In a momentous announcement, International Paper (NYSE: IP) unveiled Andrew Silvernail as its incoming Chief Executive Officer (CEO), signaling a significant transition in leadership. Effective May 1, 2024, Silvernail will succeed the esteemed Mark Sutton, who has played a pivotal role in the company's success.

Andrew Silvernail brings with him a wealth of experience garnered over two decades of leading global companies across various sectors, including manufacturing and technology. His tenure at KKR & Co., Inc., a prominent global investment firm, where he served as an executive advisor, underscores his strategic acumen and leadership prowess.

Prior to joining International Paper, Silvernail held the esteemed position of Chairman and CEO at Madison Industries, one of the world's largest privately held companies. Under his stewardship, Madison Industries flourished, solidifying Silvernail's reputation as a transformative leader. Notably, he also served as Chairman and CEO of IDEX Corporation from 2011 to 2020, where he spearheaded initiatives that propelled the company to new heights, achieving unparalleled growth in both employee engagement and total shareholder return.

Throughout his illustrious career, Silvernail has held executive roles at renowned corporations such as Rexnord Industries, Newell Rubbermaid, and Danaher Corporation, further cementing his status as a seasoned industry veteran.

Chris Connor, Lead Director at International Paper, expressed confidence in Silvernail's ability to steer the company towards continued success, citing his strategic agility and commitment to driving results. Connor lauded Silvernail's track record for creating value, highlighting his alignment with the company's core values and vision.

Outgoing CEO Mark Sutton, who will transition into the role of Chairman of the Board, commended Silvernail's appointment, affirming the thoroughness of the succession process. Sutton's tenure has been marked by exemplary leadership, guiding the company through turbulent times and achieving unprecedented milestones. His legacy of fortifying International Paper's position as a global leader in sustainability and innovation is a testament to his dedication and vision.

In accepting his new role, Silvernail expressed gratitude for the opportunity to lead International Paper, recognizing the company's resilience and unwavering commitment to excellence. He emphasized his enthusiasm for collaborating with the Board and the company's extensive workforce to chart a course for sustainable growth and continued success.

As International Paper embarks on this new chapter under Silvernail's leadership, anticipation is high for the transformative initiatives and strategic endeavors that lie ahead. With a steadfast focus on innovation, sustainability, and corporate responsibility, the company is poised to solidify its position as a beacon of excellence in the global market.