Published October 13, 2016 9:33am EDT | Updated October 13, 2016 11:18am EDT

International Paper Names Glenn Landau CFO, Replacing Carol Roberts Who Is Retiring

International Paper said Thursday that Chief Financial Officer Carol Roberts and William Hoel, senior vice president, container the Americas, will retire on March 31. The CFO position will be taken by Glenn Landau as soon as the company has filed its 2016 10-K in the first quarter of 2017. Shares fell 1% in early trading, but are up 22% in the year so far, while the S&P 500 has gained nearly 5%.