IP Elects Kubasik to its BOD

International Paper Co., Memphis, Tenn., USA, this week elected Christopher E. Kubasik to its board of directors, effective July 10. Kubasik is vice chairman, president, and COO of Lockheed Martin Corp. He will become Lockheed Martin's CEO on January 1, 2013. He previously served as Lockheed Martin's EVP – Electronic Systems from September 2007 to December 2009, and as its EVP and CFO from February 2001 to August 2007.

"Chris's deep experience as a global business leader and extensive interaction with corporate boards, paired with his experience in business outside of North America, lends a valuable perspective to our board of directors. We are very pleased to have Chris join the board of directors of International Paper," said John Faraci, chairman and CEO.

With the election of Kubasik and the previous election of Ilene S. Gordon (effective October 1), the size of IP's board has been increased to 11 members.

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