International Paper appoints two new directors. The packaging company is restructuring, and two board members plan to step down at the end of 2026.
International Paper (IP) appointed Katherine Collins and Lori J. Ryerkerk to its board, effective Oct. 1, 2026.
Collins spent more than 30 years in asset management and sustainable investing. She was most recently Putnam Investments' first head of sustainable investing, building a business that managed over $10 billion in assets. Earlier posts included senior roles at Fidelity, and she founded Honeybee Capital.
Ryerkerk brings more than 40 years in energy, chemicals and specialty materials. She served as chairman, president and CEO of Celanese, leading the $11 billion purchase of DuPont's Mobility & Materials business. Her earlier roles included senior manufacturing and operations positions at Shell and ExxonMobil. She also sits on the boards of Norfolk Southern and Eaton.
CEO Andy Silvernail said the two new directors bring "exceptional leadership experience" and will help guide the company through its transformation.
The board changes come as International Paper restructures. The company has closed its Carrollton South packaging plant in Texas and is cutting costs.
Two current directors plan to step down at the end of 2026: Kathryn Sullivan, who joined in 2017, and Ahmet Dorduncu, a director since 2011.
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