International Paper Names Tom Hamic To New Leadership Role

Rhea-AI Summary

International Paper (NYSE:IP) has announced a significant leadership change, appointing Tom Hamic to the newly created role of Executive Vice President and President of North American Packaging Solutions, effective September 1. Hamic, who joined the company in 1991, will lead the Container and Containerboard businesses in North America, reporting directly to CEO Andy Silvernail.

Hamic's extensive experience includes various roles in sales, marketing, finance, strategic planning, and leadership across the United States and Europe. He was named a company officer in 2009 and elected senior vice president in 2019. His most recent position was senior vice president and general manager of North American Container and Chief Commercial Officer.

Positive

• Creation of a new executive leadership role focusing on North American Packaging Solutions
• Appointment of an experienced internal candidate with 33 years of company experience
• Consolidation of Container and Containerboard businesses under one leadership

Negative

• None.

News Market Reaction – IP

+0.68%

+0.68% Session move

In the trading session that priced this news, IP gained 0.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Tom Hamic named Executive Vice President and President of North American Packaging Solutions

MEMPHIS, Tenn., Aug. 26, 2024 /PRNewswire/ -- Today, International Paper (NYSE:IP) announced its Board of Directors elected Tom Hamic to a newly created role: Executive Vice President and President of North American Packaging Solutions, reporting to CEO Andy Silvernail. Effective September 1, Hamic will be responsible for leading the company's Container and Containerboard businesses in North America.

"Tom is a strategic and effective leader with a long track record of success," said Silvernail. "The Board and I are confident he will lead the team well as we work together to deliver excellence for our customers and profitable growth for our shareholders."

Hamic joined the company in 1991 and has served in a variety of sales, marketing, finance, strategic planning and leadership roles in the United States and Europe. In 2009, he was named a company officer and was elected senior vice president in 2019. Most recently, Tom served as senior vice president and general manager, North American Container and Chief Commercial Officer.

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 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

What new role has International Paper (NYSE:IP) created and who will fill it?

International Paper has created the new role of Executive Vice President and President of North American Packaging Solutions, which will be filled by Tom Hamic effective September 1, 2024.

What will Tom Hamic's responsibilities be in his new role at International Paper (NYSE:IP)?

In his new role, Tom Hamic will be responsible for leading International Paper's Container and Containerboard businesses in North America, reporting directly to CEO Andy Silvernail.

When did Tom Hamic join International Paper (NYSE:IP) and what positions has he held?

Tom Hamic joined International Paper in 1991 and has held various roles in sales, marketing, finance, strategic planning, and leadership. He became a company officer in 2009, was elected senior vice president in 2019, and most recently served as senior vice president and general manager of North American Container and Chief Commercial Officer.

When will Tom Hamic's appointment at International Paper (NYSE:IP) take effect?

Tom Hamic's appointment as Executive Vice President and President of North American Packaging Solutions at International Paper will take effect on September 1, 2024.