RAYONIER ADVANCED MATERIALS Business Summary

Rayonier Advanced Materials Inc. (RYAM) is a global leader in cellulose-based technologies, generating revenue through the production and sale of high-purity cellulose specialties, paperboard, and high-yield pulp. Following a strategic reorganization in early 2025, the company manages its operations through five distinct segments: Cellulose Specialties, Cellulose Commodities, Biomaterials, Paperboard, and High-Yield Pulp. Its business model leverages proprietary chemical processes to convert renewable wood fibers into specialized natural polymers used in high-value applications such as pharmaceuticals, food additives, and liquid crystal displays. RYAM competes primarily against GP Cellulose, Borregaard, Bracell, and Sappi, positioning itself as a premium technical leader in the specialty cellulose market while currently executing a "value-over-volume" pricing strategy to offset high operational costs and leverage. Spun off from Rayonier Inc. in 2014, the company is currently led by President and CEO Scott M. Sutton, who assumed the role in January 2026 after a successful tenure as CEO of Olin Corporation, where he was recognized for operational transformation and disciplined capital allocation. Sutton is supported by CFO and Senior Vice President of Finance Marcus J. Moeltner, who is spearheading the company’s 2026 strategic mandate to restore positive free cash flow and refinance the firm's high-cost debt structure. The leadership team operates under the oversight of a Board of Directors chaired by Lisa M. Palumbo. Notable institutional influence includes Cerberus Capital Management, which holds a significant equity stake following strategic debt restructuring, alongside major institutional holders such as BlackRock and Vanguard.