I AM PROUD OF THE OUTSTANDING WORK OUR TEAM MEMBERS AROUND THE WORLD ARE DOING EVERY DAY TO ENABLE US TO REWARD OUR SHAREHOLDERS AND PROVIDE VALUE TO THE STAKEHOLDERS WE SERVE. 

## TO THE SHAREOWNERS AND EMPLOYEES OF INTERNATIONAL PAPER 

Let me begin by saying how honored I am to be International Paper’s new chairman and CEO. During my 30 years with International Paper, I have personally experienced what a great company it is. Our long, rich 117-year history says a lot about who we are, what we stand for and the enduring value of the fiber-based products we make. I am proud of the outstanding work our team members around the world are doing every day to enable us to reward our shareholders and provide value to the stakeholders we serve. 

