IP appoints Mark Sutton as CEO
International Paper has elected Mark Sutton as CEO and chairman of the board. He replaces John Faraci, who will retire.
Mark Sutton currently serves as president and chief operating officer responsible for leading and running the company's global operations, according to International Paper.
The company also announced the retirement of John V. Faraci, who led the transformation of International Paper that began in 2005, when the company included more than a dozen different businesses, from chemicals to real estate to forestry. The company sold its diverse assets and set a course to focus on its two core businesses, packaging and paper.
Mr Sutton will take over januari 1 next year.