#USA #Memphis #International Paper #Tim Nicholls #Lance Loeffler

International Paper Announces New Executive Leadership

In a strategic move aimed at enhancing its operational excellence and market reach, International Paper has officially announced changes within its executive leadership team. The company has appointed Tim Nicholls as the new Executive Vice President and President of DS Smith, which is now a part of International Paper. This news comes as a continued effort to streamline leadership and maximize the company's focus on sustainability in packaging solutions.

Leadership Updates

Tim Nicholls brings over 30 years of extensive industry experience to his new role. His leadership journey with International Paper spans multiple roles, including service as Chief Financial Officer (CFO) from 2007 to 2011 and more recently from 2018. Nicholls has also headed the Packaging division for both North and South America, showcasing a well-rounded understanding of business dynamics and customer needs.

In his reaction to this promotion, Chairman and CEO Andy Silvernail praised Nicholls, stating, "Tim is an exceptional leader with a passion for people and results. 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."

New Addition to the Executive Team

Moreover, the announcement includes the appointment of Lance Loeffler as Senior Vice President and Chief Financial Officer. Loeffler has a robust career in finance and business strategy, having worked at prominent organizations such as UBS Investment Bank, Deutsche Bank Securities, and Halliburton, where he served as CFO for four years. His educational background includes an MBA focused on finance and accounting from the University of Texas at Austin, which equips him well for his new role.

Silvernail expressed enthusiasm about Loeffler joining the team, highlighting his proven track record of effective leadership and operational familiarity within public companies. "Lance 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," Silvernail added.

A New Era for International Paper

International Paper stands as one of the world's leading producers in sustainable packaging solutions, with its headquarters headquartered in Memphis, Tennessee. Following the acquisition of DS Smith in 2025, the company is not only expanding its geographical footprint but also enhancing its product line in the growing markets of North America and EMEA. As of 2024, the company reported net sales of $18.6 billion, signifying robust business health and a strategic approach to growth.

With a team that includes over 65,000 members across more than 30 countries, International Paper continues to serve its clientele by developing innovative solutions that prioritize sustainability. The newly formed leadership team is expected to leverage their respective backgrounds and experiences to navigate the evolving market landscapes while ensuring the company's growth trajectory remains upward.

As the industry shifts towards sustainable practices, International Paper’s commitment to providing innovative packaging solutions sets a precedent for other businesses in the sector. With Nicholls and Loeffler at the helm, the company seems poised to lead by example, demonstrating the positive intersection between responsible production and corporate expansion.

For further updates and information, visit International Paper’s Official Website.