{"id":838053,"date":"2025-04-16T08:58:05","date_gmt":"2025-04-16T12:58:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sylvamo-announces-ceo-cfo-transition-plan\/"},"modified":"2025-04-16T08:58:05","modified_gmt":"2025-04-16T12:58:05","slug":"sylvamo-announces-ceo-cfo-transition-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sylvamo-announces-ceo-cfo-transition-plan\/","title":{"rendered":"Sylvamo Announces CEO, CFO Transition Plan"},"content":{"rendered":"

<\/p>\n

Sylvamo Announces CEO, CFO Transition Plan<\/b><\/p>\n

\n\u00a0\n<\/p>\n

MEMPHIS, Tenn.–(BUSINESS WIRE<\/a>)–
\nSylvamo (NYSE: SLVM), the world\u2019s paper company, is announcing Jean-Michel Ribi\u00e9ras, chairman and chief executive officer, will retire Dec. 31.\n<\/p>\n

\nJohn Sims, who currently serves as senior vice president and chief financial officer, has been elected chief operating officer by the company\u2019s board of directors, effective May 1. As COO, Sims will lead commercial and operational functions, while Ribi\u00e9ras continues to lead corporate functions until his retirement. Sims will then become Sylvamo\u2019s next CEO Jan 1, 2026.\n<\/p>\n

\nDon Devlin has been elected senior vice president and CFO to succeed Sims, effective May 1. Devlin joins Sylvamo from International Paper, where he held numerous leadership and finance positions, most recently serving as vice president, transformation and strategy deployment.\n<\/p>\n

\n\u201cI would like to thank Jean-Michel for his leadership in building Sylvamo, the world\u2019s paper company, into what it is today. We are very pleased with the company\u2019s performance during his tenure and wish him a well-earned retirement,\u201d said David Petratis, lead independent director, who has served on the Sylvamo board of directors since 2021. \u201cThe company is well positioned to continue to succeed under John\u2019s leadership as he has been key to Sylvamo\u2019s performance. We also have no doubt Don will leverage his impressive experience to help guide Sylvamo into the future.\u201d\n<\/p>\n

\n\u201cIt has been an honor to lead Sylvamo,\u201d Ribi\u00e9ras said. \u201cI thank our board, senior management team and talented teams around the world for their dedication and outstanding contributions in pursuit of our vision to be the employer, supplier and investment of choice. I am so proud of all we have accomplished together and know John will continue to amplify Sylvamo\u2019s success.\u201d\n<\/p>\n

About Jean-Michel Ribi\u00e9ras<\/b><\/p>\n

\nJean-Michel Ribi\u00e9ras became Sylvamo\u2019s first chairman and CEO in 2021, at the company’s inception as a spinoff from International Paper. His more than 35-year career in paper and packaging spans three continents, multiple businesses and a variety of leadership roles.\n<\/p>\n

\nRibi\u00e9ras also serves on the boards of LP Building Solutions, the American Forest & Paper Association and the U.S.-Brazil CEO Forum. He previously served on the board of the Brazil Pulp & Paper Association. He holds a bachelor\u2019s degree in management from \u00c9cole Sup\u00e9rieure des Dirigeants d\u2019Enterprise (France) and a master\u2019s degree in marketing from the University of Hartford.\n<\/p>\n

About John Sims<\/b><\/p>\n

\nJohn Sims became Sylvamo\u2019s first senior vice president and CFO in 2021, at the company’s inception as a spinoff from International Paper. He joined International Paper in 1994 after serving as an officer in the U.S. Navy. During his 27-year career with International Paper, he gained extensive experience in the printing papers and packaging businesses in North America and Europe. He held numerous leadership roles, including vice president and general manager, North American Papers, senior vice president and president, Europe, Middle East, Africa and Russia and senior vice president, Corporate Development.\n<\/p>\n

\nSims served on the Confederation of European Paper Industries Board from 2016 to 2019. He has a bachelor\u2019s degree in mechanical engineering from the United States Naval Academy and a Master of Business Administration from the University of Michigan.\n<\/p>\n

About Don Devlin<\/b><\/p>\n

\nDon Devlin has extensive international leadership experience with a track record of building teams, developing strategic plans and delivering results in diverse and challenging environments.\n<\/p>\n

\nDevlin comes to Sylvamo from International Paper, where he joined in 1998. He held numerous leadership positions, including vice president, finance and strategy, North American Industrial Packaging, president, International Paper India, finance director, European Papers and, most recently, vice president, transformation and strategy deployment. He has a bachelor\u2019s degree in business administration from Siena College.\n<\/p>\n

About Sylvamo<\/b><\/p>\n

\nSylvamo (NYSE: SLVM) is the world\u2019s paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,500 colleagues. Net sales for 2024 were $3.8 billion. For more information, please visit Sylvamo.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any or all forward-looking statements may turn out to be incorrect, and actual future actions and events could differ materially from what the forward-looking statements express or imply, because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control. These risks, uncertainties, and other factors include those disclosed in the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, filed with the U.S. Securities and Exchange Commission (SEC) and in our subsequent filings with the SEC, available on our website, Sylvamo.com. These forward-looking statements reflect our current expectations, and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250416029256\/en\/<\/a><\/span><\/p>\n

\nMedia Contact:
\n
Adam Ghassemi
\n
\u00a0901-519-8115
\n
adam.ghassemi@sylvamo.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Tennessee<\/p>\n

INDUSTRY KEYWORDS:<\/b> Packaging Other Natural Resources Forest Products Manufacturing Natural Resources Other Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Sylvamo Announces CEO, CFO Transition Plan \u00a0 MEMPHIS, Tenn.–(BUSINESS WIRE)– Sylvamo (NYSE: SLVM), the world\u2019s paper company, is announcing Jean-Michel Ribi\u00e9ras, chairman and chief executive officer, will retire Dec. 31. John Sims, who currently serves as senior vice president and chief financial officer, has been elected chief operating officer by the company\u2019s board of directors, effective May 1. As COO, Sims will lead commercial and operational functions, while Ribi\u00e9ras continues to lead corporate functions until his retirement. Sims will then become Sylvamo\u2019s next CEO Jan 1, 2026. Don Devlin has been elected senior vice president and CFO to succeed Sims, effective May 1. Devlin joins Sylvamo from International Paper, where he held numerous leadership and finance positions, most recently serving … <\/p>\n

Continue reading “Sylvamo Announces CEO, CFO Transition Plan”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-838053","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSylvamo Announces CEO, CFO Transition Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sylvamo-announces-ceo-cfo-transition-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sylvamo Announces CEO, CFO Transition Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sylvamo Announces CEO, CFO Transition Plan \u00a0 MEMPHIS, Tenn.–(BUSINESS WIRE)– Sylvamo (NYSE: SLVM), the world\u2019s paper company, is announcing Jean-Michel Ribi\u00e9ras, chairman and chief executive officer, will retire Dec. 31. John Sims, who currently serves as senior vice president and chief financial officer, has been elected chief operating officer by the company\u2019s board of directors, effective May 1. As COO, Sims will lead commercial and operational functions, while Ribi\u00e9ras continues to lead corporate functions until his retirement. Sims will then become Sylvamo\u2019s next CEO Jan 1, 2026. Don Devlin has been elected senior vice president and CFO to succeed Sims, effective May 1. 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