Hossain to replace Russell Hagen,
who is retiring at the end of 2024
SEATTLE, Nov. 11,
2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE:
WY) today announced the appointment of Paul
Hossain as senior vice president and chief development
officer, effective January 1, 2025.
In this role, he will oversee the company's Real Estate, Energy
& Natural Resources segment, including its Natural Climate
Solutions business, as well as Business Development and
Acquisitions and Divestitures. Hossain currently serves as vice
president of Natural Resources and Climate Solutions for the
company. He will be taking over for Russell
Hagen, who is retiring at the end of 2024 but will serve as
a strategic advisor to support the leadership transition.
"Paul brings deep and diverse experience in environmental and
natural resource management, real estate and business development,
including more than 18 years in our industry," said Devin
Stockfish, president and chief executive officer. "Mostly recently,
he has played an instrumental role in building and scaling our
Natural Climate Solutions business — including driving significant
growth in renewable energy development and carbon capture and
sequestration projects on our land — and we look forward to his
expertise and strategic vision on the senior management team."
"This is a tremendous honor and opportunity," Hossain said. "We
have extensive expertise within our Corporate Development
organization, from real estate and A&D to business development,
conservation, forest carbon and renewable energy. And I'm excited
to leverage our unique advantages as a fully integrated forest
products company as we work to grow the value of our portfolio and
build on our positive climate impact at Weyerhaeuser."
"I also want to congratulate Russell on his retirement and thank
him for his outstanding leadership and contributions to our
company," Stockfish said. "Between his roles as chief financial
officer and leading our Corporate Development organization, Russell
has significantly elevated our internal capabilities at
Weyerhaeuser — particularly around portfolio analytics and climate
solutions — and we are grateful for all he has done to grow the
business and position us to capitalize on emerging opportunities
for our company."
ABOUT PAUL HOSSAIN
Paul Hossain joined Weyerhaeuser in
2016 through a merger with Plum Creek, and he has more than three
decades of experience in management, business development and
engineering. At Weyerhaeuser, Hossain has held a series of
progressive leadership roles in natural resources, energy, real
estate and climate solutions — most recently overseeing the
development of energy, minerals, and carbon capture and
sequestration projects within the company's Corporate Development
organization. Hossain is a registered Professional Engineer and a
Board-Certified Environmental Engineer, and he serves on the board
of the U.S. Endowment for Forestry and Communities. He earned a
bachelor of science in civil engineering from Northeastern University, and he also completed
executive management programs at the University of Washington and Emory University.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began operations in
1900 and today owns or controls approximately 10.5 million acres of
timberlands in the U.S., as well as 14 million acres of timberlands
managed under long-term licenses in Canada. Weyerhaeuser has been a global leader
in sustainability for more than a century and manages 100 percent
of its timberlands on a fully sustainable basis in compliance with
internationally recognized sustainable forestry standards.
Weyerhaeuser is also one of the largest manufacturers of wood
products in North America and
operates additional business lines around real estate, climate
solutions, energy and natural resources, among others. In 2023, the
company generated $7.7 billion in net
sales and employed approximately 9,300 people who serve customers
worldwide. Operated as a real estate investment trust,
Weyerhaeuser's common stock trades on the New York Stock Exchange
under the symbol WY. Learn more at www.weyerhaeuser.com.
For more information contact:
Weyerhaeuser
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson,
919-861-0342
View original content to download
multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-appoints-paul-hossain-as-senior-vice-president-and-chief-development-officer-302300873.html
SOURCE Weyerhaeuser Company