Rayonier has hired Frank Ruperto as senior VP 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 has about 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.
“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.”
Rayonier is an international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers.