Weyerhaeuser Declares Leadership and Organizational Changes

SEATTLE (Scrap Monster): Weyerhaeuser Company announced major changes to its leadership and organizational structure. The changes are aimed at enhancing the company’s long-term value of its timberlands portfolio.

According to company press release, Russell Hagen will become senior vice president and chief development officer. He will be in charge of the company's Real Estate, Energy & Natural Resources segment and its Acquisitions and Divestitures and Business Development teams. Hagen is currently the company’s senior vice president and chief financial officer. The company will immediately begin the search for a new CEO.

Also, Jim Kilberg, senior vice president of Real Estate, Energy and Natural Resources will retire from his position in early next year, as announced before.

The new structure will ensure increased collaboration among the Real Estate, A&D, ENR and Business Development teams. Also, it will further enhance Weyerhaeuser’s ability to maximise the value of its assets and take full advantage of the new business opportunities as they arise.

Devin Stockfish, president and chief executive officer noted that creation of an end-to-end portfolio management team will build on the strong partnership established over the past several years. Further, he acknowledged that the company has immensely benefited from Jim’s significant experience and passionate leadership.

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