International Paper Says Board Elects Andrew Silvernail To Succeed Mark Sutton As CEO

RTTNews | 405 days ago
Stocktwits
International Paper Says Board Elects Andrew Silvernail To Succeed Mark Sutton As CEO

(RTTNews) - International Paper (IP) announced Tuesday that its board of directors has elected Andrew Silvernail as Chief Executive Officer (CEO), following an extensive evaluation process.

Effective May 1, 2024, Silvernail will succeed Mark Sutton, who previously announced the final phase of the CEO succession process. Sutton will continue in his role as Chairman of the International Paper Board of Directors to ensure a smooth and successful transition.

Silvernail joins IP from KKR & Co., Inc., a global investment firm, where he served as an executive advisor. Silvernail also served as the 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 Corp. from 2011 to 2020. He previously held executive positions at Rexnord Industries, Newell Rubbermaid and Danaher Corp. He currently serves on the Board of Directors of Stryker Corp.

Tags: IP
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European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.
RTTNews | 22 minutes ago
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.
RTTNews | 32 minutes ago
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Tuesday as investors watch the latest developments on trade talks and await cues from some big U.S. tech companies.
RTTNews | 42 minutes ago
Sensex, Nifty Fluctuate In Lackluster Trade

Sensex, Nifty Fluctuate In Lackluster Trade

Indian shares fluctuated in early trade on Tuesday, tracking muted cues from global markets as investors looked for signs of progress on the global trade front.
RTTNews | 1h 53min ago
Australian Market Strongly Adds To Early Gains In Mid-market

Australian Market Strongly Adds To Early Gains In Mid-market

The Australian stock market is strongly extending its early modest gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,000 mark, with gains across most sectors led by iron ore miners, technology and energy stocks.
RTTNews | 2h 56min ago
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