International Paper's Board of Directors Elects Christopher E. Kubasik to Its Board

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Jul 10, 2012, 09:25 ET

MEMPHIS, Tenn., July 10, 2012 /PRNewswire/ -- International Paper Company (NYSE: IP) announced the election of Christopher E. Kubasik to its Board of Directors effective July 10, 2012.

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

Mr. Kubasik, age 51, is Vice Chairman, President and Chief Operating Officer of Lockheed Martin Corporation, a publicly traded global security and aerospace company. He will become Lockheed Martin's Chief Executive Officer on January 1, 2013. He previously served as Lockheed Martin's Executive Vice President – Electronic Systems from September 2007 to December 2009, and as Lockheed Martin's Executive Vice President and Chief Financial Officer from February 2001 to August 2007.

"Chris's deep experience as a global business leader and extensive interaction with corporate boards, paired with his experience in business outside North America, lends a valuable perspective to our Board of Directors. We are very pleased to have Chris join the Board of Directors of International Paper," said John Faraci, Chairman and CEO.

Mr. Kubasik received an executive engineering certificate from Carnegie Mellon University in 2008 and completed the Systems Acquisition Management Course for Flag Officers at the Defense Acquisition University in 2004. He holds a bachelor's degree in accounting from the University of Maryland.

With the election of Mr. Kubasik and the previously disclosed election of Ilene S. Gordon (effective October 1, 2012), the size of the Board has been increased to 11 members.

To learn more about other members of International Paper's Board of Directors, visit www.internationalpaper.com under the Company and Corporate Governance tab.

About International Paper

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 approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2011 were $26 billion. Temple-Inland Inc., which was acquired in February 2012, had 2011 net sales of $4 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.