International Paper Names New Leaders

Rhea-AI Summary

International Paper (NYSE: IP) has announced key changes to its executive leadership team. Tim Nicholls, who has served as CFO since 2018, has been appointed Executive Vice President and President of DS Smith, an International Paper company. Nicholls brings over 30 years of industry experience, including previous roles as CFO from 2007-2011 and leadership of IP's Packaging business in the Americas.

Additionally, Lance Loeffler will join as Senior Vice President and Chief Financial Officer. Loeffler comes with 25+ years of experience, including roles at UBS Investment Bank, Deutsche Bank Securities, and most recently as SVP for Middle East and North Africa Region at Halliburton, where he also served as CFO for four years.

Both executives will report to Chairman and CEO Andy Silvernail, who expressed confidence in their abilities to drive excellence and support IP's transformation as a leading sustainable packaging solutions provider in North America and EMEA.

Positive

• Strategic leadership appointments strengthen executive team
• New DS Smith president brings extensive internal experience and integration knowledge
• New CFO adds valuable external perspective and public company leadership experience

Negative

• None.

Tim Nicholls named Executive Vice President and President of DS Smith, an International Paper company

Lance Loeffler named Senior Vice President and Chief Financial Officer

MEMPHIS, Tenn., Feb. 28, 2025 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) today announced changes to its executive leadership team.

Tim Nicholls has been named Executive Vice President and President of DS Smith, an International Paper company, reporting to Chairman and Chief Executive Officer Andy Silvernail. Tim has more than 30 years of industry experience including a variety of business and finance leadership roles. He has served as the CFO of International Paper since 2018 and also held the CFO role from 2007 to 2011. From 2014 to 2018, Tim led IP's Packaging business in North and South America and earlier in his career he was based in Europe as the VP and CFO for IP Europe. He led the IP side of the integration planning for the combination with DS Smith and served as the interim leader of the combined business in EMEA since the close of the transaction.

"Tim is an exceptional leader with a passion for people and results. I look forward to working with him in this new leadership role where he can continue to build a strong team that will drive excellence," said Silvernail.

Additionally, Lance Loeffler will join International Paper as Senior Vice President and Chief Financial Officer (CFO), reporting to Silvernail. Throughout his more than 25-year career, he has worked in finance, strategy and business leadership roles at UBS Investment Bank, Deutsche Bank Securities and Halliburton. At Halliburton, he served as CFO for four years and most recently was the SVP, Middle East and North Africa Region. Loeffler holds an MBA with concentrations in finance and accounting and a bachelor's degree in finance from Red McCombs School of Business at The University of Texas at Austin.

"We are thrilled to have Lance join the IP team," Silvernail added. "Lance is an effective and experienced CFO and public company leader with a proven track record of performance. He will be an incredible asset in supporting International Paper's transformational journey as a leading producer of sustainable packaging solutions in North America and EMEA."

About International Paper
International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, USA, and EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ more than 65,000 team members and serve customers around the world with operations in more than 30 countries. Together with our customers, we make the world safer and more productive, one sustainable packaging solution at a time. Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired DS Smith creating an industry leader focused on the attractive and growing North American and EMEA regions. Additional information can be found by visiting www.internationalpaper.com. 

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SOURCE International Paper

FAQ

Who is the new President of DS Smith at International Paper (IP)?

Tim Nicholls, former CFO of International Paper, has been appointed Executive Vice President and President of DS Smith, bringing over 30 years of industry experience.

Who is International Paper's new CFO in 2025?

Lance Loeffler has been appointed as Senior Vice President and Chief Financial Officer, joining from Halliburton where he served as SVP for Middle East and North Africa Region.

What was Tim Nicholls' previous role at International Paper?

Tim Nicholls served as CFO of International Paper since 2018, and previously held the same role from 2007 to 2011. He also led IP's Packaging business in North and South America from 2014 to 2018.

What is Lance Loeffler's background before joining International Paper?

Lance Loeffler has 25+ years of experience in finance, strategy and business leadership roles at UBS Investment Bank, Deutsche Bank Securities, and Halliburton, where he served as CFO for four years.