International Paper Announces Changes to Its Board of Directors
- Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of
(NYSE: AVNT), a premier provider of specialized and sustainable materials solutions and services. In her current role, she is responsible for all areas of finance and investor relations, as well as, at times, information technology and corporate communications. She is also helping lead the organization through a strategy focused on long-term sales growth leveraging innovative and sustainable solutions, growth into new end markets and geographies, and expansion of EBITDA margins. Previously,Avient Corporation Ms. Beggs served as Senior Vice President and Chief Financial Officer at Hunt Consolidated and prior to that, spent a decade in various roles at Celanese Corporation.Ms. Beggs earned her Bachelor of Business Administration and her Master of Professional Accounting from TheUniversity of Texas at Austin in 1999. She is also a certified public accountant. - Mr. Tozier, age 58, currently serves as a strategic advisor at
, (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health. From 2011 – 2023, he served as the Executive Vice President and Chief Financial Officer ofAlbemarle Corporation Albemarle Corporation , where he led a team of over 500 employees around the world responsible for all aspects of financial management, M&A, sustainability, and at times, information technology, corporate procurement, and logistics and shared services. Under his leadership,Albemarle 's revenues grew from$2.9 billion in 2011 to$7.3 billion in 2022 and market cap grew from$5B in 2011, peaked at$38B in 2022, and is currently at~$14B .Mr. Tozier was also part of the leadership team that laid the strategy for M&A activities as well as divesting of businesses that did not fit the company's growth profile. Previously, he spent 16 years with Honeywell, where he held senior financial positions in theU.S. ,Australia , andEurope .Mr. Tozier earned a Bachelor of Business Administration in Accounting and Information Systems from theUniversity of Wisconsin-Madison in 1988 and his Master of Business Administration from theUniversity of Michigan in 1994. He is also a certified public accountant.
Sutton continued, "I am very appreciative to Ilene for her many contributions to the IP Board over the past 12 years. We are grateful for her insight and guidance throughout her tenure, for her nearly five years as the Board's lead independent Presiding Director, as well as her leadership as chair of the Governance Committee."
With these changes, the IP Board will consist of 11 directors, nine of whom are classified as independent directors. At its
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