Sylvamo, the world's paper company, announced the appointment of John Sims as the new CEO and David Petratis as Chairman.
John Sims will take over as CEO and President effective Jan. 1, 2026, succeeding Jean-Michel Ribieras.
David Petratis, who served as lead independent director since 2021, will become the Chairman of Sylvamo's board, effective Jan. 1, 2026.
Appointments
John Sims appointed as CEO and President, and David Petratis as Chairman.
Board Composition
Sylvamo's board now consists of seven members, including Sims and six independent directors.
Company Background
Sylvamo is the world's paper company with mills in Europe, Latin America, and North America, employing over 6,500 colleagues.
- The separation of roles between CEO and Chairman is seen as a best practice for corporate governance by many public companies.
- With the new appointments, Sylvamo aims to continue strong governance and support long-term success, providing John Sims the opportunity to focus on running the business.
These leadership changes at Sylvamo signify a new chapter for the company, emphasizing the commitment to effective governance and strategic leadership.