Tim Nicholls named Executive Vice
President and President of DS Smith, an International Paper
company
Lance Loeffler
named Senior Vice President and Chief Financial Officer
MEMPHIS,
Tenn., Feb. 28, 2025 /PRNewswire/ --
International Paper (NYSE: IP; LSE: IPC) today announced changes to
its executive leadership team.
Tim Nicholls has been named
Executive Vice President and President of DS Smith, an
International Paper company, reporting to Chairman and Chief
Executive Officer Andy Silvernail.
Tim has more than 30 years of industry experience including a
variety of business and finance leadership roles. He has served as
the CFO of International Paper since 2018 and also held the CFO
role from 2007 to 2011. From 2014 to 2018, Tim led IP's Packaging
business in North and South
America and earlier in his career he was based in
Europe as the VP and CFO for IP
Europe. He led the IP side of the integration planning for the
combination with DS Smith and served as the interim leader of the
combined business in EMEA since the close of the transaction.
"Tim is an exceptional leader with a passion for people and
results. I look forward to working with him in this new leadership
role where he can continue to build a strong team that will drive
excellence," said Silvernail.
Additionally, Lance Loeffler will join International
Paper as Senior Vice President and Chief Financial Officer
(CFO), reporting to Silvernail. Throughout his more than
25-year career, he has worked in finance, strategy and business
leadership roles at UBS Investment Bank, Deutsche Bank Securities
and Halliburton. At Halliburton, he served as CFO for four years
and most recently was the SVP, Middle
East and North Africa Region. Loeffler holds an MBA with
concentrations in finance and accounting and a bachelor's degree in
finance from Red McCombs School of
Business at The University of Texas at
Austin.
"We are thrilled to have Lance join the IP team," Silvernail
added. "Lance is an effective and experienced CFO and public
company leader with a proven track record of performance. He will
be an incredible asset in supporting International Paper's
transformational journey as a leading producer of sustainable
packaging solutions in North
America and EMEA."
About International Paper
International Paper (NYSE: IP; LSE: IPC) is the global leader in
sustainable packaging solutions. With company headquarters in
Memphis, Tennessee, USA, and EMEA
(Europe, Middle East and Africa) headquarters in London, UK, we employ more than 65,000 team
members and serve customers around the world with operations in
more than 30 countries. Together with our customers, we make the
world safer and more productive, one sustainable packaging solution
at a time. Net sales for 2024 were $18.6
billion. In 2025, International Paper acquired DS Smith
creating an industry leader focused on the attractive and growing
North American and EMEA regions. Additional information can be
found by visiting www.internationalpaper.com.
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