RYAM · Rayonier Advanced Materials Inc.

The sudden resignation of CEO Scott M. Sutton on April 16, 2026, prompted the Board to swiftly establish an interim Office of the Chief Executive Officer on April 19, comprising four seasoned executives: Marcus J. Moeltner (CFO, age 62, 35 years experience), Michael Osborne (VP Manufacturing, age 58, 30+ years), Christian Ribeyrolle (SVP Biomaterials, age 64, 35+ years), and R. Colby Slaughter (SVP General Counsel, age 48). Moeltner serves as interim principal executive officer. Concurrently, on April 20, the Company launched a formal strategic alternatives review following unsolicited indications of interest, engaging top-tier advisors Morgan Stanley and Wachtell, Lipton. Potential outcomes include sale, merger, strategic investment, or standalone execution, signaling significant potential for shareholder value realization amid leadership transition. Non-Executive Chair Lisa M. Palumbo emphasized the team's capability to maintain continuity while the Board searches for a permanent CEO.