AI English summary of an SEC filing — figures as filed

International Paper said Mark S. Sutton notified the Board of Directors on September 10, 2024 of his intent to retire as chairman and from the Board, effective September 30, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Sep 10, 2024Period of report Sep 10, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

International Paper said Mark S. Sutton notified the Board of Directors on September 10, 2024 of his intent to retire as chairman and from the Board, effective September 30, 2024.
The company said the Board appointed Andrew K. Silvernail as chairman on September 10, 2024, effective October 1, 2024. The press release said he will also serve as Chief Executive Officer (CEO).
Sutton has served as chairman of the Board since stepping aside as CEO in May, the company said. Lead Director Chris Connor said Sutton strengthened the balance sheet and focused the portfolio during his tenure.
The company said Silvernail joined International Paper as CEO in May 2024 and has two decades of experience leading global companies in the manufacturing and technology sectors. The press release said he served as Chairman and CEO of IDEX Corporation from 2011 to 2020.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Sutton Notifies Board of Retirement as Chairman and Director

International Paper said Mark S. Sutton notified the Board of Directors on September 10, 2024 of his intent to retire as chairman and from the Board, effective September 30, 2024.

Source · Based on the filing body and exhibits

Silvernail Appointed Chairman of the Board

The company said the Board appointed Andrew K. Silvernail as chairman on September 10, 2024, effective October 1, 2024. The press release said he will also serve as Chief Executive Officer (CEO).

Source · Based on the filing body and exhibits

Sutton's Role as Chairman and Lead Director Comments

Sutton has served as chairman of the Board since stepping aside as CEO in May, the company said. Lead Director Chris Connor said Sutton strengthened the balance sheet and focused the portfolio during his tenure.

Source · Based on the filing body and exhibits

Silvernail's Professional Background

The company said Silvernail joined International Paper as CEO in May 2024 and has two decades of experience leading global companies in the manufacturing and technology sectors. The press release said he served as Chairman and CEO of IDEX Corporation from 2011 to 2020.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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