International Paper (NYSE: IP)

Corporate Profile

International Paper is a global uncoated paper and packaging company with primary markets and manufacturing operations in the United States, Europe, Latin America and Asia, complemented by xpedx, an extensive North American merchant distribution system. With annual sales of about $22 billion, the company has operations in more than 20 countries and employs approximately 60,000 people worldwide.

International Paper has a long-standing policy of using no wood from endangered forests. The company supports mutual recognition of forest certification standards. We have encouraged the adoption of CERFLOR, the SFI Standard and other systems recognized by the global Programme for the Endorsement of Forest Certification (PEFC) council. The PEFC-endorsed systems around the globe, including the SFI program, now account for an area larger than the combined forest area of all 25 member countries of the European Union.

Facilities*

In the United States, International Paper operates 18 pulp, paper and packaging mills, 94 converting and packaging plants, and five wood products facilities. Operations in Europe, Asia and Latin America include eight pulp, paper and packaging mills and 44 converting and packaging plants. The company distributes printing, packaging, graphic arts, maintenance and industrial products principally through more than 250 distribution branches located primarily in the U.S.

* Totals exclude facilities for which sale agreements are currently in place.

Corporate Governance

John Faraci Chairman and Chief Executive Officer

Newland A. Lesko Executive Vice President

Marianne M. Parrs Executive Vice President and Chief Financial Officer

John N. Balboni Senior Vice President - Chief Information Officer

Michael J. Balduino Senior Vice President and President, Shorewood Packaging

H. Wayne Brafford Senior Vice President - Printing & Communication Papers

Jerome M. Carter Senior Vice President - Human Resources

C. Cato Ealy Senior Vice President - Corporate Development

Thomas E. Gestrich Senior Vice President - President, IP Asia

Thomas G. Kadien Senior Vice President - President, xpedx