International Paper Company announced that its board of directors elected Andy Silvernail as Chairman of the Board of Directors in addition to his role as Chief Executive Officer (CEO), effective October 1, 2024. Mark Sutton, who continued to serve in the role of Chairman of the Board since stepping aside as CEO in May, will retire from the Board on September 30, 2024. Silvernail joined International Paper as CEO in May 2024.
He has two decades of experience leading global companies in the manufacturing and technology sectors. He previously worked at KKR & Co. Inc., a global investment firm, where he served as an executive advisor. Silvernail held the role of Chairman and CEO of Madison Industries, one of the world?s largest privately held companies.
Prior to that, Silvernail served as Chairman and CEO of IDEX Corporation from 2011 to 2020. Employee engagement reached best-in-class performance and total shareholder return grew by more than 500% during his tenure at IDEX. Silvernail previously held executive positions at Rexnord Industries, Newell Rubbermaid and Danaher Corporation. He currently serves on the Board of Directors of Stryker Corporation.
