International Paper Announces Leadership Moves

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May 21, 2013, 09:25 ET

MEMPHIS, Tenn., May 21, 2013 /PRNewswire/ -- International Paper (NYSE: IP) today announced the retirement of a senior leader and three other leadership moves.

(Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO )

Maximo Pacheco, senior vice president, president IP Europe, Middle East, Africa (EMEA) to retire
Jean-Michel Ribieras elected senior vice president, president, IP EMEA, based in Brussels, Belgium
Glenn Landau named president, IP Latin America, based in Sao Paulo, Brazil
Jay Royalty named vice president, Investor Relations, based in Memphis, Tennessee

Maximo Pacheco, senior vice president, president, IP EMEA, announced his retirement from International Paper and the board of directors of the ILIM Group, a 50:50 joint venture in Russia, effective September 30, 2013.

"Maximo has successfully led many important transformational initiatives during his 20 years of service at International Paper and Carter Holt Harvey," said John Faraci Chairman and Chief Executive Office. "He held key global leadership roles and helped build the strategy and led the transformation and expansion of our businesses in Latin America. His global acumen, passion for the business and commitment to success made an important impact on IP over the years. As a senior member of the IP leadership team, he helped make IP what we are today."

Mr. Pacheco joined IP in 1994 and held executive leadership roles in Carter Holt Harvey, Chile, a former subsidiary of International Paper, as well as IP Latin America. In 2000, he was named President, IP Latin America, and in 2005 he was elected a senior vice president of International Paper. In 2009, Mr. Pacheco moved to Europe to serve in his current role.

Jean-Michel Ribieras was elected senior vice president, president, IP EMEA, by IP's board of directors. Mr. Ribieras will lead the EMEA paper and industrial packaging organizations and serve on the ILIM Group's board of directors. Mr. Ribieras will also become a member of the company's senior leadership team and report to Mr. Faraci.

"Jean-Michel has demonstrated the ability to build strategies, business plans, and teams that deliver results," said Faraci. "He has fully earned this senior leadership position from his more than 20 years of commercial success across Latin America, the United States and Europe. Jean-Michel is a strong, driven leader and I have confidence he will lead the already solid EMEA business to even higher levels of results."

Mr. Ribieras began his career with International Paper in 1993 in sales management with a coated paper specialty mill in France. Mr. Ribieras held several general management roles in Europe before being named vice president of European Papers in 2002. In 2004 he moved to the company's headquarters in Memphis, Tennessee and became vice president of the Pulp business. In 2005 his responsibilities expanded to include Converting Papers. In 2009, Mr. Ribieras was named president, IP Latin America and relocated to Brazil.

In related moves:

Glenn Landau was named president, IP Latin America, and vice president, International Paper, reporting to Tim Nicholls, senior vice president, P&C Papers the America's, effective June 1, 2013. In this role Mr. Landau will have overall financial and strategic responsibility for the company's papers and packaging business in the region and will serve on the Orsa International board of directors. Mr. Landau was appointed vice president, Investor Relations in 2011 and has served in a number of key roles during his 22 years with the company, including managing director, IP Italia, and vice president and general manager of the company's Containerboard & Recycling business.

Jay Royalty was named vice president, Investor Relations, reporting to Carol Roberts, senior vice president and chief financial officer, effective June 1, 2013. In his new role, Mr. Royalty will be responsible for managing the relationship between International Paper, the financial community and IP's shareholders. Mr. Royalty has held a number of key roles during his 22 years with the company. Most recently he served as vice president of national accounts for IP's Container the America's (CTA) business.

In announcing the leadership moves, John Faraci said, "Jean-Michel Ribieras, Glenn Landau and Jay Royalty are strong strategic leaders with tremendous capacity to contribute even more to the future success of International Paper."

About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2012 were $28 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper