International Paper announces the departure of two board members

SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Officers; Compensatory Arrangements of

Certain Officers

On February 13, 2024, Donald G. “D.G.” Macpherson resigned, effective immediately, as a member of the Board of Directors (the “Board”) of

International Paper Company (the “Company”). Mr. Macpherson’s resignation is not due to a disagreement with the Company on any matter relating to

its operations, policies or practices. The Board expresses its appreciation to Mr. Macpherson for his years of service and contributions to the Company.

SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Officers; Compensatory Arrangements of

Certain Officers

On February 12, 2024, Raymond G. Young, a member of the Board of Directors (the “Board”) of International Paper Company (the “Company”),

informed the Company of his intention not to stand for re-election at the Company’s May 2024 annual meeting of stockholders. Mr. Young’s decision is

not due to any disagreement with the Company on any matter relating to its operations, policies or practices. The Board thanks Mr. Young for his service

and contributions to the Company during his tenure.

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