International Paper, the $25 billion manufacturer of paper and pulp, appointed Carol Roberts CFO and senior vice president. She replaces Tim Nicholls, the company’s CFO since 2007, who was named senior vice president of printing and communications for the Americas. Roberts, 51, joined Memphis, Tenn.-based IP in 1981 and has served as general manager of its Kraft Packaging and Kraft Paper units, vice president of people development for the human resources department and vice president of industrial packing. Roberts has been senior vice president of industrial packing since 2005.
Sara Lee Corp., the $10.8 billion Downers Grove, Ill.-based food and beverage company, named Michel Cup CFO and executive vice president of its international beverage business, which the company plans to spin off next year. Cup, 42, most recently served as CFO and board member of Provimi, a Dutch-based animal nutrition company. Earlier, he was finance director at AkzoNobel and held several manager-level finance positions with baby food company Royal Numico.