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Sylvamo Announces CEO, CFO Transition Plan

1. CEO Jean-Michel Ribiéras retires Dec. 31; John Sims to become COO. 2. Leadership change may signal strategic shift for Sylvamo's future operations.

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FAQ

Why Bullish?

Leadership transitions can bring new strategies. Historical examples show positive impacts on stock after executive changes.

How important is it?

Leadership changes often affect stock performance; new directions may appeal to investors.

Why Short Term?

Immediate market reactions usually follow leadership changes, but may stabilize soon.

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*INDU*SPY
MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo (NYSE: SLVM), the world's paper company, is announcing Jean-Michel Ribiéras, chairman and chief executive officer, will retire Dec. 31. John Sims, who currently serves as senior vice president and chief financial officer, has been elected chief operating officer by the company's board of directors, effective May 1. As COO, Sims will lead commercial and operational functions, while Ribiéras continues to lead corporate functions until his retirement. Sims.

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