Jamie A.
Beggs and Scott A. Tozier to
Join as Newest Board Members
Ilene S. Gordon
to Retire from the Board
MEMPHIS,
Tenn., May 22, 2024 /PRNewswire/
-- International Paper ("IP") (NYSE: IP) announced that
Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board
of Directors, effective May 21, 2024.
The company also announced that Ilene S.
Gordon has retired from the Board citing personal and health
reasons, effective May 21, 2024.
- Ms. Beggs, age 47, currently serves as Senior Vice
President and Chief Financial Officer of Avient Corporation (NYSE:
AVNT), a premier provider of specialized and sustainable materials
solutions and services. In her current role, she is responsible for
all areas of finance and investor relations, as well as, at times,
information technology and corporate communications. She is also
helping lead the organization through a strategy focused on
long-term sales growth leveraging innovative and sustainable
solutions, growth into new end markets and geographies, and
expansion of EBITDA margins. Previously, Ms. Beggs served as Senior
Vice President and Chief Financial Officer at Hunt Consolidated and
prior to that, spent a decade in various roles at Celanese
Corporation. Ms. Beggs earned her Bachelor of Business
Administration and her Master of Professional Accounting from The
University of Texas at Austin in 1999.
She is also a certified public accountant.
- Mr. Tozier, age 58, currently serves as a strategic
advisor at Albemarle Corporation, (NYSE: ALB), a global leader in
providing essential elements for mobility, energy, connectivity,
and health. From 2011 – 2023, he served as the Executive Vice
President and Chief Financial Officer of Albemarle Corporation,
where he led a team of over 500 employees around the world
responsible for all aspects of financial management, M&A,
sustainability, and at times, information technology, corporate
procurement, and logistics and shared services. Under his
leadership, Albemarle's revenues grew from $2.9 billion in 2011 to $7.3 billion in 2022 and market cap grew from
$5B in 2011, peaked at $38B in 2022, and is currently at ~$14B. Mr. Tozier was also part of the leadership
team that laid the strategy for M&A activities as well as
divesting of businesses that did not fit the company's growth
profile. Previously, he spent 16 years with Honeywell, where he
held senior financial positions in the U.S., Australia, and Europe. Mr. Tozier earned a Bachelor of
Business Administration in Accounting and Information Systems from
the University of Wisconsin-Madison in
1988 and his Master of Business Administration from the
University of Michigan in 1994. He is
also a certified public accountant.
Ms. Beggs and Mr. Tozier will each be appointed to the Audit and
Finance Committee and the Public Policy and Environment Committee
effective May 21, 2024.
Mark S. Sutton, Chairman of IP
said, "Jamie and Scott are seasoned, global executives who bring
extensive financial expertise and business insight to IP's Board of
Directors. Jamie's deep finance, IR and audit experience in
asset-intensive industries growing into new geographies, combined
with Scott's track record of guiding businesses through strategic
transformations, including significant M&A, will be invaluable
as we embark on our next phase of growth."
Sutton continued, "I am very appreciative to Ilene for her many
contributions to the IP Board over the past 12 years. We are
grateful for her insight and guidance throughout her tenure, for
her nearly five years as the Board's lead independent Presiding
Director, as well as her leadership as chair of the Governance
Committee."
With these changes, the IP Board will consist of 11 directors,
nine of whom are classified as independent directors. At its
May 14, 2024, regular meeting, the
Board appointed Clinton A. Lewis,
Jr., as chair of the Governance Committee.
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, Latin America,
North Africa and Europe. Net sales for 2023 were $18.9 billion. Additional information can be
found by visiting internationalpaper.com.
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SOURCE International Paper