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Mark Sutton to retire from the Board of Directors Sept. 30, 2024.
September 12, 2024
By: DAVID SAVASTANO
International Paper announced that its board of directors elected Andy Silvernail as chairman of the International Paper Board of Directors in addition to his role as CEO, effective Oct. 1, 2024. Mark Sutton, who has continued to serve in the role of chairman of the board since retiring as CEO in May, will retire from the board on Sept. 30, 2024. “On behalf of the Board of Directors, I’d like to thank Mark for his many years of service to IP and for his leadership as chairman and CEO,” said Chris Connor, International Paper lead director. “During his tenure, he strengthened the company’s balance sheet and focused the portfolio. He leaves behind a strong legacy, and we wish him and his family all the best. “Additionally,” Connor added, “we are pleased that Andy is taking on the role of chairman of the board. In just four months with IP, he is off to a terrific start and has the team aligned on implementing our strategy. Andy has a clear plan for unlocking the company’s potential to drive results and achieve excellence for our employees, customers and shareholders.” Silvernail joined International Paper as CEO in May 2024. He has two decades of experience leading global companies in the manufacturing and technology sectors. He previously worked at KKR & Co., Inc., where he served as an executive advisor. Silvernail held the role of chairman and CEO of Madison Industries, one of the world’s largest privately held companies. Prior to that, Silvernail served as chairman and CEO of IDEX Corporation from 2011 to 2020. Silvernail previously held executive positions at Rexnord Industries, Newell Rubbermaid and Danaher Corporation.
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