International Paper Company announced the retirement of a senior leader and three other leadership moves. Maximo Pacheco, senior vice president, president, IP EMEA, announced his retirement from International Paper and the board of directors of the ILIM Group, a 50:50 joint venture in Russia, effective September 30, 2013. Jean-Michel Ribieras was elected senior vice president, president, IP EMEA, by IP's board of directors. Mr. Ribieras will lead the EMEA paper and industrial packaging organizations and serve on the ILIM Group's board of directors. Mr. Ribieras will also become a member of the company's senior leadership team and report to Mr. Faraci. Glenn Landau was named president, IP Latin America, and vice president, International Paper, reporting to Tim Nicholls, senior vice president, P&C Papers the America's, effective June 1, 2013. In this role Mr. Landau will have overall financial and strategic responsibility for the company's papers and packaging business in the region and will serve on the Orsa International board of directors. Mr. Landau was appointed vice president, Investor Relations in 2011 and has served in a number of key roles during his 22 years with the company, including managing director, IP Italia, and vice president and general manager of the company's Containerboard & Recycling business. Jay Royalty was named vice president, Investor Relations, reporting to Carol Roberts, senior vice president and chief financial officer, effective June 1, 2013. In his new role, Mr. Royalty will be responsible for managing the relationship between International Paper, the financial community and IP's shareholders. Mr. Royalty has held a number of key roles during his 22 years with the company. Most recently he served as vice president of national accounts for IP's Container the America's (CTA) business.

On May 13, 2013, the shareowners of International Paper Company approved an amendment to the company's Restated Certificate of Incorporation to permit shareowners to act by written consent by the same approval threshold that would be applicable if the action were taken at an annual or special meeting of shareowners. The Charter Amendment and a corresponding amendment to the company's By-Laws also provide for certain procedural limitations around consent solicitations in order to protect all of the company's shareowners. The By-Law Amendment was previously approved by the Board subject to shareowner approval of the Charter Amendment. The Charter and By-Law Amendments became effective as of May 17, 2013, upon the filing of the company's Restated Certificate of Incorporation (reflecting the Charter Amendment) with the Secretary of State of the State of New York pursuant to Section 807 of the New York Business Corporation Law.

International Paper Company declared a quarterly dividend of $0.30 per share for the period from April 1, 2013, to June 30, 2013, inclusive, on its common stock, par value $1.00. This dividend is payable on June 14, 2013, to holders of record at the close of business on May 24, 2013. The company also declared a regular quarterly dividend of $1.00 per share for the period from April 1, 2013, to June 30, 2013, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on June 14, 2013, to holders of record at the close of business on May 24, 2013.