International Paper APPM Limited at its board meeting held on October 30, 2019 announced the resignations of Mr. W. Michael Amick Jr., Mr. Russell V. Harris and Ms. Megan A.F. Bula, as non-executive Directors from the Board of the Company with effect from the end of the Board Meeting of October 30, 2019; accepted the resignation of Mr. Donald P. Devlin as Chairman & Managing Director with effect from the end of Board Meeting of October 30, 2019; and taken on record the resignation of following Independent Directors with effect from the end of Board Meeting of October 30, 2019: Mr. Milind Sarwate and Mr. M.S. Ramachandran. The company also appointed Mr. S.K. Bangur as Chairman & Managing Director (Key Managerial Personnel); Mr. Rajendra Jain as Non-Executive Director; Mr. Anish T. Mathew as Director (Commercial) and CFO (Key Managerial Personnel); Mr. Sudershan Somani as Non-Executive Independent Director; and Mr. Arun Kumar Sureka as Non-Executive Independent Director, with effect from the close of Board Meeting of October 30, 2019. The company also appointed Mr. Saurabh Bangur as Chief Executive Officer (Key Managerial Personnel) with effect from the close of Board Meeting of October 30, 2019.

Shri S.K. Bangur is the Chairman and Managing Director of the West Coast PaperMills Limited which forms a part of the Bangur Group of Companies managed by a Board of Directors. He is currently associated with a number of philanthropic and charitable organizations. He has previously served as the President of the Indian Chamber of Commerce and the Indian Paper Manufacturers Association.

Mr. Rajendra Jain is the Executive Director & CFO of West Coast Paper Mills Limited. He has bands on experience in Strategic Planning & Management, Manufacturing/Plant Operations, Business Process Re-engineering, Quality assurance, Cost Optimization, Maintenance, Project Management, Customer Satisfaction, Safety, continuous improvement & adoption of best practices, Commercial Operations, Procurements, Accounting & Financial Management, Resource Development & Management, Industrial Relations, CSR, People Development, Liaison & Networking and Sustainability. Mr. Anish T. Mathew is a Chartered Accountant with more than 15 years' experience in Accounts and Finance in FMCG, Steel and Paper Industries.

He has been associated with the Company since June, 2012. He handled Sales Finance & Capital Projects, Financial Planning & Analysis, Controls and Compliance. Mr. Saurabh Bangur, Vice Chairman of the West Coast Paper Mills Limited and Chairman of Amrit-Villa Investments Limited is a member of the Bangur family.

He is also a Director for companies such as Shree Satyanarayan Investments Company Limited, Gloster Cables Limited, Shree Satyanarayan Properties Private Limited, Lecbns Investments and Trading Company Private Limited, and Paramount Pratishthan Private Limited. Presently he is the President of the Indian Paper Manufacturer's Association (IPMA). Mr. Sudarshan Somani, aged 55 years, has been involved with international commodity trading since the past 30 odd years.

During this period, he has worked out of London & Dubai actively trading both in India as well as other countries. He has dealt in both soft & hard commodities specializing in non-ferrous metals & ores, agricultural products and waste papers. He has a good domain knowledge of dealing in International Terminal markets such as the London Metal Exchange.

Mr. Arun Sureka is the Chairman and Managing Director of Hartex Rubber Private Limited, a group company of Sureka Group. Established in 1961, Hartex Rubber Private Limited has its factory in Hyderabad with more than 45 marketing offices across India. Mr. Saurabh Bangur, Vice Chairman of the West Coast Paper Mills Limited, and Chairman of Amrit-Villa Investments Limited, is a member of the Bangur family.

He is also a Director for companies such as Shree Satyanarayan Investments Company Limited, Gloster Cables Limited, Shree Satyanarayan Properties Private Limited, Lecbns Investments and Trading Company Private Limited, and Paramount Pratishthan Private Limited. Presently, he is the President of the Indian Paper Manufacturer's Association (IPMA). He is also a committee member of Bharat Chamber of Commerce and Indian Chamber of Commerce.