Jay Royalty is set to take up a new position as vice president of investor relations at Memphis-based International Paper, as his predecessor moves into an international role at the company.
Royalty, a veteran of the firm, comes with 22 years’ experience at International Paper, one of the largest paper, packaging and pulping firms in the world, with approximately 70,000 employees and operations spanning North America, Europe, Latin America, Asia and North Africa.
Having held ‘a number of key roles’ during his time at International Paper, Royalty most recently served as vice president of national accounts for the company’s Container The Americas business.
When he moves across to the investor relations department on June 1, Royalty will report to Carol Roberts, senior vice president and chief financial officer. He will replace Glenn Landau, who, after 22 years at the company ‒ the last two of which were in IR ‒ has been named president of International Paper in Latin America, and vice president of International Paper.
Rounding off a trio of leadership moves, the S&P 500 firm has also revealed that after 20 years with International Paper, Maximo Pacheco, senior vice president and president of International Paper EMEA, will be retiring from both the company and the board on September 30, 2013.
Jean-Michel Ribieras has been elected senior vice president and president of International Paper EMEA by the company’s board of directors.
‘Jean-Michel Ribieras, Glenn Landau and Jay Royalty are strong strategic leaders with tremendous capacity to contribute even more to the future success of International Paper,’ says John Faraci, chairman and CEO, in a press statement.
