Swaminathan is President - International Paper India - and Chairman & Managing Director of International Paper APPM Ltd.
The Board of Directors of IP India and IP-APPM, at their meeting today, accepted his resignation. Swaminathan would continue to discharge his current responsibilities and support a smooth transition until end of April, it said in a statement.
The company also announced that Don Devlin will succeed Swaminathan. Devlin has nearly 20 years of experience in International Paper, in various leadership roles, it was stated.
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