Demand for retail ready packaging is forecast to increase 5.2 percent annually to $6.2 billion in 2020, outpacing the overall packaging market average, according to a new study from The Freedonia Group, a Cleveland-based industry research firm. Retail ready packaging (RRP), also known as shelf ready packaging, display ready packaging, and pallet ready packaging, refers to secondary packaging for retail products that arrives in a manner enabling items to go directly onto the shelf or selling floor without the need for unpacking of inner contents. RRP offers a number of advantages over traditional retail packaging in terms of labor costs, stock handling, and product visibility. Gains will be supported by further growth of mass retailers and club stores, and increased food and beverage sales volume in nontraditional outlets such as drug and dollar stores.
International Paper (NYSE: IP) today announced that Timothy S. Nicholls has been appointed Senior Vice President and Chief Financial Officer, succeeding Glenn R. Landau who is leaving the company for personal reasons. Mr. Nicholls, who currently serves as Senior Vice President – Industrial Packaging the Americas, previously served as Chief Financial Officer of the Company from December 2007 through November 2011.
The Company also announced that Jean-Michel Ribiéras, currently Senior Vice President – Global Cellulose Fibers, has been appointed Senior Vice President – Industrial Packaging the Americas, succeeding Mr. Nicholls, and that Catherine I. Slater has been appointed Senior Vice President – Global Cellulose Fibers. All appointments are effective immediately.
“These appointments reflect the breadth and depth of our exceptionally strong management team as we continue to focus on delivering long-term value for all stakeholders by establishing advantaged positions in attractive market segments,” said Mark Sutton, Chairman and CEO. “Tim has extensive experience at IP having served in senior executive roles across the organization, including as our former CFO. Tim, Jean-Michel and Cathy are outstanding leaders with proven track records of success across a range of positions, businesses and geographies. I would like to thank Glenn for his many years of service and wish him well.”
About Timothy S. Nicholls
Mr. Nicholls, 56, has served as Senior Vice President – Industrial Packaging the Americas since November 2014, with responsibility for the company’s North American Containerboard, Container and Recycling businesses and IP Brazil Packaging. His previous positions have included Senior Vice President – Printing & Communications Papers the Americas, and Senior Vice President and Chief Financial Officer. He joined International Paper in 1999 through the Company’s acquisition of Union Camp Corporation, where he held a series of finance and business planning positions.
About Jean-Michel Ribiéras
Mr. Ribiéras, 55, currently serves as Senior Vice President – Global Cellulose Fibers, a position he has held since July 2016. He previously served as Senior Vice President – President, IP Europe, Middle East, Africa & Russia from 2013 until June 2016, and President – IP Latin America from 2009 until 2013. He joined the Company in 1993 at Aussedat Rey in France.
About Catherine I. Slater
Ms. Slater, 55, has been a Senior Vice President of the Company since December 2016, when she joined the Company from Weyerhaeuser Company effective upon the completion of the acquisition of Weyerhaeuser’s cellulose fibers business (which she previously led). From the time she joined the Company, she served as Senior Vice President, Consumer Packaging until the end of 2017. Her 24-year career with Weyerhaeuser included leadership roles in manufacturing, printing papers, consumer products, wood products, distribution and the cellulose fibers business.