Weyerhaeuser CEO and president Doyle R. Simons to retire in 2019
By P&PC Staff
By P&PC Staff
September 4, 2018 – Weyerhaeuser Company has announced that president and CEO Doyle R. Simons is retiring effective April 1, 2019. The board of directors has selected Devin W. Stockfish to succeed Simons.
Stockfish, currently senior vice-president of the company’s timberlands business, will join the company’s board of directors on January 1, 2019, at which point Simons will step down from the board and become senior advisor until his retirement date.
“Devin has a proven ability to achieve results and an impressive breadth of experience that spans various industries,” said Rick R. Holley, chairman of Weyerhaeuser’s board of directors. “We are excited about the energy and vision he will bring to this role as we continue to focus on industry-leading performance and disciplined capital allocation.”
“During his tenure as CEO, Doyle has done an outstanding job of focusing the business portfolio, driving improved performance, allocating capital, growing the company and building a strong leadership bench,” Holley continued. “On behalf of the board, I thank Doyle for his tremendous leadership and accomplishments, and wish him all the best in his well-deserved retirement.”
Simons said, “It’s been an honour to lead this company for the last five years, and I’m proud of the progress we made in positioning Weyerhaeuser for continued value creation with a streamlined portfolio, improved operational and financial performance and an incredibly talented leadership team. Building the next generation of leaders has been a key priority during my tenure as CEO and the board and I are confident Weyerhaeuser will continue to thrive under Devin’s leadership.”
As part of the leadership succession plan, the board of directors also announced the following appointments:
Adrian Blocker will succeed Stockfish as senior vice-president of timberlands, effective January 1, 2019. Blocker currently leads the company’s wood products business.
Keith O’Rear will succeed Blocker as senior vice-president of wood products, also effective January 1, 2019. O’Rear currently leads the company’s wood products sales and marketing organization.