International Paper appoints Jamie Beggs and Scott Tozier to its Board as Independent Directors

– USA, TN –  International Paper (NYSE: IP) today announced the elections of Jamie Beggs and Scott Tozier to its Board as Independent Directors, effective May 21, 2024, bringing the Board to 11 members, of whom nine are independent.

“Jamie and Scott are seasoned, global executives who bring extensive financial expertise and business insight to IP’s Board of Directors. Jamie’s deep finance, IR, and audit experience in asset-intensive industries growing into new geographies, combined with Scott’s track record of guiding businesses through strategic transformations, including significant M&A, will be invaluable as we embark on our next phase of growth,” said Board Chairman, Mark Sutton.

Ms. Beggs and Mr. Tozier will also join the Audit and Finance Committee and the Public Policy and Environment Committee.

The company announced the retirement of Ilene Gordon from the Board, effective May 21, 2024.

About Jamie A. Beggs

Jamie Beggs serves as SVP and CFO of Avient Corporation (NYSE: AVNT), a premier provider of specialized and sustainable materials solutions and services. In her current role, she is responsible for all areas of finance and investor relations, as well as, at times, information technology and corporate communications. She is also helping lead the organization through a strategy focused on long-term sales growth leveraging innovative and sustainable solutions, growth into new end markets and geographies, and expansion of EBITDA margins. Previously, Ms. Beggs served as SVP and CFO at Hunt Consolidated and before that, spent a decade in various roles at Celanese Corporation. Ms. Beggs earned her Bachelor of Business Administration and her Master of Professional Accounting from The University of Texas at Austin in 1999. She is also a certified public accountant.

Mr. Tozier, age 58, currently serves as a strategic advisor at Albemarle Corporation, (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health. From 2011 – to 2023, he served as EVP and CFO of Albemarle Corporation, where he led a team of over 500 employees around the world responsible for all aspects of financial management, M&A, sustainability, and at times, information technology, corporate procurement, and logistics and shared services. Under his leadership, Albemarle’s revenues grew from $2.9 billion in 2011 to $7.3 billion in 2022 and the market cap grew from $5B in 2011, peaked at $38B in 2022, and is currently at ~$14B. Mr. Tozier was also part of the leadership team that laid the strategy for M&A activities as well as divesting of businesses that did not fit the company’s growth profile. Previously, he spent 16 years with Honeywell, where he held senior financial positions in the U.S., Australia, and Europe.

About Scott Tozier

Scott Tozier earned a Bachelor of Business Administration in Accounting and Information Systems from the University of Wisconsin-Madison in 1988 and his Master of Business Administration from the University of Michigan in 1994. He is also a certified public accountant.

About International Paper

International Paper is a global producer of sustainable packaging, pulp, and other fiber-based products, and one of the world’s largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what’s next. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa, and Europe. Net sales for 2023 were $18.9 billion.

SOURCE: internationalpaper.com.

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