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## OUR TRANSFORMATION OVER THE PAST DECADE HAS POSITIONED US WELL TO COMPETE SUCCESSFULLY IN GLOBAL PACKAGING, PAPER AND PULP MARKETS. 

## A LEGACY OF LEADERSHIP 

## JOHN FARACI, FORMER CHAIRMAN AND CEO 

Following 40 years of dedicated service at International Paper, John V. Faraci retired earlier this year. John’s career spanned a wide range of business positions, as well as management and executive roles, in geographies around the globe. He served as our company’s president, executive vice president and chief financial officer, and then in 2003 was elected chairman and chief executive officer. John served as the leader of International Paper through 2014. 

During the past decade, John was instrumental in making International Paper a stronger, better, more competitive company—and also one with a strong culture of integrity, leadership, results and developing talent. He and his senior leadership team successfully transformed the company by exiting all non-strategic businesses and focusing on packaging and paper on a global scale. 

Highlights of John’s leadership: 

• IP sold more than $11 billion in assets—six million acres of forest land, its Canadian lumber business, 13 lumber mills, five wood products plants, European distribution, coated paper division, industrial papers, fine papers, kraft paper, our chemicals division and bev- erage packaging. 

• International Paper reinvested the proceeds from those asset sales by acquiring Weyerhaeuser’s industrial pack- aging business and Temple Inland, which strengthen IP’s existing operations and created a premier industrial packaging business. These moves now generate strong sustainable free cash flow and above the cost- of-capital returns. Outside the U.S., IP invested in the Ilim joint venture in Russia, the Sun Paper joint venture in China, and in paper and packaging businesses in Brazil, India and Turkey. 

• International Paper became a world leader in container- board production and a major player in market pulp and coated paperboard. Total shareholder return was up approximately 150 percent over the past five years. 

• International Paper was named by Fortune ®  Magazine as one of the America’s Most Admired Companies ® , making the list 12 times in 13 years, and this year was named among the Ethisphere Institute’s World’s Most Ethical Companies ®  for the ninth year in a row. IP also received awards in Europe, the Middle East, Africa, Brazil and India. Personally, John was named RISI’s CEO of the Year in 2014, and was recognized as one of the best CEOs by Institutional Investor  magazine. 

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