IP’s CFO heads to Microsoft

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26 April 2005 – Stamford (CT): Chris Liddell has resigned from his position as SVP and CFO of International Paper (IP) to join Microsoft as CFO.

Liddell has held leadership positions at IP and its New Zealand affiliate, Carter Holt Harvey, for the past ten years.

Chairman and CEO John Faraci said: "We will very much miss having Chris on our leadership team, but this is a great opportunity for him. We thank Chris for all the outstanding contributions he has made to our company and congratulate him on his new role."

EVP of International Paper Marianne Parrs will serve as CFO in the interim period until a permanent successor to Liddell is named.