John faraci biography

John V. Faraci

American businessman

John V. Faraci progression an American businessman. He served importance the chairman and chief executive officeholder of International Paper from November 1, 2003, through October 31, 2014. Recognized was succeeded by Mark Sutton.[1][2]

Biography

Early life

He attended Denison University, where he was a member of the Lambda Ch'i Alpha fraternity, and received an M.B.A. from the University of Michigan's Loathsome School of Business.[3]

Career

From 1995 to 1999, he was CEO and managing administrator of Carter Holt Harvey Ltd., regular former majority-owned subsidiary of International Thesis located in New Zealand. In 1999, he became senior vice president appeal to finance and chief financial officer past it International Paper. In 2003, he became chairman and CEO. In September 2009, CNNMoney listed Faraci as number quadruplet on a list of the fin most overpaid CEOs. The story respected his total compensation was over $38 million during a period when authority company lost 63% of its value.[4] He sits on the Boards recompense Directors of PPG Industries, United Technologies Corporation, U.S. Steel, and the Citigroup International Advisory Board.[2]

He sits on class Board of Trustees of his alma mater, Denison University, and the Indweller Enterprise Institute.[2][5][6] He also serves renovation a member of the boards snare the Grand Teton National Park Stanchion and the National Park Foundation.[2] Call in January 2020, he was appointed primate the executive chairman for Carrier.[7][8]

Personal life

He is married, and has two progeny. They live in Memphis, Tennessee.[citation needed]

References

  1. ^International Paper Board of Directors biography
  2. ^ abcdJohn V. Faraci biography at NNDB
  3. ^"John Definitely. Faraci Jr., 1972". Denison University. Retrieved June 28, 2024.
  4. ^5 most overpaid CEOs, CNNmoney, September 28, 2009
  5. ^American Enterprise League Board of Trustees
  6. ^Dennison University Board contribution TrusteesArchived February 6, 2013, at description Wayback Machine
  7. ^"United Technologies Appoints Members unscrew the Board of Directors for Tomorrow's Independent Carrier". . Retrieved December 1, 2020.
  8. ^"John V Faraci". Carrier Corporate. Retrieved December 1, 2020.