An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
RYAM Elects Charles R. Eggert to the Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Rayonier Advanced Materials (RYAM) announced the addition of Chas R. Eggert to its Board of Directors, effective October 19, 2022. With over 40 years in the industry, Eggert brings extensive experience in strategic leadership and operational transformation, particularly in specialty chemicals and biomaterials. His previous roles include Operating Partner at iSelect Fund Management and Arsenal Capital Partners, where he contributed to various portfolio companies. This appointment is expected to enhance RYAM's growth strategies in cellulose specialties and related markets.
Positive
Chas Eggert's extensive 40+ years of industry experience.
Expected positive impact from Eggert's strategic leadership and operational expertise.
Negative
Potential continuity risks due to a new board member.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Rayonier Advance Materials Inc. (NYSE:RYAM) (the “Company”) announced today that Charles (Chas) R. Eggert has been elected to its Board of Directors, effective October 19th, 2022.
“We’re pleased to welcome Chas to our Board of Directors and look forward to benefitting from his more than 40 years of industry experience and proven expertise,” stated Lisa M. Palumbo, Non-Executive Chair of the Board of Directors of the Company. “Chas has an impressive track record of strategic leadership and operational transformation that has driven value across global specialty chemicals, biomaterials, and food ingredients businesses. We believe his insights and perspectives will be extremely additive to our Company, as we continue to strengthen our leadership position and drive growth in our cellulose specialties, biomaterials, paperboard, and high yield businesses.”
Eggert has been an Operating Partner at iSelect Fund Management, a venture capital firm focused on early stage agriculture, food, nutrition, and wellness growth companies, since 2019. In this role, he was responsible for identifying investments, developing portfolio company value creation strategies, and advising fund and portfolio company managements on strategy, business development, and operations. Prior to this, Eggert served as an Operating Partner for Arsenal Capital Partners, a lower middle market private equity firm that specializes in building value for specialty chemical and healthcare service companies from 2016 to 2019. While at Arsenal, he served as a Board member at portfolio companies, Spartech LLC, Chroma Color Corporation and Meridian Adhesives Group. He also served as President and CEO of Solvaira Specialties, one of Arsenal’s portfolio companies and served 6 years as CEO of the renewable chemicals company OPX Biotechnologies, Inc. Eggert is currently a Board member of CP Kelco.
About RYAM
RYAM is a global leader of 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, RYAM employs just over 2,500 people and generated $1.4 billion of revenues in 2021. More information is available at www.RYAMglobal.com
Who has been elected to the Board of Directors of Rayonier Advanced Materials (RYAM)?
Chas R. Eggert has been elected to the Board of Directors.
When did Chas Eggert's appointment to RYAM's Board take effect?
Chas Eggert's appointment took effect on October 19, 2022.
What experience does Chas Eggert bring to Rayonier Advanced Materials (RYAM)?
Chas Eggert brings over 40 years of experience in operational transformation and strategic leadership within the specialty chemicals and biomaterials sectors.
What are the expected impacts of Chas Eggert's appointment at RYAM?
His appointment is expected to drive growth and strengthen RYAM's leadership in cellulose specialties and other related markets.
