International Paper carries out management shuffle

Packaging and paper specialist International Paper has announced three management moves that see Mark Sutton named senior vice president of the Industrial Packaging segment and Carol Roberts takeover as chief financial officer (CFO).
 
International Paper said Sutton will have responsibility for Containerboard, Container the Americas and Recycling in his new role. 
 
John Faraci (pictured), chairman and chief executive officer at International Paper, said: ‘Mark's taking this business at an important time. His leadership skills, supply chain and company knowledge complement the already strong industrial packaging team as they plan and prepare to integrate Temple Inland's packaging business.’
 
Roberts is moving to her role as CFO from the Industrial Packaging segment. She will also lead the Finance organization at International Paper in the capacity of senior vice president. ‘Carol has done an excellent job building, leading and strengthening our Industrial Packaging business over the past seven years,’ Faraci said. ‘Her business expertise and strong leadership skills make her an excellent choice for this significant enterprise role.’ 
 
Former CFO Tim Nicholls is the third name moving, becoming senior vice president of Printing and Communications Papers for the Americas.
 
Of Nicholls, Faraci said: ‘Tim has led the IP Finance function as CFO for the past four years and during that time has built a stronger more effective organization.  He knows our businesses and can apply his deep understanding of IP's financial levers directly to our North American and Latin American uncoated freesheet paper businesses.’
 
Faraci concluded: ‘These changes demonstrate our commitment to people development and give these individuals opportunities to continue to broaden their experience base and contribute to the future success of International Paper.’