Major Announcements

Cascades Inc. announces the appointment of Mr. Hugues Simon as its new President and CEO. Currently President of the Wood Products business at Resolute Forest Products, Mr. Simon will assume his new role no later than July 1, 2024. The appointment follows an extensive succession planning and recruitment process, supported by an international firm, in anticipation of Mario Plourde's planned retirement.

Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."

Sonoco Products Company, one of the largest sustainable global packaging companies, announced the upcoming retirement of tenured executive, Jeff Tomaszewski, President, Diversified Businesses, effective June 30, 2024.

The Board assumed directorship on March 20, 2024.

Beate Flamm joined the Board of the containerboard and corrugated sheetboard manufacturer Progroup. She is responsible for the areas of human performance management (personnel), communications and marketing, and corporate social responsibility.

Rayonier Advanced Materials Inc. (RYAM) is announcing that, effective July 2, 2024, it will suspend operations at its Temiscaming High Purity Cellulose (HPC) plant for an indefinite period.

Mativ Holdings, Inc. announced it has appointed Dr. Kimberly E. Ritrievi as Chair of the Board of Directors, succeeding Dr. John D. Rogers, who will continue to serve as a director of Mativ and will assume the role of Audit Committee Chair.

Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place following the Annual General Meeting.

Mike Wilson has been appointed Chief Commercial Officer, reporting directly to the Chief Executive Officer.

The Supervisory Board of Mayr-Melnhof Karton AG has unanimously reappointed Peter Oswald (61) as Chairman of the Management Board and CEO until May 31, 2029 following his first period of office, which expires on March 31, 2025. At the same time, the Management Board, which currently includes CFO Franz Hiesinger (58) alongside him, will be expanded to three members.

After promising results from the ongoing demonstration phase, Metsä Group has decided to conduct, in parallel with the demo phase, a pre-engineering project related to a possible first commercial-scale factory. Muoto™ packages are renewable and recyclable bioproducts that can be utilised in, e.g., takeaway, berry, tray, and combo packaging.

Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company.

Mondi, which produces sustainable packaging such as paper wrappers and envelopes, finalized its purchase of the pulp and paper mill last month for $5 million.

ND Paper says it is making some changes to its mill in Rumford due to "challenging market conditions."

The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill.

Amcor, a global leader in developing and producing responsible packaging solutions, announced today that after nine years as Chief Executive Officer (CEO), Ron Delia has informed the Board of Directors of his decision to retire from the Company and step down from the Board for health reasons, effective April 15, 2024.

Silvernail joins IP from KKR & Co., Inc., a global investment firm, where he served as an executive advisor. Silvernail also served as the Chairman and CEO of Madison Industries, one of the world's largest privately held companies.

Roaring Spring is officially saying goodbye to the Appvion papermill which closed in 2021. 300 people lost their jobs when it closed. Being founded in 1866, the papermill was part of the community being one of the largest employers in the area.

Kari Jordan (Chair), Håkan Buskhe and Reima Rytsölä were elected members of the People and Culture Committee. Christiane Kuehne (Chair), Helena Hedblom and Richard Nilsson were elected members of the Sustainability and Ethics Committee.

Antti Jääskeläinen, Executive Vice President, UPM Raflatac, will be leaving UPM to assume the role of President and CEO in the Finnish logistics and distribution company Posti Group Oyj. He will continue with his duties in UPM until the end of July 2024.

Her appointment increases the percentage of women directors on Interfor's Board, to 30%.

Mercer International Inc. announced that Jimmy Lee is stepping down as Executive Chairman and director of the Company for personal health reasons.

Through this expansion project, which received investments totaling $14.5 million and created 16 jobs, Kruger Products commissioned a new facial tissue converting line at its Richelieu Plant in November 2023. The additional equipment will increase the production of facial tissue by 25%.

The new Mumbai terminal, operational since February, will soon see the addition of another slitting machine. Its strategic central location extends UPM Raflatac's reach across the country.

Mercer Mass Timber, a subsidiary of Mercer International Inc., announced the launch of its mass timber erection division: Mercer Mass Timber Construction Services.