IP Elects Dorduncu to Board of Directors

International Paper Co., Memphis, Tenn., USA, has elected Ahmet C. Dorduncu to its board of directors effective March 6. From 2005 until his retirement in 2010, Dorduncu served as CEO of Sabanci Holding. He also served from 2006 to 2010 as chairman of the board of an industrial packaging business joint venture between Sabanci Holding and International Paper. Sabanci Holding is the parent company of the Sabanci Group, a Turkish financial and industrial company.

"Ahmet brings a knowledge of our business as well as broad international business experience to our board and we are extremely pleased to have him," said John Faraci, chairman and CEO. At its meeting in May 2011, the board will assign Dorduncu to one or more of its committees.

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