Rayonier Advanced Materials Inc. Announces Board Changes
March 04, 2020 at 11:52 am EST
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On March 2, 2020, Rayonier Advanced Materials Inc. announced that Ms. Gabriela Garcia had joined the Company as Vice President, Corporate Controller, and is expected to be elected to the position of Chief Accounting Officer and Vice President, Corporate Controller, immediately subsequent to the 2nd quarter, 2020, 10Q filing in early August. Ms. Garcia, age 44, was most recently the Controller for Nexeo Plastics Parent Inc. located in Houston, TX, a position she held from July 2019 to February 2020. Previously, she was the Assistant Controller and Controller for Nexeo Solutions Inc. from July 2012 to June 2019. Ms. Garcia also has approximately 23 years of progressive accounting experience working for firms such as Harken Energy Corporation, Reliant Energy Inc., Air Liquide USA, LLC, Marathon Oil Company, and Geokinetics Inc. Immediately subsequent to the 2nd quarter, 2020, 10Q filing in early August, Mr. John P. Carr, the Company’s current Chief Accounting Officer, will resign from that position. After assisting in Ms. Garcia’s transition into her new position, Mr. Carr will be appointed to another critical leadership role with the Company, to be announced at a later time. On March 3, 2020, Michael R. Herman announced his intention to resign as Senior Vice President, General Counsel and Corporate Secretary of the Company. Mr. Herman’s resignation will be effective at 11:59 p.m. on March 20, 2020. Mr. Herman, who has accepted a position with another firm, confirmed that his resignation did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including its financial controls or other financial-related matters. Upon Mr. Herman’s resignation, R. Colby Slaughter, currently Assistant General Counsel, will be appointed Vice President, General Counsel and Corporate Secretary of the Company. Mr. Slaughter joined the Company in 2013.
Rayonier Advanced Materials Inc. is engaged in specialty cellulose materials. The Company has three segments. The High Purity Cellulose segment offers cellulose specialties products, which are natural polymers, used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, and lacquers. Paperboard segment manufactures paperboard at the Temiscaming plant in Quebec, Canada. Its production facility has an annual production capacity of approximately 180,000 MTs of paperboard. High-Yield Pulp segment manufactures and markets high-yield pulp produced at its Temiscaming plant in Quebec, Canada. Its Temiscaming plant has an annual production capacity of approximately 290,000 MTs of high-yield pulp, approximately 65,000 MTs of which are used internally to produce paperboard.