International Paper (NYSE: IP) has announced the appointment of Tom Hamic as the new Executive Vice President and President of North American Packaging Solutions. In his new role, Hamic will oversee the company's Container and Containerboard businesses in North America, reporting directly to CEO Andy K. Silvernail.
Hamic brings substantial experience to the position, having joined International Paper in 1991 and holding various key positions in sales, marketing, finance, strategic planning, and leadership in both the United States and Europe. Notably, he was named a company officer in 2009 and elected senior vice president in 2019. Most recently, Hamic served as the senior vice president and general manager, North American Container, and Chief Commercial Officer.
International Paper, a global producer of sustainable packaging, pulp, and other fiber-based products, reaffirmed its commitment to delivering excellence for its customers and driving profitable growth for its shareholders with the appointment of Hamic. The company, which employs approximately 39,000 colleagues globally, reported net sales of $18.9 billion in 2023.
The new leadership appointment reflects International Paper's strategic approach to optimizing its operations and enhancing its market position in the packaging industry. Today the company's shares have moved -0.5% to a price of $48.66. For the full picture, make sure to review International Paper's 8-K report.
