International Paper Reports CEO Succession Plan; Evaluates Internal And External Candidates For Mark Sutton's Successor
Portfolio Pulse from Benzinga Newsdesk
International Paper (IP) is planning for CEO succession as Mark Sutton is set to step down. The company is considering both internal and external candidates for the role. Sutton will continue as chairman and CEO until a successor is appointed.
September 06, 2023 | 9:35 pm
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International Paper is planning for CEO succession, which could lead to changes in the company's strategic direction. The uncertainty may impact the stock in the short term.
CEO changes often lead to shifts in company strategy, which can create uncertainty among investors. This uncertainty can lead to short-term volatility in the company's stock price. However, it's too early to predict the direction of the impact as it will depend on the chosen successor and their strategic plans.
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