FEDERAL WAY, Wash., April 8, 2016 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of Jim Kilberg as senior vice president, Real Estate, Energy and Natural Resources, effective April 11, 2016. He will become part of the company's senior management team and report to Doyle Simons, president and chief executive officer. Kilberg succeeds Tom Lindquist, who has decided to leave the company mid-year to pursue new business ventures.
"Jim is a proven, dynamic leader with extensive real estate expertise and tremendous credibility within the company and industry," Simons said. "I have full confidence that under Jim's leadership, our Real Estate, Energy and Natural Resources team will achieve our goal of delivering the most value from each of our 13 million acres of timberland."
Jim Kilberg is an experienced forest industry and real estate executive who served as senior vice president of the Real Estate, Energy and Natural Resources business of Plum Creek since 2003. He joined Weyerhaeuser with the merger in February 2016. Prior to Plum Creek, Kilberg held senior positions at Trammell Crow Company, Pep Boys and PepsiCo.
Tom Lindquist also joined Weyerhaeuser with the merger after serving as president and chief operating officer at Plum Creek since 2007. Prior to that role, he was executive vice president at Plum Creek since 2001.
"I want to thank Tom for working closely with me and other leaders to assemble an outstanding team with a strong mix of talent from both companies," Simons said. "Tom has a great track record of forming highly capable teams who know how to create value, and we will continue to build on that momentum. I am pleased that Tom has agreed to stay on until mid-year to complete a number of merger-related projects, and I wish him the best in his future endeavors."
"Weyerhaeuser has a very talented leadership team and a truly remarkable asset base," Lindquist said. "I'm honored to have been part of creating the world's premier timber, land and forest products company, and I look forward to Weyerhaeuser's continued success."
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control more than 13 million acres of timberlands, primarily in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood and cellulose fibers products. Our company is a real estate investment trust. In February 2016, we merged with Plum Creek Timber Company, Inc. In 2015, Weyerhaeuser and Plum Creek, on a combined basis, generated approximately $8.5 billion in net sales and employed nearly 14 thousand people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.
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SOURCE Weyerhaeuser Company