International Paper makes leadership changes

Last week, International Paper (IP) announced changes to its executive leadership team that will take effect next month.

Photo courtesy of
International Paper

The Memphis, Tennessee-based paper and packaging company, which recently completed the acquisition of London-based packaging company DS Smith, has named Tim Nicholls as executive vice president of IP and president of DS Smith effective April 1. He will report to IP CEO Andy Silvernail.

Nicholls has more than 30 years of industry experience, including a variety of business and finance leadership roles. He has served as IP chief financial officer (CFO) since 2018 and also held that role from 2007-2011.

From 2014-2018, Nicholls led IP’s packaging business in North and South America after having been based in Europe as the vice president and CEO for IP Europe.

He also led the IP side of the integration planning for the merger with DS Smith and has served as the interim leader of the combined business in the Europe, Middle East and Africa (EMEA) since the transaction closed in February.

"Tim is an exceptional leader with a passion for people and results,” Silvernail says. “I look forward to working with him in this new leadership role where he can continue to build a strong team that will drive excellence.”

RELATED: International Paper announces facility closures

Photo courtesy of
International Paper

Additionally, Lance Loeffler will join IP as senior vice president and CFO, reporting to Silvernail.

Loeffler has worked in finance, strategy and business leadership roles for more than 25 years, including at UBS Investment Bank, Deutsche Bank Securities and Haliburton. At Halliburton, he was CFO for four years and most recently was senior vice president of the Middle East and North Africa region.

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"We are thrilled to have Lance join the IP team," Silvernail says.

"Lance is an effective and experienced CFO and public company leader with a proven track record of performance. He will be an incredible asset in supporting International Paper's transformational journey as a leading producer of sustainable packaging solutions in North America and EMEA."