International Paper appoints David Robbie to board; adopts executive severance plan
On February 11, 2025, International Paper's board appointed David A. Robbie as an independent director, effective immediately, and approved an Executive Severance Plan covering named executive officers. The board now has 11 members, 10 of them independent, and Robbie joins the Audit and Finance and Public Policy and Environment committees. The severance plan sets payment multiples for executives, so shareholders may want to note its potential cost if executives are terminated.
Key points
- David A. Robbie appointed independent director effective February 11, 2025; he will stand for re-election at the May 2025 shareowners meeting
- Robbie previously served on the DS Smith board since 2019; International Paper acquired DS Smith on January 31, 2025
- Severance Plan sets a 2x Total Cash Compensation multiple for CEO Andrew K. Silvernail and 1.5x for other named executive officers
- Silvernail's outplacement cap is $75,000; other named executive officers' cap is $40,000
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.