Tim Nicholls Appointed Chief Financial Officer; Jean-Michel Ribiéras To Lead Industrial Packaging the Americas; Cathy Slater To Lead Global Cellulose Fibers

Memphis, Tenn. – International Paper today announced that Timothy S. Nicholls has been appointed Senior Vice President and Chief Financial Officer, succeeding Glenn R. Landau who is leaving the company for personal reasons. Mr. Nicholls, who currently serves as Senior Vice President - Industrial Packaging the Americas, previously served as Chief Financial Officer of the Company from December 2007 through November 2011.

International Paper logo. (PRNewsfoto/International Paper)
The Company also announced that Jean-Michel Ribiéras, currently Senior Vice President - Global Cellulose Fibers, has been appointed Senior Vice President - Industrial Packaging the Americas, succeeding Mr. Nicholls, and that Catherine I. Slater has been appointed Senior Vice President - Global Cellulose Fibers. All appointments are effective immediately.

"These appointments reflect the breadth and depth of our exceptionally strong management team as we continue to focus on delivering long-term value for all stakeholders by establishing advantaged positions in attractive market segments," said Mark Sutton, Chairman and CEO. "Tim has extensive experience at IP having served in senior executive roles across the organization, including as our former CFO. Tim, Jean-Michel and Cathy are outstanding leaders with proven track records of success across a range of positions, businesses and geographies. I would like to thank Glenn for his many years of service and wish him well."