Rayonier Advanced Materials (NYSE: RYAM) details planned CEO retirement by 2026 meeting
Rhea-AI Filing Summary
Rayonier Advanced Materials Inc. announced a planned executive leadership transition. President and Chief Executive Officer De Lyle W. Bloomquist will retire from his roles by the time of the company’s 2026 Annual Meeting of Stockholders, which is expected to occur in May 2026. He will continue serving as Chief Executive Officer until a successor is appointed and will remain with the company through the Annual Meeting to support an orderly handover. Mr. Bloomquist will not stand for re-election to the Board of Directors at that meeting. The Board has begun a search process for the next Chief Executive Officer and has retained a leading global executive search firm to assist.
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Insights
RYAM discloses an orderly CEO retirement with a structured search process.
Rayonier Advanced Materials Inc. is managing a planned transition as President and Chief Executive Officer De Lyle W. Bloomquist retires by the 2026 Annual Meeting of Stockholders, expected in May 2026. He will remain as CEO until a successor is appointed and stay with the company through the meeting, which helps provide continuity during the change in leadership.
The Board has launched a formal process to identify the next Chief Executive Officer and engaged a leading global executive search firm. This indicates a structured, externally supported search rather than a rushed or unplanned change. The filing also confirms that Mr. Bloomquist will not stand for re-election to the Board at the 2026 Annual Meeting, aligning the leadership change with board composition.
For investors, the key considerations are how the Board manages this transition period and the profile of the eventual successor. Subsequent disclosures, including the referenced press release and future company communications ahead of the 2026 Annual Meeting, may provide more detail on leadership priorities and strategic direction under the next Chief Executive Officer.
