May 31, 2022 By P&PC Staff
Rayonier Advanced Materials announced the appointment of De Lyle W. Bloomquist as president and chief executive officer of the company. Effective immediately, Bloomquist takes over from Vito J. Consiglio.
Consiglio is stepping down as president and CEO of Rayonier and as a board member, with the mutual agreement of the board. The company’s board of directors has named Lisa M. Palumbo as the non-executive chair of the board. Bloomquist has been on Rayonier’s board since 2014 and was named its non-executive chair in May 2020.
“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 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.”
Bloomquist has decades of experience in leadership positions in the chemicals, minerals and materials industries, including in finance, sales, logistics, operations, IT, strategy and business development capacities. Until most recently, he was a partner at Windrunner Management Advisors. Prior to that, he was president of the global chemical business of Tata Chemicals and president, CEO and director of Tata Chemicals North America.
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 on 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 endeavours.”
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