MEMPHIS, TN - International Paper (IP), a manufacturer and distributor of forest products, announced on July 13 that Timothy S. Nicholls has been elected senior vice president and CFO, effective Dec. 1, 2007.

“Tim's global business, finance and operations experience make him an excellent choice to be our next CFO,” said IP Chairman and CEO John Faraci.

Nicholls, 45, is currently vice president and executive project leader on special assignment related to the company's potential joint venture with Russian pulp and paper company, Ilim Pulp. He has also served as vice president and CFO of the company's European operations, based in Brussels, Belgium, and as president of the company's former Canadian pulp and wood products business.

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