Rayonier Advanced Materials appoints De Lyle W. Bloomquist as CEO, reaffirms EBITDA guidance

RAYONIER ADVANCED MATERIALS INC.

De Lyle W. Bloomquist appointed President and CEO, replacing Vito J. Consiglio who stepped down by mutual agreement.
Bloomquist had been Non-Executive Chair since May 2020; Lisa M. Palumbo named new Non-Executive Chair.
Bloomquist receives $1M base salary, 100% target bonus, and $2.5M LTIP equity grant for 2022.
Company reaffirms Q2 and full-year 2022 EBITDA guidance.
Consiglio eligible for severance payments under Non-Change in Control Executive Severance Plan.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

De Lyle W. Bloomquist

President and Chief Executive Officer

RYAM · RAYONIER ADVANCED MATERIALS INC.

Effective: 2022-05-28
Filed: May 31, 2022, 7:59 PM ET

On May 28, 2022, the Board of Directors (the “ Board ”) of Rayonier Advanced Materials Inc. (the “ Company ”) appointed De Lyle W. Bloomquist as President and Chief Executive Officer of the Company.

Departed

Vito J. Consiglio

President and Chief Executive Officer

RYAM · RAYONIER ADVANCED MATERIALS INC.

Effective: 2022-05-28
Successor: De Lyle W. Bloomquist
Filed: May 31, 2022, 7:59 PM ET

Mr. Bloomquist succeeds Vito J. Consiglio, who stepped down as President and Chief Executive Officer of the Company with the mutual agreement of the Board on the same day.

Appointed

Lisa M. Palumbo

Non-Executive Chair

RYAM · RAYONIER ADVANCED MATERIALS INC.

Effective: 2022-05-28
Filed: May 31, 2022, 7:59 PM ET

The Board named Lisa M. Palumbo as Non-Executive Chair of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

De Lyle W. Bloomquist was appointed as President and Chief Executive Officer at RAYONIER ADVANCED MATERIALS INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On May 28, 2022, the Board of Directors (the “ Board ”) of Rayonier Advanced Materials Inc. (the “ Company ”) appointed De Lyle W. Bloomquist as President and Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Vito J. Consiglio departed as President and Chief Executive Officer at RAYONIER ADVANCED MATERIALS INC..

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Bloomquist succeeds Vito J. Consiglio, who stepped down as President and Chief Executive Officer of the Company with the mutual agreement of the Board on the same day.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Lisa M. Palumbo was named as Non-Executive Chair at RAYONIER ADVANCED MATERIALS INC..

Action: named
Role: Non-Executive Chair

Exact text from the filing

The Board named Lisa M. Palumbo as Non-Executive Chair of the Board.

View on SEC.gov

RAYONIER ADVANCED MATERIALS INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-162994

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