- Sylvamo (SLVM, Financial) announces CEO and CFO transitions effective in 2024 and 2026.
- John Sims to take over as CEO from Jean-Michel Ribiéras in January 2026.
- Don Devlin appointed as new CFO starting May 2024.
Sylvamo (SLVM), a global leader in the paper industry, has announced a strategic leadership transition, set to unfold over the next two years. Current Chairman and CEO, Jean-Michel Ribiéras, is scheduled to retire on December 31, 2024. The company has detailed a planned succession, marking a significant change in its executive team.
John Sims, who has been serving as the Senior Vice President and Chief Financial Officer since Sylvamo was founded, is appointed to become the Chief Operating Officer effective May 1, 2024. In this role, Sims will oversee commercial and operational functions. He is slated to step into the CEO position on January 1, 2026, following the retirement of Ribiéras. Sims' appointment is part of a structured succession planning process that aims to ensure continuity in Sylvamo's leadership and strategic direction.
In conjunction with Sims' new role, Don Devlin will succeed him as CFO, also effective May 1, 2024. Devlin brings extensive experience from International Paper, where he most recently served as Vice President of Transformation and Strategy Deployment. His experience in finance and strategic roles is expected to contribute significantly to Sylvamo's financial leadership and long-term strategy.
Lead Independent Director, David Petratis, expressed confidence in the leadership transition, emphasizing Sylvamo's strong performance under Ribiéras' leadership and expressing optimism for the company's future under the guidance of Sims and Devlin.
With these changes, Sylvamo (SLVM, Financial) continues to strengthen its position in the paper industry, aiming for sustained growth and innovation. Observers are keeping an eye on how these leadership shifts will influence the company's strategic initiatives moving forward.
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