Sylvamo prepares management change: CEO announces retirement
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Sylvamo has announced an imminent change in its top management. Jean-Michel Ribiéras, the company's first Chairman and Chief Executive Officer, will retire on December 31.
John Sims, currently Senior Vice President and Chief Financial Officer of Sylvamo, will assume the role of Chief Operating Officer as of May 1. In this position, Sims will oversee the commercial and operational functions of the company. Following Ribiéras' retirement, Sims will become CEO on January 1, 2026.
Don Devlin will assume Sims' current responsibilities as Senior Vice President and CFO effective May 1. Devlin's background includes various leadership and financial positions at International Paper, Sylvamo's parent company prior to its spin-off.
Ribiéras has been at the helm of Sylvamo since its inception in 2021. Sims, who joined Sylvamo at the same time, has 27 years of experience at International Paper and brings extensive experience to his new role. Devlin, who joins from International Paper, has a strong background in strategic planning and finance, according to the company announcement.
Headquartered in Memphis, Tennessee, Sylvamo operates mills in Europe, Latin America and North America and employs over 6,500 people. The company reported net sales of 3.8 billion US dollars for 2024.
