RYAM CEO resigns; board launches strategic alternatives review with Morgan Stanley

RAYONIER ADVANCED MATERIALS INC.

CEO Scott M. Sutton resigned effective April 16, 2026.
Interim Office of the CEO formed: Marcus Moeltner (CFO), Michael Osborne, Christian Ribeyrolle, R. Colby Slaughter.
Company initiates strategic alternatives review to maximize shareholder value; engaged Morgan Stanley and Wachtell Lipton.
Board cites unsolicited indications of interest as catalyst for review; may pursue sale, merger, or other options.
No timetable set for completion; permanent CEO search underway with executive search firm.

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