The Board of International Paper Company on February 25, 2025, appointed Lance T. Loeffler, 48, as senior vice president of the Company, effective April 1, 2025. Mr. Loeffler succeeds Mr. Timothy S. Nicholls in this role. He will report directly to Mr. Silvernail.
Mr. Loeffler joins the Company from Halliburton, provider of services and products to the energy industry, where he most recently served as senior vice president, Middle East and North Africa (2022-2024). Prior to this role, Mr. Loeffler held other positions at Halliburton including executive vice president and chief financial officer (2018-2022), vice president, investor relations (2016-2018) and vice president, corporate development (2014-2016). Prior to his employment with Halliburton, Mr. Loeffler was a director at Deutsche Bank Securities (2010-2014).
Mr. Nicholls brings a wealth of experience and knowledge having served as senior vice president and chief financial officer twice, from 2007 to 2011 and since 2018. Mr. Nicholls previously served as senior vice president - Industrial Packaging of the Americas (2017-2018), senior vice president - Industrial Packaging (2014-2016), senior vice president - Printing and Communications Papers of the Americas (2011-2014), vice president and executive project leader of IP Europe (2007), and vice president and chief financial officer - IP Europe (2005-2006). Mr. Nicholls joined International Paper in 1999 following its acquisition of Union Camp Corporation, where he had worked since 1991.
He will continue reporting directly to Andrew K. Silvernail, chief executive officer and chairman of the Board.
