International Paper (IP) announced that its board of directors has elected Andrew Silvernail as CEO, following an extensive evaluation process. Effective May 1, Silvernail will succeed Mark Sutton, who previously announced the final phase of the CEO succession process. Sutton will continue in his role as Chairman of the International Paper Board of Directors to ensure a smooth and successful transition. Silvernail has two decades of experience leading global companies in the manufacturing and technology sectors. He joins IP from KKR & Co. (KKR) where he served as an executive advisor.
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