John V. Faraci is an

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, p ...

businessman. He served as the chairman and chief executive officer of

International Paper The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee. History The company was incorporated January 31 ...

from November 1, 2003, through October 31, 2014. He was succeeded by Mark Sutton.International Paper Board of Directors biography
/ref>John V. Faraci biography at NNDB
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Biography

Early life

He attended

Denison University Denison University is a Private university, private liberal arts college in Granville, Ohio, United States. One of the earliest colleges established in the former Northwest Territory, Denison University was founded in 1831. It was first called ...

, where he was a member of the

Lambda Chi Alpha Lambda Chi Alpha (), commonly referred to as Lambda Chi, is a fraternities and sororities, collegiate fraternity in North America. With over 300,000 initiates as of 2024, it is the third-largest social fraternity in the world by number of initia ...

fraternity, and received an M.B.A. from the

University of Michigan The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Mi ...

Ross School of Business The University of Michigan Ross School of Business (branded as Michigan Ross) is the business school of the University of Michigan, a Public university, public research university in Ann Arbor, Michigan. The school was originally established ...

Career

From 1995 to 1999, he was CEO and managing director of Carter Holt Harvey Ltd., a former majority-owned subsidiary of International Paper located in

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

. In 1999, he became senior vice president of finance and chief financial officer of International Paper. In 2003, he became chairman and CEO. In September 2009, CNNMoney listed Faraci as number four on a list of the five most overpaid CEOs. The story noted his total compensation was over $38 million during a period when his company lost 63% of its value. He sits on the Boards of Directors of

PPG Industries PPG Industries, Inc. is an American Fortune 500, ''Fortune'' 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By ...

United Technologies Corporation United Technologies Corporation (UTC) was an American multinational corporation, multinational list of conglomerates, conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous are ...

U.S. Steel The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, ...

, and the

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

International Advisory Board. He sits on the Board of Trustees of his alma mater, Denison University, and the

American Enterprise Institute The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right think tank based in Washington, D.C., that researches government, politics, economics, and social welfare ...

.Dennison University Board of Trustees
He also serves as a member of the boards of the Grand Teton National Park Foundation and the

National Park Foundation The National Park Foundation (NPF) is the official charity of the National Park Service (NPS) and its national park sites. The NPF was chartered by Congress in 1967 with a charge to "further the conservation of natural, scenic, historic, scientif ...

. In January 2020, he was appointed as the executive chairman for Carrier.

Personal life

He is married, and has two children. They live in

Memphis, Tennessee Memphis is a city in Shelby County, Tennessee, United States, and its county seat. Situated along the Mississippi River, it had a population of 633,104 at the 2020 United States census, 2020 census, making it the List of municipalities in Tenne ...

References

{{DEFAULTSORT:Faraci, John V Living people Businesspeople from Memphis, Tennessee Faraci, John V. American Enterprise Institute PPG Industries people Ross School of Business alumni International Paper Year of birth missing (living people)