Rayonier Advanced Materials Appoints Daniel Krawczyk as CEO Amid Ongoing Strategic Review
RYAM has more than doubled off its 52-week low of $3.351.
Summary
Rayonier Advanced Materials has appointed Daniel M. Krawczyk as its new Chief Executive Officer. This follows the resignation of the previous CEO in April and the formation of an interim leadership office. The new CEO takes the helm as the company continues its comprehensive review of strategic alternatives, a process that recently saw the board reject an acquisition offer with a 100% premium. Krawczyk will be instrumental in guiding the company through this critical period of potential transformation.
At the time of this announcement, RYAM was trading at $9.20 on NYSE in the Manufacturing sector, with a market capitalization of approximately $610.3M. The 52-week trading range was $3.35 to $11.85. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.