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Sylvamo Welcomes John Sims as CEO, David Petratis as Chairman
Businesswire· 2025-12-17 21:15
Core Insights - Sylvamo has appointed John Sims as the new CEO and president, effective January 1, 2026, succeeding Jean-Michel Ribiéras, who will retire as chairman and CEO on December 31, 2025 [1] - David Petratis has been appointed as chairman of the board, also effective January 1, 2026, having served as lead independent director since 2021 [2] - The board now consists of seven members, including Sims and six independent directors, with the lead independent director role remaining unfilled [4] Company Overview - Sylvamo is recognized as the world's paper company, with operations in Europe, Latin America, and North America, and aims to be the employer, supplier, and investment of choice [9] - The company reported net sales of $3.8 billion for 2024 [9] Leadership Background - John Sims has extensive experience in the paper industry, having served as Sylvamo's first senior vice president and CFO since its inception in 2021, and previously held various leadership roles at International Paper [5][6] - David Petratis has been on the Sylvamo board since its inception and has a strong background in leading organizations through transformation and growth, including his previous role as chairman and CEO of Allegion plc [7][8]