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Portfolio & StrategyLeadership & Governance 30 Oct 2026

CMPC chief executive Ruiz-Tagle to step down in April 2027

Empresas CMPC said chief executive Francisco Ruiz-Tagle will step down at the end of April 2027, as the Chilean pulp, paper and wood products group sells assets at home and plans a large pulp mill in Brazil. In September CMPC agreed to sell its Chilean containerboard business to Smurfit Westrock for USD 420m, and in October it agreed to sell about 60,000 hectares of Chilean pine plantations to J.P. Morgan Natural Capital for USD 365.5m. A board committee has begun a formal search for his successor.

Why this mattersThe succession comes as CMPC exits Chilean containerboard and plantation assets and plans a 3m tonne a year Brazilian pulp mill, resetting the group's scale and focus.

  • Francisco Ruiz-Tagle will step down as CMPC chief executive at the end of April 2027
  • CMPC agreed in September 2026 to sell its Chilean containerboard business to Smurfit Westrock for USD 420m
  • CMPC agreed in October 2026 to sell about 60,000 hectares of Chilean pine plantations to J.P. Morgan Natural Capital for USD 365.5m
  • CMPC holds a preliminary licence for a new 3m tonne a year pulp mill in southern Brazil
  • He joined CMPC in 1991 and has been chief executive since 2018
  • A board committee has begun a formal search for Ruiz-Tagle's successor
Smurfit Westrock counterparty CMPC J.P. Morgan Natural Capital counterparty
Sources Lesprom Network
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-01 · Edited before publication: 'Eight years in the role' is not stated in the source. The plantation sale is an agreement, not a completed sale. The Brazil mill has a preliminary licence and is not yet a commitment. Materiality lowered to 3 because CMPC is a followed company, not a core one.
  • 2026-11-01 · Edited before publication: Source written in October; 'this month' would read as November in the 1 November edition. Replaced with October 2026.