International Paper ("IP") announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024.
Ms. Beggs, currently serves as Senior Vice President and CFO of Avient Corporation, 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.
Mr. Tozier, currently serves as a strategic advisor at Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity, and health. From 2011 – 2023, he served as the Executive Vice President 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 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.
Ms. Beggs and Mr. Tozier will each be appointed to the Audit and Finance Committee and the Public Policy and Environment Committee effective May 21, 2024.
With these changes, the IP Board will consist of 11 directors, nine of whom are classified as independent directors. At its May 14, 2024, regular meeting, the Board appointed Clinton A. Lewis, Jr., as chair of the Governance Committee.
International Paper is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers.
