Rayonier Hires Frank Ruperto to Lead Performance Fibers Growth Strategy
11 Março 2014 - 10:18AM
Business Wire
Rayonier (NYSE:RYN) announced today that Frank A. Ruperto is
joining the company as Senior Vice President, Corporate Development
and Strategic Planning, effective March 31, to assist the company
with achieving its future growth priorities. Upon the previously
announced separation of the Performance Fibers business, Ruperto
will lead the strategic growth and long-range planning initiatives
for the new performance fibers company.
Ruperto brings nearly 25 years of investment banking experience
in mergers and acquisitions to Rayonier. Most recently, he served
as Managing Director, Mergers and Acquisitions for Bank of America
Merrill Lynch and previously served as Head of Global Industries
M&A for Banc of America Securities. Prior to that, Ruperto
served as Managing Director, M&A at Merrill Lynch Pierce Fenner
& Smith. During his career, he has acted as a lead advisor on
more than 100 completed mergers, acquisitions and financings valued
at more than $100 billion.
“We’re pleased to have Frank join our senior management team at
this critical stage in our company's development. Frank will lead
our strategic, long range planning process and additionally begin
identifying strategic opportunities that will position us for
future adjacent growth,” said Paul Boynton, chairman, president and
CEO of Rayonier. “Frank’s strategic thinking and experience in
corporate transactions, along with his knowledge of the industrial
and specialty chemical sectors, will allow him to play a critical
role in our future. We have worked with Frank for more than a
decade and know that adding his skill set to our team will enhance
shareholder value.”
“I have worked closely with Rayonier on its strategic
opportunities over the years and greatly admire its market-leading
businesses and strong management team,” stated Ruperto. “This is an
exciting time in the company’s history as the separation provides a
solid platform to grow within the specialty chemicals sector. I’m
delighted to join the organization and leverage my experience to
help the company identify and execute a growth strategy for the new
Performance Fibers business that drives shareholder value.”
Ruperto graduated cum laude with a Bachelor of Arts in Economics
from Harvard College in 1988 and holds an MBA, with a major in
finance, from The Wharton School of Business at The University of
Pennsylvania.
About Rayonier:
Rayonier is a leading international forest products company with
three core businesses: Forest Resources, Real Estate and
Performance Fibers. The company owns, leases or manages 2.6 million
acres of timber and land in the United States and New Zealand. The
company's holdings include approximately 200,000 acres with
residential and commercial development potential along the
Interstate 95 corridor between Savannah, Ga., and Daytona Beach,
Fla. Its Performance Fibers business is one of the world's leading
producers of high-value specialty cellulose fibers, which are used
in products such as filters, pharmaceuticals and LCD screens.
Approximately 50 percent of the company's sales are outside the
U.S. to customers in approximately 20 countries. Rayonier is
structured as a real estate investment trust. More information is
available at www.rayonier.com.
RayonierInvestorsEd Kiker, 904-357-9186orMediaRussell Schweiss,
904-357-9158
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