IP Announces Leadership Moves
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International Paper, Memphis, Tenn., USA, this week announced the retirement of a senior leader and three other leadership moves. Maximo Pacheco, SVP, president IP Europe, Middle East, Africa (EMEA), will retire from IP and the board of directors of the Ilim Group, a 50:50 joint venture in Russia, effective September 30. Jean-Michel Ribieras was elected SVP, president, IP EMEA, based in Brussels, Belgium. Glenn Landau was named president, IP Latin America, based in Sao Paulo, Brazil. Jay Royalty was named VP, Investor Relations, based in Memphis.
"Maximo has successfully led many important transformational initiatives during his 20 years of service at International Paper and Carter Holt Harvey," said John Faraci, chairman and CEO. "He held key global leadership roles and helped build the strategy and led the transformation and expansion of our businesses in Latin America. His global acumen, passion for the business, and commitment to success made an important impact on IP over the years. As a senior member of the IP leadership team, he helped make IP what we are today."
Pacheco joined IP in 1994 and held executive leadership roles in Carter Holt Harvey, Chile, a former subsidiary of IP, as well as IP Latin America. In 2000, he was named president, IP Latin America, and in 2005 he was elected a SVP of IP. In 2009, Pacheco moved to Europe to serve in his current role.
Ribieras will lead the EMEA paper and industrial packaging organizations and serve on the Ilim Group's board of directors. He will also become a member of the company's senior leadership team and report to Faraci. Ribieras began his career with IP in 1993 in sales management with a coated paper specialty mill in France. He held several general management roles in Europe before being named VP of European Papers in 2002. In 2004 he moved to the company's headquarters in Memphis and became VP of the Pulp business. In 2005 his responsibilities expanded to include Converting Papers. In 2009, Ribieras was named president, IP Latin America, and relocated to Brazil.
In related moves, Glenn Landau was named president, IP Latin America, and VP, IP, reporting to Tim Nicholls, SVP, P&C Papers the America's, effective June 1. In this role Landau will have overall financial and strategic responsibility for the company's papers and packaging business in the region and will serve on the Orsa International board of directors. Landau was appointed VP, Investor Relations in 2011 and has served in a number of key roles during his 22 years with the company, including managing director, IP Italia, and VP and GM of the company's Containerboard and Recycling business.
Jay Royalty was named VP, Investor Relations, reporting to Carol Roberts, SVP and CFO, effective June 1. In his new role, Royalty will be responsible for managing the relationship between IP, the financial community, and IP's shareholders. He has held a number of key roles during his 22 years with the company. Most recently, he served as VP of national accounts for IP's Container the America's (CTA) business.
In announcing the leadership moves, John Faraci said that "Jean-Michel Ribieras, Glenn Landau, and Jay Royalty are strong strategic leaders with tremendous capacity to contribute even more to the future success of International Paper."
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