Major Announcements

International Paper, a leader in sustainable packaging solutions, announced Jan. 29 its plan to create two independent, publicly traded companies: International Paper will be comprised of its current business in North America including both legacy IP and DS Smith assets, and the EMEA Packaging business will be comprised of both legacy DS Smith and IP assets in EMEA. The separation will create two leading sustainable packaging solutions companies, each with focused management teams and business models, tailored investment and capital allocation strategies, and compelling financial profiles.

Since becoming Chief Operating Officer (COO) in 2020, Fuller has been responsible for the Company's global consumer and industrial operations as well as its diversified businesses and Information Technology.

The Canadian Forest Sector Transformation Task Force has held its first meeting to begin work on restructuring and modernizing Canada's forest industry. The initiative aims to enhance competitiveness, sustainability, and product diversification.

Domtar will shut down its Ignace, Ontario, sawmill indefinitely on March 12, cutting about 25 jobs as it reduces lumber production by 150 million board feet in early 2026 across Canada and the U.S.

Corner Brook mill has been shut down for nearly two and a half months.

Sutton, former President and Chief Executive Officer of Olin Corporation, brings more than three decades of global leadership experience in the chemicals and materials sectors, including a proven track record of operational excellence, disciplined capital allocation, and transformative value creation. During his tenure at Olin, he led the company through significant business platform upgrades, strengthened its financial position, and advanced key strategic initiatives that improved the company's competitive positioning and enhanced shareholder value.

Former Vimeo CEO, Google AI Executive Philip Moyer Named President and CEO and Board Member Effective February 9, 2026; Simon Allen to Retire, Remain Chair of the Board.

Sutton, former President and Chief Executive Officer of Olin Corporation, brings more than three decades of global leadership experience in the chemicals and materials sectors, including a proven track record of operational excellence, disciplined capital allocation, and transformative value creation. During his tenure at Olin, he led the company through significant business platform upgrades, strengthened its financial position, and advanced key strategic initiatives that improved the company's competitive positioning and enhanced shareholder value.

Graphic Packaging Holding Company disclosed that its Compensation and Management Committee approved a retention package for Joseph P. Yost, Executive Vice President and President, Americas. The package includes a $2 million cash retention bonus and a grant of service-based restricted stock units (RSUs) valued at $2 million.

Eminence is also calling for GPI's board chair, Philip Martens, to resign amid alleged mismanagement of the CEO transition as well as other accusations, such as "eyebrow-raising stock sales" shortly before Doss' ouster.

Sims previously served as chief operating officer, leading commercial and operational functions, before succeeding Jean-Michel Ribiéras, who will retire as chairman and CEO Dec. 31.

The planned shutdown of Crofton's pulp and paper mill was scheduled to take place Dec. 15, but Domtar's senior director of public affairs said the change will benefit employees and suppliers.

Lennart Eberleh, CEO of pulp producer Rottneros, has resigned to take up another position outside the company. He will leave his position during the first half of 2026, according to a press release.

The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries. Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees. The Group carefully align remuneration elements with its strategy and long-term financial interests.

Mativ Holdings, Inc. has announced the appointment of Scott Minder as Chief Financial Officer, effective January 1, 2026. Mr. Minder will succeed Greg Weitzel, who will remain with the Company through December 31, 2025.

Rayonier Advanced Materials Inc., a global leader of cellulose-based technologies, announced that President and Chief Executive Officer De Lyle W. Bloomquist has informed the Board of Directors of his intention to retire by the time of the Company's 2026 Annual Meeting of Stockholders, expected in May 2026. Mr. Bloomquist also confirmed he will not stand for re-election to the Company's Board of Directors. To ensure continuity and a smooth transition, Bloomquist will remain in his role as CEO until a successor is appointed.

CEO of Lenzing AG Rohit Aggarwal resigns due to personal reasons, effective 31 January 2026. Following Mr. Aggarwal's departure, Lenzing AG will be led by a three-member Managing Board. The process to appoint a new Chief Executive Officer has been initiated by the Supervisory Board and an appointment will be announced at the appropriate time.

Robbert Rietbroek Appointed President and CEO, Effective January 1, 2026; Michael P. Doss to Step Down as President and CEO, Effective December 31, 2025

Boise Cascade Company announced that Nate Jorgensen, Chief Executive Officer, plans to retire effective March 2, 2026. The board of directors has unanimously appointed Jeff Strom, Chief Operating Officer, to succeed Jorgensen effective March 3, 2026. Jorgensen will continue to serve as a director on the Company's board after his retirement. The Company does not plan to backfill the chief operating officer role after the transition.

Packaging Corporation of America announced that it will permanently shut down the No. 2 paper machine (W2) and kraft pulping facilities at its Wallula, WA containerboard mill. PCA will continue to operate the No. 3 paper machine (W3) and recycled pulping facilities at the mill.

Domtar pulp mill in Crofton to close, leading to 350 job losses.

Interfor announced that it has made several leadership changes. Mike Mackay has been appointed Executive Vice President & Chief Financial Officer, effective December 8, 2025. Mr. Mackay, who joined Interfor in 2015, has held several leadership roles in the Company's finance organization, most recently serving as Vice President, Corporate Development & Treasury. Mr. Mackay will succeed Rick Pozzebon, who will be leaving Interfor to pursue other opportunities.

The Nova Scotia Forestry Innovation Transition Trust is investing $1.8 million to assist private landowners and forest contractors in finding new markets for underutilized wood fibre and to support sustainable forestry management.

While Woodland Pulp is scheduled to resume operations in mid-December, there's no timeline for when Canadian softwood lumber will be accepted at the mill.

Stora Enso will implement changes to its Group Leadership Team and organizational structure effective 1 January 2026, preparing for the planned demerger of its Swedish forest assets.