Sylvamo (SLVM) Announces Suspension of Russian Operations
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Sylvamo to Suspend Russian Operations
March 7, 2022 2:00 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM) is beginning an orderly suspension of operations in Russia. The suspension will focus on employee and contractor safety and environmental stewardship. It will be conducted in a manner to allow a resumption of full operations in an environment consistent with the companys values.
We are suspending operations in Russia, said Jean-Michel Ribiéras, chairman and chief executive officer. We are appalled by the suffering and loss of lives in Ukraine, and we continue to hope for an immediate cease-fire agreement and diplomatic resolution.
The company... More
