MEMPHIS, Tenn. – International Paper (NYSE: ), whose shares rose nearly 68% last year according to InvestingPro data, announced the appointment of Joy Roman to the position of senior vice president, chief people and strategy officer, effective February 1. Roman will report directly to President and CEO Andy Silvernail, taking responsibility for talent development, organizational effectiveness and corporate strategy. Her role is part of the company’s initiative to strengthen the synergy between the workforce and strategic direction, with the aim of improving the culture of performance.
Roman’s experience includes serving as Chief People and Strategy Officer at Berry Global since April 2024 and significant experience in HR and strategy. Her career began at McKinsey & Company, followed by a decade at 3M in various strategic and human resources roles, leading to the position of Chief Human Resources Officer at Toll Brothers (NYSE:) and De Beers Group. Roman holds an MBA from the Yale School of Management and a BA from the University of Wisconsin.
Silvernail’s CEO expressed confidence in Roman’s abilities, noting her track record and passion for leveraging human resources to drive growth and shareholder value. In his new role at International Paper, Roman will also oversee the company’s sustainability and communications functions.
International Paper is the world’s leading producer of sustainable packaging, pulp and other fiber-based products and is recognized as one of the world’s largest recyclers. The company, which is headquartered in Memphis, employs approximately 39,000 people worldwide and operates manufacturing facilities throughout North America, Europe, Latin America and Africa. With a market capitalization of USD 20.25 billion and an outstanding record of paying dividends for 54 consecutive years according to InvestingProInternational Paper demonstrates strong financial stability. In 2023, International Paper reported net sales of $18.9 billion. InvestingPro analysis suggests the stock is currently trading slightly above its fair value, with 8 additional exclusive insights available to subscribers.
This leadership change is based on a press release from International Paper.
In other recent news, International Paper is making significant moves to acquire British rival DS Smith, a deal worth $7.12 billion. The acquisition received European Union approval, after International Paper agreed to sell certain assets to ease competition concerns. The acquisition should increase International Paper’s presence on the European market.
Furthermore, Jefferies predicted an increase in linerboard prices, which could significantly benefit International Paper. The company expects January’s linerboard price increase of $60-70 per ton to take hold, potentially resulting in a 6-17% increase in EBITDA for International Paper.
In addition, International Paper announced changes to its executive compensation structure, moving to performance stock units as the sole performance metric. The company has also issued a second supplemental prospectus relating to its UK listing, part of the ongoing acquisition of DS Smith.
These are recent developments that highlight the company’s strategic moves to strengthen its market position and financial outlook.
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