Sylvamo (SLVM) has revealed a significant leadership transition plan as Jean-Michel Ribieras, the current chairman and chief executive officer, is set to retire at the end of the year on December 31. In preparation for this transition, John Sims, presently the senior vice president and chief financial officer, has been appointed as the chief operating officer, effective May 1.
During his tenure as COO, Sims will manage the company's commercial and operational activities. Concurrently, Ribieras will continue overseeing corporate functions until his retirement. Following Ribieras's departure, Sims is set to take over as Sylvamo’s CEO starting January 1.
Alongside these changes, Sylvamo’s board of directors has elected Don Devlin as the new senior vice president and chief financial officer, also beginning his role on May 1. Devlin is transitioning from International Paper (IP, Financial), where he accumulated significant experience in leadership and finance roles. His most recent position was vice president of transformation and strategy deployment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for International Paper Co (IP, Financial) is $56.76 with a high estimate of $67.00 and a low estimate of $44.90. The average target implies an upside of 21.11% from the current price of $46.87. More detailed estimate data can be found on the International Paper Co (IP) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, International Paper Co's (IP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for International Paper Co (IP, Financial) in one year is $52.39, suggesting a upside of 11.78% from the current price of $46.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the International Paper Co (IP) Summary page.
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