---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-070875"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T14:09:30.354331+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# International Paper appoints Andrew Silvernail as CEO, effective May 1; Sutton remains Chairman

## Summary
- Andrew Silvernail, 53, joins from KKR & Co.; previously CEO of IDEX (2011-2020) where total shareholder return grew >500%.
- Base salary of $1M, target bonus 150% of base, inducement PSU grant of $8.5M, and LTIP PSU grant of $12.5M.
- Mark Sutton steps down as CEO after 10 years but stays as Chairman to ensure smooth transition.
- Net sales for 2023 were $18.9 billion; company employs ~39,000 globally.

## SEC filing metadata
- accession: 0001193125-24-070875
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312524070875/0001193125-24-070875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312524070875/d807996d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-070875
- JSON: https://secwatch.observer/filing/0001193125-24-070875.json
- Plain text: https://secwatch.observer/filing/0001193125-24-070875.txt

## Key facts
- Executive change
  Andrew K. Silvernail was appointed as chief executive officer at INTERNATIONAL PAPER CO /NEW/.
  - Action: appointed
  - Role: chief executive officer
  source text: On March 13, 2024, the Board of Directors of International Paper Company (the “Company”) appointed Andrew K. Silvernail, 53, to the position of chief executive officer, effective May 1, 2024 or such other dates as the parties may mutually agree (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000119312524070875/0001193125-24-070875-index.htm
- Executive change
  Mark S. Sutton changed role as Chairman of the Board at INTERNATIONAL PAPER CO /NEW/.
  - Role: Chairman of the Board
  source text: He will succeed Mark S. Sutton, who will continue as Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000119312524070875/0001193125-24-070875-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.