International Paper's Board of Directors Elects Ahmet C. Dorduncu to Its Board

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Feb 11, 2011, 05:29 ET

MEMPHIS, Tenn., Feb. 11, 2011 /PRNewswire/ -- International Paper Company (NYSE: IP) announced the election of Ahmet C. Dorduncu to its Board of Directors effective March 6, 2011. From 2005 until his retirement in 2010, Mr. Dorduncu served as Chief Executive Officer of Sabanci Holding. He also served from 2006 to 2010 as Chairman of the Board of an industrial packaging business joint venture between Sabanci Holding and International Paper. Sabanci Holding is the parent company of the Sabanci Group, a Turkish financial and industrial company.

"Ahmet brings a knowledge of our business, as well as broad international business experience to our board and we are extremely pleased to have him," said John Faraci, Chairman and CEO. At its meeting in May 2011, the Board of Directors will assign Mr. Dorduncu to one or more committees of the Board. To learn more about other members of International Paper's Board of Directors, visit www.internationalpaper.com under the Company and Corporate Governance tab.

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs about 59,500 people in more than 20 countries and serves customers worldwide. 2010 net sales were more than $25 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper