Sylvamo Corporation appoint Joia Johnson to its board of directors.
International Paper (NYSE: IP) is proud to announce Sylvamo Corporation as the name of its global papers spinoff, with headquarters planned for Memphis, Tennessee.
The name Sylvamo speaks to the company’s connection to trees and highlights its role as a steward of sustainable forests. Sylvamo combines the Latin words for forest, “silva,” and love, “amo.” Company leaders translate this unique combination as “love of forests.”
Sylvamo, currently a subsidiary of International Paper, will be governed by a nine-member board with eight independent directors. Jean-Michel Ribiéras, senior vice president, Global Papers, will serve as the company’s chairman and chief executive officer.
“We believe it is critical to have a world-class board of directors as we set off on our mission to transform renewable resources into papers that people depend on for education, communication and entertainment,” Ribiéras said. “We are proud to have Joia Johnson as part of a talented, experienced and diverse team that will guide us as an independent company.”
An experienced corporate executive, as well as public and private company director, Ms. Johnson recently retired as chief administrative officer, general counsel, and corporate secretary for Hanesbrands Inc., a leading apparel manufacturer and marketer. Based in Winston-Salem, N.C., Ms. Johnson’s leadership position with Hanesbrands included serving as executive leader for the Hanesbrands Board of Directors’ Compensation Committee as well as the Board’s Governance and Nominating Committee. She also oversaw legal, corporate social responsibility, human resources, real estate, and government/trade relations functions for the company.
Ms. Johnson’s board experience includes serving within the financial services sector. She serves on the board of Global Payments Inc., a Fortune 500 payments technology company. In addition, for eight years, Ms. Johnson was a board member for Crawford & Company, which specializes in insurance claims administration. Ms. Johnson was also a member of the board of H.J. Russell & Company, a private real estate construction and property management business, for 15 years.
