Robert M. Hunkeler, longtime vice president of trusts and investments at International Paper Corp., will retire after more than 25 years overseeing the investment management of the company’s retirement plans.
Mr. Hunkeler said in an email he will retire at the end of March. He joined the Stamford, Conn.-based company in February 1997 from Novartis Corp., where he was head of the cash management, foreign exchange and corporate finance.
During his tenure at International Paper, Mr. Hunkeler has seen the company’s retirement plan assets rise to $15.5 billion as of Sept. 30 from a total of $5.1 billion upon his arrival.
In his email Monday, he said he has no immediate plans for his retirement, although he plans to continue as a board member of the Committee on Investment of Employee Benefit Assets and spend more time with his wife in their second homeland, Switzerland.
International Paper tapped Carol Tusch, its deputy chief investment officer, to replace Mr. Hunkeler upon his retirement. Spokeswoman Amy Simpson could not be immediately reached for further information.