International Paper Names Andy Silvernail Board Chair
International Paper (NYSE: IP) has elected Andy Silvernail as Chairman of the Board of Directors. He will continue to serve as Chief Executive Officer (CEO), unifying the company’s leadership under one seat. The appointment is effective immediately, signaling a clear handoff and a steady course for governance, strategy, and execution.
Farewell to Mark Sutton
Outgoing Chairman Mark Sutton has served on the Board since his time as CEO, a role from which he retired this past May. His final day on the Board is set for September 30, closing out a tenure defined by discipline and focus. Lead Director Chris Connor thanked Sutton for his service, pointing to the stronger balance sheet and a more streamlined portfolio that resulted from his leadership. The acknowledgment is more than ceremonial; it marks a deliberate transition from one steady hand to another.
What the New Chairmanship Signals
In announcing the change, Connor underscored the Board’s confidence in Silvernail. With a deep operating background and a clear plan for what comes next, Silvernail has aligned the leadership team around a handful of priorities aimed at durable growth and day-to-day excellence. Since joining International Paper, he’s made an immediate impact, with an emphasis on unlocking the company’s potential in ways employees can feel and customers can see.
Silvernail’s Experience and Track Record
Silvernail became CEO in May and brings roughly two decades of leadership experience across manufacturing and technology. He previously served as an executive advisor at KKR & Co., Inc., and as Chairman and CEO of Madison Industries, a major player among privately held companies. Earlier, at IDEX Corporation, the company delivered a 500% increase in total shareholder return under his leadership—an outcome that reflects a consistent focus on results and disciplined execution.
About International Paper
International Paper is known for its work in fiber-based products and its commitment to sustainability and innovation. Headquartered in Memphis, the company employs around 39,000 people worldwide who design and make sustainable packaging and recycling solutions. Its footprint spans North America, Europe, Latin America, and Africa. Last year, the company reported net sales of $18.9 billion, underscoring the scale of its operations and the reach of its customer base.
Looking Ahead
As Silvernail steps into the combined role of Chairman and CEO, his focus is on continuity where it matters and change where it counts. He aims to build on Sutton’s legacy while keeping the leadership transition seamless for employees, customers, and partners. With a results-oriented approach, the company plans to navigate market complexity with clarity and invest in innovation that strengthens its core. This leadership shift is designed to reinforce International Paper’s position in its industry and reaffirm its commitments to sustainability, operational excellence, and long-term value creation.
Frequently Asked Questions
Who is now leading the Board at International Paper?
Andy Silvernail has been elected Chairman of the Board and will continue serving as Chief Executive Officer.
When does Mark Sutton leave the Board?
Mark Sutton’s last day on the Board is September 30. He retired from the CEO role this past May.
What experience does Andy Silvernail bring to the role?
Silvernail has about two decades of leadership experience in manufacturing and technology, including roles as an executive advisor at KKR & Co., Inc., Chairman and CEO of Madison Industries, and leadership at IDEX Corporation, where total shareholder return increased by 500% under his tenure.
What does International Paper do, and where does it operate?
The company produces fiber-based products, including sustainable packaging and recycling solutions. It’s headquartered in Memphis and operates across North America, Europe, Latin America, and Africa.
How large is International Paper?
International Paper employs around 39,000 people worldwide and reported net sales of $18.9 billion last year.
