sustainable solutions, growth into new end markets and geographies, and expansion of EBITDA margins.

Previously, Beggs served as SVP and CFO at Hunt Consolidated and prior to that, spent a decade in various roles at Celanese Corporation.

Tozier currently serves as a strategic advisor at Albemarle Corporation. From 2011 – 2023, he served as the EVP and CFO of Albemarle Corporation, where he led a team of more than 500 employees around the world responsible for all aspects of financial management, M&A, sustainability, and at times, information technology, corporate procurement, and logistics and shared services.

Under his leadership, Albemarle’s revenues grew from $2.9 billion in 2011 to $7.3 billion in 2022 and market cap grew from $5 billion in 2011, peaked at $38 billion in 2022, and is currently at ~$14 billion.

Tozier was also part of the leadership team that laid the strategy for M&A activities as well as divesting of businesses that did not fit the company’s growth profile. Previously, he spent 16 years with Honeywell, where he held senior financial positions in the US, Australia, and Europe.

“Jamie and Scott are seasoned, global executives who bring extensive financial expertise and business insight to IP’s Board of Directors,” Mark S. Sutton, chairman of IP, said. “Jamie’s deep finance, IR and audit experience in asset-intensive industries growing into new geographies, combined with Scott’s track record of guiding businesses through strategic transformations, including significant M&A, will be invaluable as we embark on our next phase of growth.

“I am very appreciative to Ilene for her many contributions to the IP Board over the past 12 years,” Sutton continued. “We are grateful for her insight and guidance throughout her tenure, for her nearly five years as the board’s lead independent presiding director, as well as her leadership as chair of the Governance Committee.”