Andrew Silvernail Named CEO of International Paper, Shares Surge

The appointment of Andrew Silvernail as CEO propels International Paper's stock to its highest level in over a year.

Andrew Silvernail will take over as CEO of International Paper on May 1, succeeding Mark Sutton, who remains chairman.
Silvernail brings extensive experience from roles at KKR, Madison Industries, and IDEX Corporation.
The announcement led to a 10% increase in International Paper's stock price, making it the top gainer on the S&P 500.
Mark Sutton, who has led the company since 2014, praised the comprehensive succession process.
Silvernail's leadership is expected to build on the company's growth trajectory, leveraging its strong sustainability platform and core values.