International Paper Makes Senior Leadership Announcement

Rhea-AI Summary

International Paper (NYSE:IP) has announced that Tom Plath, Senior Vice President of Human Resources and Corporate Affairs, will leave the company at the end of 2024. Plath has been with IP for 33 years, serving in various roles including HR, operations, marketing, and general management. He became an officer in 2013 and was elected senior vice president in 2017.

Plath's current responsibilities, which include human resources, aviation, real estate, communications, sustainability, and government relations, will be reassigned immediately. He will serve in an advisory capacity through the end of the year to ensure a smooth transition. No replacement has been appointed yet.

Positive

• None.

Negative

• Senior leadership departure may create temporary uncertainty
• Potential loss of institutional knowledge with Plath's exit after 33 years

News Market Reaction

+1.62%

1 alert

+1.62% News Effect

On the day this news was published, IP gained 1.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Senior Vice President Tom Plath to leave company at end of year

MEMPHIS, Tenn., Aug. 13, 2024 /PRNewswire/ -- International Paper (NYSE:IP) announced today that Tom Plath, Senior Vice President of Human Resources and Corporate Affairs, will leave the company at the end of the year.

During his 33-year career with IP, Plath has served in a number of roles in HR, operations, marketing and general management. He was named an officer in 2013 and was elected senior vice president in 2017. His role was expanded in 2023 to SVP, human resources and corporate affairs, with responsibilities for human resources, aviation, real estate, communications, sustainability and government relations.

Plath's current responsibilities will be reassigned immediately, and he will serve in an advisory capacity through the end of the year to ensure a smooth transition. A replacement has not yet been appointed.

About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what's next. We serve customers worldwide, with manufacturing operations in North America, Europe, Latin America and North Africa. Net sales for 2023 were $18.9 billion. Additional information can be found by visiting internationalpaper.com.

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SOURCE International Paper

FAQ

When is Tom Plath leaving International Paper (NYSE:IP)?

Tom Plath will leave International Paper (NYSE:IP) at the end of 2024.

What positions did Tom Plath hold at International Paper (NYSE:IP)?

Tom Plath held various roles at International Paper, including Senior Vice President of Human Resources and Corporate Affairs. He became an officer in 2013 and was elected senior vice president in 2017.

Has International Paper (NYSE:IP) appointed a replacement for Tom Plath?

No, International Paper (NYSE:IP) has not yet appointed a replacement for Tom Plath.

How will International Paper (NYSE:IP) manage the transition after Tom Plath's departure?

Plath's responsibilities will be reassigned immediately, and he will serve in an advisory capacity through the end of 2024 to ensure a smooth transition.