International Paper Enhances Board Governance with Appointment of Two Independent Directors

Updates to International Paper's Board Composition

International Paper Company has expanded its Board of Directors by appointing Katherine Collins and Lori J. Ryerkerk as new non-employee independent directors, effective 1 October 2026. These appointments were formally ratified by the Board on 14 July 2026, following a recommendation from the Governance Committee. This move marks a significant enhancement in the company's governance framework, reinforcing its commitment to robust oversight and strategic decision-making.

The scheduled effective date allows for a smooth transition and integration of the new directors into the board. The company has ensured transparency by filing a Current Report on Form 8-K with the U.S. Securities and Exchange Commission, providing detailed disclosure of these appointments to shareholders and the market. This filing underscores International Paper's adherence to corporate governance best practices and regulatory compliance in both the U.S. and U.K.

International Paper's Leadership in Global Corrugated Packaging

As a leading provider of sustainable packaging solutions, International Paper specializes in corrugated packaging, serving customers across multiple sectors. The company supports product protection, supply chain resilience, and value creation for stakeholders. Listed on the New York Stock Exchange (NYSE:IP) and the London Stock Exchange (LSE:IPC), International Paper operates under rigorous governance and disclosure standards to serve a diverse international investor base.

International Paper's business model focuses on innovating corrugated packaging that meets evolving customer demands and sustainability goals. By maintaining a diverse and skilled board, the company ensures its strategic direction and governance practices are well-equipped to navigate a dynamic market. The addition of Collins and Ryerkerk brings fresh perspectives and independent judgment to the board's deliberations.

Governance Committee's Role in Director Selection

The appointments of Katherine Collins and Lori J. Ryerkerk followed a formal recommendation by International Paper's Governance Committee, responsible for identifying and assessing potential board candidates. This committee-led process ensures director selections align with established criteria and serve the best interests of the company and shareholders. The Board's approval on 14 July 2026 reflects adherence to structured governance procedures.

The Governance Committee’s involvement exemplifies best practices in corporate governance, with an independent board committee overseeing board composition, director qualifications, and effectiveness. This approach maintains high standards in board recruitment and development. Publicizing the committee's recommendation and Board approval enhances transparency and assures shareholders of a diligent appointment process.

Effective Date and Onboarding of New Directors

Katherine Collins and Lori J. Ryerkerk will commence their roles as non-employee independent directors on 1 October 2026, allowing approximately three months for onboarding. This period enables comprehensive briefings on company operations, strategic initiatives, and board procedures, facilitating a seamless integration. Such a staggered onboarding process is standard in corporate governance to ensure continuity.

Designated as non-employee independent directors, both will serve without executive responsibilities, preserving their independence and objectivity. This classification complies with regulatory requirements and corporate governance codes applicable to International Paper in the U.S. and U.K., enhancing the board’s oversight capabilities and decision-making impartiality.

International Paper’s Operations and Market Positioning

Headquartered in Memphis, Tennessee, International Paper is a global leader in the packaging industry, specializing in sustainable solutions that help customers protect products and optimize supply chains. The company’s sustainability focus aligns with growing demand for environmentally responsible packaging, strengthening its position within the packaging and materials sector.

Serving a broad customer base across industries and regions, International Paper ensures strategic decisions on product development, market growth, and capital allocation are made under strong board oversight. The addition of Collins and Ryerkerk enhances the board’s expertise and diversity, supporting the company’s ability to address industry challenges and seize opportunities in corrugated packaging.

Regulatory Filings and Securities Exchange Disclosures

International Paper has filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission to disclose the appointment of the two new directors. This regulatory filing notifies shareholders and the market of material corporate changes, ensuring timely and consistent information is available to investors trading on both the NYSE and LSE. This disclosure reaffirms the company’s commitment to transparency and compliance across its listing venues.

The filing details the Board’s decision on 14 July 2026 and the effective appointment date of 1 October 2026. Investors seeking further information on Katherine Collins and Lori J. Ryerkerk’s backgrounds and qualifications can access detailed disclosures on the SEC’s website or International Paper’s investor relations portal. This availability supports informed investment decisions and reflects the company’s governance transparency.

Enhancing Board Independence and Oversight

The inclusion of two non-employee independent directors bolsters International Paper’s Board independence and oversight capacity. An independent board is essential for sound governance, ensuring management actions are objectively reviewed and free from conflicts of interest. Collins and Ryerkerk’s appointments expand the pool of independent directors eligible to serve on key committees such as Audit, Compensation, and Governance.

As the packaging industry faces evolving customer demands, sustainability pressures, and competitive dynamics, the board’s role in guiding strategic direction and risk management is critical. Bringing in independent directors with diverse expertise strengthens governance and stakeholder confidence. The phased board expansion maintains institutional knowledge while introducing new perspectives to drive strategic success.

Investor Relations and Shareholder Communication

International Paper provides dedicated investor relations contacts to facilitate shareholder and market participant inquiries regarding company developments and governance. Contacts include Mandi Gilliland and Michele Vargas, reachable via specified phone numbers, and a media relations team accessible through the company’s newsroom email. These channels ensure stakeholders have ready access to information and can seek clarifications on governance and operations.

Accessible investor relations support underscores International Paper’s commitment to ongoing dialogue with shareholders and the investment community. Official announcements about board appointments and other material events are distributed through formal channels to guarantee consistent and timely dissemination. Additional details on the new directors are available on the company’s website and through SEC filings.

Industry Context and Board Expertise

The corrugated packaging sector is undergoing significant changes driven by sustainability demands, digital innovation, supply chain challenges, and shifting customer preferences. International Paper’s board requires directors with expertise in packaging technology, sustainability, finance, compliance, and strategic planning. The appointments of Collins and Ryerkerk align with the company’s goal to equip its board with the knowledge needed to navigate this transformative period.

Sustainability is a central focus for packaging firms and their clients, with increasing regulatory emphasis on environmental impact and circular economy principles. A well-rounded board with directors experienced in sustainability, supply chain management, and operational efficiency is better positioned to guide the company’s strategic initiatives. These new independent directors reinforce International Paper’s commitment to evolving its board in line with industry and stakeholder expectations.