Weyerhaeuser announced that its current CEO Doyle R. Simons has elected to retire, and its board of directors has appointed Devin W. Stockfish as president and chief executive officer, effective Jan. 1, 2019.
Stockfish, currently senior vice president of the company's Timberlands business, will join the company's board of directors on Jan. 1, 2019, at which point Simons will step down from the board and become senior advisor until his retirement on Apr. 1, 2019.
"In anticipation of this planned transition, the board conducted an extensive succession process and unanimously determined that Devin is the right leader to take this company to the next level," said Rick R. Holley, chairman of Weyerhaeuser's board of directors. "Devin has a proven ability to achieve results and an impressive breadth of experience that spans various industries. 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."
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 Jan. 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 Jan. 1, 2019. O'Rear currently leads the company's Wood Products Sales and Marketing organization.
Weyerhaeuser owns or controls more than 13 million acres of timberlands, located primarily in the United States. It also manages additional timberlands in Canada under long-term licenses.