IP reports $1B loss
Despite the loss, CEO Andy Silvernail said International Paper is better off than it was a year ago. (Patrick Lantrip/The Daily Memphian file)
Mill closings and the implementation of the company’s multiyear 80/20 strategic plan also contributed to the losses, CEO Andy Silvernail said during an earnings call.
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International Paper Business memphis businessSophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She has been with The Daily Memphian since July 2023, first starting as a business reporter covering various beats. Now, she covers food, restaurants, and hospitality and tourism.
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