On February 25, 2025, the Board of Directors, upon recommendation from the Management Development and Compensation Committee of International Paper Company, appointed Timothy S. Nicholls, 63, as executive vice president and president ? DS Smith, an International Paper company, leading its business in Europe, Middle East and Africa, effective April 1, 2025. This is a newly created role at the Company.

In his new role, Mr. Nicholls will play a pivotal role in leading integration efforts and drive growth in the attractive EMEA region. Mr. Nicholls will oversee all operations within the EMEA region, ensure seamless integration into the Company?s existing infrastructure, and leverage synergies to enhance operational efficiency and drive strategic initiatives. Mr. Nicholls brings a wealth of experience and knowledge having served as senior vice president and chief financial officer twice, from 2007 to 2011 and since 2018.

Mr. Nicholls previously served as senior vice president - Industrial Packaging of the Americas (2017-2018), senior vice president - Industrial Packaging (2014-2016), senior vice president - Printing and Communications Papers of the Americas (2011-2014), vice president and executive project leader of IP Europe (2007), and vice president and chief financial officer - IP Europe (2005-2006). Mr. Nicholls joined International Paper in 1999 following its acquisition of Union Camp Corporation, where he had worked since 1991. He will continue reporting directly to Andrew K. Silvernail, chief executive officer and chairman of the Board.