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MEMPHIS, Tenn. - International Paper Company (NYSE:IP), a global leader in sustainable packaging solutions, announced significant changes to its executive leadership team, effective April 1, 2025. Timothy S. Nicholls has been promoted to the role of Executive Vice President and President of DS Smith, an International Paper company operating in Europe, the Middle East, and Africa. Concurrently, Lance T. Loeffler will assume the position of Senior Vice President and Chief Financial Officer.
The appointments come as International Paper continues to expand its global reach, following the acquisition of DS Smith. This strategic move has positioned the company as a prominent player in the sustainable packaging industry across the North American and EMEA regions.
Nicholls, whose tenure with International Paper has been marked by strategic leadership and operational excellence, will lead the company’s business in the EMEA region. His promotion reflects the company’s commitment to integrating DS Smith into its portfolio and driving growth in these key markets.
Loeffler brings a wealth of financial expertise to his new role as CFO, where he will oversee the company’s financial strategies and operations. His appointment is integral to maintaining International Paper’s fiscal health and supporting its strategic initiatives.
Joseph R. Saab, Senior Vice President, General Counsel, and Corporate Secretary, was responsible for the release of this announcement on behalf of the company.
International Paper, with headquarters in Memphis, Tennessee, and EMEA headquarters in London, UK, employs over 65,000 team members. The company operates in more than 30 countries and generated net sales of $18.6 billion in 2024. The acquisition of DS Smith has been a significant step in International Paper’s strategy to lead the industry in sustainable packaging solutions.
This information is based on a press release statement.
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