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آرشیو برچسب های: Rayonier Advanced Materials

Rayonier names Mark McHugh President av CFO

Rayonier announced that Mark McHugh has been appointed to the position of President and Chief Financial Officer, effective January 20, 2023. In addition to his current duties as CFO, Mr. McHugh will take on a greater role in leading our strategic planning efforts as well as participating in broader operational and personnel decision-making. He will continue to report to David Nunes, Chief Executive Officer.

Mr. McHugh joined the company in 2014 and most recently served as Senior Vice President and Chief Financial Officer. “Mark’s strategic, financial, and industry expertise uniquely position him to take on added responsibilities,” said Nunes. “He has been a valued leader and partner to me, and we are pleased to acknowledge his many contributions to the organization by expanding his leadership role.”

In addition, Doug Long has been appointed to the position of Executive Vice President and Chief Resource Officer, effective January 20, 2023. In this expanded role, Mr. Long will continue to oversee our global forestry operations, while also devoting more time toward developing business opportunities around nature-based climate solutions. “This promotion reflects Doug’s outstanding leadership of our forest resources organization as well as the growing importance of nature-based climate solutions to our long-term strategic vision,” said Nunes. Mr. Long joined Rayonier in 1995 and most recently served as Senior Vice President, Forest Resources. He will continue to report to David Nunes, Chief Executive Officer.

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RYAM to temporarily idle production at its paperboard and high-yield pulp operations

Rayonier Advanced Materials (NYSE: RYAM) is announcing that in order to optimize inventory levels and address lower-than-anticipated demand, its Témiscaming Paperboard operation and one of its High-Yield Pulp lines will be idled for 3 weeks, beginning on October 7.

Customer orders will not be affected, the company said.

The Témiscaming mill, which is located in Quebec, Canada, produces high-purity cellulose, high-yield pulp, and coated paperboard. Its operations are powered by carbon-neutral hydroelectricity, and a renewable biomass power generation system on-site, which produces renewable energy for the Hydro Quebec grid.

The mill employs around 700 people.

RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals, and other industrial applications. The Company also manufactures products for paper and packaging markets.

SOURCE: Rayonier Advanced Materials Inc. (RYAM)

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