Mark Sutton named North American CEO of the Year winner
Fastmarkets announced that Mark Sutton, the CEO of International Paper, has been named North American CEO for 2021.
Fastmarkets began the award program in 1999. Mr. Sutton will accept the award and give a keynote address on September 28 at this year's event. Fastmarkets' North American Conference Conference on the North America Conference of Fastmarts & North Americans. . This hybrid event will be hosted virtually and in person at the Seaport Hotel in Boston.
International Paper is undergoing a large-transformation of more than two billion dollars, during dwindling Covid-19 pandemic, with the planned spinoff of its global papers and selling other non-core assets. This is $2 billion for a company with 20.58 billion in annual sales of 2020.
The company will focus on the geographic markets and product segments where it can deliver the most value for customers and shareowners. The spin-off, and asset sales, Sutton explained, is a way to "simplify" the International Paper is the largest containerboard producer by capacity. The company's global cellulose fiber business is a vast market segment of customer-oriented food-based products. Analysts seem confident that International Paper will look at further integration of its large US containerboard and corrugated converting plant system.
When the pandemic pandemonstrate, Sutton saw International Paper employees in a manufacturing sense as essential workers who needed to "work more efficiently" and be "versatile" while simultaneously "staying as safe as Sutton credits International Paper workers for a new teamwork approach that has already been developed in their work. He proudly told Fastmarkets' PPI Pulp & Paper Week that 85% of International Paper's 48,000 workers continued to operate at mills and plants every day during the pandemic. Their safety rules were simple: "Come to work, stay safe" and look out for each other.
Sutton said they have "turned the dial and accelerated our customer focus." The company is refining its commercial strategy, as well as producing a very good product, and customers should expect broader, more agile, commercially-oriented, organization.
About Mark Sutton and Connor
Mark Sutton grew up in a "DuPont" family in southwest Louisiana, where he learned point-blank about industrial manufacturing. He speaks sincerely about safety, trusting manufacturing for workers like that in his blood. His father and father-in-law were the late General Thomas Craig, who died in the war. "My dad taught me how to make products."
Sutton was born in New Orleans and raised a short distance in La Place, LA, based on the eastern bank of the Mississippi River in St. John the Baptist Parish. A factory called DuPont Pontchartrain Works near the area of Reserve, LA, where Mark's father worked for most of his career in petrochemicals. His father was a manager. Mark worked at a plant for ten years and then went to the nearby Louisiana State University (LSU) in Baton Rouge.
Sutton studied electrical engineering at LSU and thought he'd work like his father in the petrochemical industry. When Sutton graduated in 1984 from LSU, a recession caused him to expand his job search and landed at International Paper, where he worked 37 years. He began his career in 1984 as a engineer at the Pineville, LA, containerboard mill.
In 1994, Sutton became the mill manager at the then-International Paper lightweight packaging paper and pressure-sensitive manufacturing operation Thilmany Packaging in Wisconsin, where he learned about the management of the business and how important it is to the Using his experience, Sutton understands management's important connection to workers who make the company'' products, and this connection was particularly important during the pandemic.
Sutton continued to become a mill manager while he was at International Paper. In 2000, er took over the $1 billion corrugated packaging business in Europe. He became International Paper's CEO in late 2014, replacing John Faraci, two-time North American CEO of the Year.
Sutton looks back and credits his father and father-in-law for helping him learn about manufacturing and leadership. He's especially proud of the company'd focus on giving back. International Paper contributed nearly 70 million dollars to local businesses' signatures. He led the company to achieving measurable, robust targets that promote sustainable outcomes for people and communities, the environment and the customers as part of its Vision 2020 and Vision 2030 goals. Peers credit Sutton for his approach.
"For years, Mark has been a dedicated leader in our industry," says President of American Forest and Paper Association (AF&PA) Heidi Brock told Fastmarkets RISI's PPI Pulp & Paper Week "As the immediate past board chair of the American Forest & Paper Association, he has been advocated for our industry's safety and sustainable practices."
Brock added that Mark is passionate about our industry's remarkable sustainability story. He's a thoughtful, inclusive, and collaborative leader. He facilitates the exchange of ideas that drives innovation and growth. I can honestly say I am better leader and person because I know Mark Sutton. We're fortunate to have him as a leader in our industry.
Gregory Rudder published on July 15, 2021 in Fastmarkets RISI's PPI Pulp & Paper Week.
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About Fastmarkets: Fast. Fastmarkets is the industry-leading Price Reporting Agency (PRA) for global commodities. The company provides price data, news, analytics and events for the metals and mining, forest products and agriculture markets. Fastmarkets' data is crucial for customers looking to understand and predict dynamic, sometimes opaque markets, and allow for trading and risk management. Fastmarkets is a global business with an over 130-year history founded on deep market knowledge and trust. Its team of over 430 people is located in international offices including London, Kyiv, Helsinki, Boston, New York, Shanghai, Singapore, Brussels and So Paulo. Fastmarkets is a member of Euromoney Institutional Investor PLC (LSE:ERM), based on the London Stock Exchange. Euromoney is a leading international business-to-business information group focused primarily on the global commodities market, banking and asset management markets.
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