New Delhi, India - February 22, 2017 - International Paper Co (IP) announced today that Mr. Rampraveen Swaminathan, President - International Paper India and Chairman & Managing Director of International Paper APPM Limited has decided to leave the Company to pursue his professional interests outside International Paper.
The Board of Directors of IP India and IP-APPM, at their meeting held on February 22nd, 2017 have accepted his resignation. Mr. Swaminathan will continue to discharge his current responsibilities and support a smooth transition until end of April 2017.
The company placed on record its appreciation for his leadership and contribution in developing business in India, turnaround of International Paper APPM and in creating a strong organization as per IP values.
International Paper also announced the appointment of Mr. Don Devlin as President-International Paper India and as Chairman and Managing Director for IPAPPM succeeding Mr. Rampraveen Swaminathan at the end of April 2017. Don has nearly 20 years of experience in International Paper, in various leadership roles. Don joined International Paper in 1998 and has served in a number of finance, strategic planning and project management roles in the United States and Europe. He will be based in Hyderabad, India.
About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia. We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries. Net sales for 2016 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.
About International Paper APPM Limited
International Paper APPM Limited (IPAPPM), a group company of International Paper in India, is a leading manufacturer of pulp and paper products and caters to both domestic and foreign markets with sales of INR 1166.27 crores for the year ended March 31, 2016. IPAPPM produces writing, printing and copier papers at its two manufacturing units in Andhra Pradesh, which have a total paper production capacity of 240,000 metric tons per year. The company is becoming a driving force in sustainability in the paper manufacturing arena in the world economy with focus on social and community programs including its own pioneering work in raw material generation through social farm forestry and a very strong strategic growth focus. International Paper owns a majority shareholding interest in IPAPPM and the remaining shares are publicly traded on the Bombay Stock Exchange and National Stock Exchange in India. For more information on IPAPPM, please visit please visit www.ipappm.com.