International Paper Appoints New CFO, Adds Directors
Ticker: INPAP · Form: 8-K · Filed: Aug 13, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | 8-K |
| Filed Date | Aug 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, cfo-appointment
Related Tickers: IP
TL;DR
IP names new CFO, adds two directors to the board, effective immediately.
AI Summary
International Paper Company (IP) announced on August 12, 2024, several key executive and board changes. Effective August 12, 2024, the company appointed Michael W. Schrock as Senior Vice President and Chief Financial Officer, succeeding Timothy S. tiene. Additionally, the company announced the election of two new directors to its Board of Directors: John M. Nelson and Michael W. Schrock, both effective August 12, 2024. These changes are effective immediately.
Why It Matters
These executive and board changes at International Paper could signal shifts in financial strategy or governance, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: low — The filing reports routine executive and board changes, which are common corporate events and do not inherently indicate significant financial or operational risks.
Key Players & Entities
- International Paper Company (company) — Registrant
- Michael W. Schrock (person) — Appointed Senior Vice President and Chief Financial Officer, and elected to the Board of Directors
- Timothy S. tiene (person) — Departing Chief Financial Officer
- John M. Nelson (person) — Elected to the Board of Directors
- August 12, 2024 (date) — Effective date of appointments and elections
FAQ
Who has been appointed as the new Chief Financial Officer of International Paper?
Michael W. Schrock has been appointed as the new Senior Vice President and Chief Financial Officer, effective August 12, 2024.
Who is the departing Chief Financial Officer?
Timothy S. tiene is the departing Chief Financial Officer.
When were the new directors elected to the Board?
John M. Nelson and Michael W. Schrock were elected to the Board of Directors, effective August 12, 2024.
What is the effective date for these executive and board changes?
All changes, including the appointment of the new CFO and the election of new directors, are effective August 12, 2024.
What is the principal executive office address for International Paper?
The principal executive offices are located at 6400 Poplar Avenue, Memphis, Tennessee 38197.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-08-13 09:33:00
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 per share par value IP New York Sto
Filing Documents
- d862228d8k.htm (8-K) — 24KB
- d862228dex991.htm (EX-99.1) — 3KB
- 0001193125-24-199475.txt ( ) — 144KB
- ip-20240812.xsd (EX-101.SCH) — 3KB
- ip-20240812_lab.xml (EX-101.LAB) — 17KB
- ip-20240812_pre.xml (EX-101.PRE) — 11KB
- d862228d8k_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of International Paper Company issued August 13, 2024. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. International Paper Company Date: August 13, 2024 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary 3