Rayonier Advanced Materials appoints De Lyle Bloomquist as CEO alongside Lisa Palumbo as Non-Executive Chair

– USA, FL –  Rayonier Advanced Materials Inc. (NYSE: RYAM) today announced the appointment of De Lyle Bloomquist as President and CEO, effective immediately, succeeding Vito Consiglio, who has stepped down from the Company and its Board. De Lyle Bloomquist has served on the Board since 2014 and was named Non-Executive Chair of the Board in May 2020.

Concurrently, the Board named Lisa Palumbo as Non-Executive Chair of the Board of Directors.

About De Lyle Bloomquist

De Lyle Bloomquist has decades of domestic and international leadership experience in the chemicals, minerals, and materials industries, including in finance, sales, logistics, operations, IT, strategy, and business development capacities. Mr. Bloomquist most recently served as a partner at Windrunner Management Advisors LLC, a management advisory services business, and before that served as the President, Global Chemical Business of Tata Chemicals Limited, and President, CEO, and Director of Tata Chemicals North America Inc.

“I look forward to working closely with the Board and management team to improve the Company’s profitability by increasing operational reliability, countering inflationary supply chain pressures, focusing on employee engagement, and advancing the Company’s biorefinery and biomaterials strategy,” said Mr. Bloomquist. “As a result of these efforts, the Company remains on track to meet our prior guidance and deliver improved EBITDA in the second quarter and the full year 2022. I am confident in the Company’s ability to continue providing our customers with the sophisticated products, solutions, and service that they have come to expect while delivering enhanced value to our stockholders.”

Mr. Bloomquist was most recently a partner at Windrunner Management Advisors LLC, a management advisory services business, and President, of Global Chemical Business of Tata Chemicals Limited from 2009 to 2015, which generated $1.1 billion in the fiscal year 2015 producing soda ash, sodium bicarbonate, consumer and industrial salt on four continents. From 2004 to 2009, he served as President and CEO of General Chemical Industrial Products where he led the transformation of the company into a highly profitable business by improving capital and labor productivity. General Chemical Industrial Products was acquired by Tata Chemicals for $1.025 billion in 2008. Mr. Bloomquist currently serves on the Board of Directors of GCM Mining Inc. He serves on the Board of Business Advisors for the Tepper School of Business at Carnegie Mellon University.

Mr. Bloomquist is a graduate of Brigham Young University and holds an MBA from Carnegie Mellon University.

About Lisa M. Palumbo

Lisa Palumbo served as SVP, General Counsel, and Secretary of Parsons Brinckerhoff Group Inc., a global consulting firm providing planning, design, construction, and program management services for critical infrastructure projects, from 2008 until her retirement in January 2015. Before that, Ms. Palumbo served as SVP, General Counsel, and Secretary of EDO Corporation (a defense technology company) from 2002 to 2008. In 2001, Ms. Palumbo served as SVP, General Counsel, and Secretary of Moore Corporation; from 1997 to 2001 she served as VP, General Counsel and Secretary of Rayonier Inc., and from 1987 to 1997 she served in positions of increasing responsibility, including Assistant General Counsel and Assistant Secretary for Avnet, Inc. (a global distributor of technology products).

Lisa Palumbo said, “With De Lyle’s nearly 30 years of industry experience and success, the Board is confident he is the right leader to oversee the continued execution of our strategic plan. We are also fortunate to be able to call upon De Lyle’s deep knowledge of the Company, our strategic position, opportunities, and the value of our dedicated team members. We look forward to benefiting from his expertise as we continue to execute our strategic initiatives. I also want to thank Vito for his contributions and service to Rayonier Advanced Materials and wish him the best in his future endeavors.”

Ms. Palumbo holds bachelor’s and Juris doctorate degrees from Rutgers University.

About Rayonier Advanced Materials

Rayonier Advanced Materials is a global leader in cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals, and other industrial applications. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada, and France, Rayonier Advanced Materials employs just over 2,500 people and generates approximately $1.4 billion of revenue.

For more information : https://ryamglobal.com/

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