International Paper's Board of Directors Elects Joan E. Spero to Its Board

MEMPHIS, Tenn., June 10, 2011 /PRNewswire/ -- International Paper Company (NYSE: IP) announced the election of Joan E. Spero, Ph.D., to its board of directors effective today.

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"Joan's experience as a business and foundation executive, a corporate board member and in government service lends a unique perspective to our board of directors," said John Faraci, Chairman and CEO. "We are very pleased to welcome her today."

Ms. Spero served in the U.S. Department of State as Undersecretary for Economic, Business and Agricultural Affairs and as Ambassador to the United Nations for Economic and Social Affairs. She has held leadership positions in Corporate Strategy and Corporate Affairs over a span of 12 years at American Express, and from 1997 to 2008, she served as President of the Doris Duke Charitable Foundation. Ms. Spero is currently a Senior Research Scholar at Columbia University's School of International and Public Affairs.

Previously, Ms. Spero served on the board of directors of ING Groep N.V., Delta Air Lines Inc., and First Data Corporation. She is a member of IBM's board of directors, a Trustee of both the Council on Foreign Relations and the Wisconsin Alumni Research Foundation, and a Trustee Emeritus of Columbia University and Amherst College. Ms. Spero earned a masters degree and a doctorate from Columbia University.

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, Tennessee the company employs about 59,500 people in more than 24 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 Company

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