International Paper planning succession of CEO Mark Sutton
IP announced Wednesday, Sept. 6, a request from its chairman and CEO Mark Sutton to the company’s board of directors to begin looking for his successor.
Topic: Sylvamo
RSSThere are 8 article(s) tagged Sylvamo:
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September 2023
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November 2022
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Memphis-based Sylvamo reports strong quarter
Sylvamo’s strong quarter is in contrast to other Memphis-based companies, particularly FedEx and International Paper, both of which reported lower-than-expected earnings in their most recent quarters.
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September 2022
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Sylvamo buys Swedish mill in $150 million transaction
A spinoff of International Paper, Sylvamo became a standalone, publicly traded company last fall.
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April 2022
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Sylvamo takes action to avoid takeover
The Memphis-based company’s board of directors unanimously adopted a limited-duration shareholder rights plan, known as a “poison pill.”
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March 2022
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International Paper on short list of corporations still operating in Russia
More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.
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As world uses ‘power of the marketplace’ against Russia, local companies could be impacted as well
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
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Sylvamo to suspend operations in Russia
Russian operations accounted for roughly 15% of Sylvamo’s total revenue in 2021.
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April 2021
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New firm could put global headquarters in Memphis
Sylvamo Corporation, a new spin-off of International Paper, is considering where to put its global headquarters that will create 300 jobs paying $179,000 on average in salaries and bonuses, or $217,133 a year including benefits.
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