Management ChangeJun 22, 2026, 08:01 AM
Rayonier Advanced Materials Appoints Daniel Krawczyk as CEO
AI Summary
Rayonier Advanced Materials Inc. has appointed Daniel M. Krawczyk as its new Chief Executive Officer and President, effective June 22, 2026. Mr. Krawczyk will also join the Board of Directors as a Class III director. He brings extensive experience from Huber Engineered Materials, where he led growth and operational transformation. His compensation package includes a $1,000,000 annual base salary, a target 100% bonus, $3,300,000 in long-term incentives, a $750,000 sign-on bonus, and a $1,750,000 inducement award of leveraged performance units. The company emphasized that his appointment will further sharpen the focus on both business operations and the ongoing strategic review.
Key Highlights
- Daniel M. Krawczyk appointed Chief Executive Officer, President, and Class III director, effective June 22, 2026.
- Mr. Krawczyk will receive an annual base salary of $1,000,000.
- Eligible for an annual cash incentive program with a target bonus of 100% of base salary.
- Long-term incentive awards with a grant date value of $3,300,000, comprising RSUs, PSUs, and PCUs.
- Received a $750,000 sign-on bonus, paid in three equal installments over the first year.
- Granted an inducement award of leveraged performance units (LPUs) with a target of $1,750,000.
- Previously served as President of Huber Engineered Materials since November 2017.
- Company continues its comprehensive review of strategic alternatives to maximize shareholder value.
Price Impact
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