Herbert's Term Ending as CEO of Ilim Group
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 Ilim Group, St Petersburg, Russia, this week reported that Paul Herbert's contract as CEO of the company, which is jointly owned by International Paper, Memphis, Tenn., USA, will end this June 30. Herbert has been serving as CEO of the Ilim Group for six years.
Ilim Group Chairman Zakhar Smushkin expressed gratitude to Herbert for the contribution he has made to the growth and success of Ilim Group. "Paul has managed to build an atmosphere of trust and mutual understanding between Russian shareholders and the shareholders of International Paper. In six years, the company under Paul's leadership reached strategic goals set out at the start of the joint venture, and is completing the largest investment program in the industry of more than $1.5 billion. From the whole Ilim Group, I want to thank Paul and wish him continued success."
IP Chairman and CEO John Faraci said that "Paul will leave a lasting legacy on the people and companies he has worked with throughout his 47-year career in the industry. He spent 21 years with IP with his last six years at IP/Ilim in Russia. His work spans almost every continent—in places like Canada, Chile, Brazil, U.S., Belgium, Germany, Spain, France, China, India, and Russia. The breadth and depth of his global experience is unmatched in the industry. We thank Paul for his many significant contributions and wish him the best in the years ahead."
Franz Joseph Marx has been nominated as the candidate for next CEO of Ilim Group. Franz is currently president of International Paper, Russia. Prior to joining IP, he was partner and managing director at the Boston Consulting Group. Franz began his professional career with BASF and has worked throughout Europe, China, Middle East, and Africa.
"Franz has a diversified international experience. He knows Russia and our industry very well. We hope that he will be able to apply all of his experience gained in the world's leading companies and International Paper, Russia in the new broader role," Smushkin said.
Faraci added that "Franz has achieved solid results and demonstrated his strong leadership since he joined IP in 2008. He led the IP Russia team to a record financial performance last year and delivered six consecutive record quarters. His extensive experience in the region makes him the right fit for this important leadership position at Ilim."
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