FEDERAL WAY, Wash.--(Business Wire)--
Weyerhaeuser Company (NYSE:WY) today announced that Wayne W. Murdy, 64, will
join the board of directors effective Jan. 15 following the planned retirement
of Rt. Hon. Donald F. Mazankowski, 73, later this month.
"Wayne Murdy`s background in finance, natural resource management and
international business complements the skills and experience of an already
outstanding board," said Steven R. Rogel, chairman. "Wayne`s experience and
insight will be critical as our company works to unlock all the potential
revenue sources from our vast timber and land holdings. We look forward to the
contributions Wayne will make to our future growth."
Murdy served as chairman and chief executive officer of Newmont Mining
Corporation until his retirement in 2007. He had been CEO since 2001. Before
joining Newmont in 1992 as chief financial officer, Murdy spent 15 years serving
in senior financial positions in the oil and gas industry, including positions
with Apache Corporation and Getty Oil Company. He also is a director of Qwest
Communications International, Inc.
"I would also like to thank Don Mazankowski for his outstanding service to our
board and shareholders," Rogel said. "His extensive leadership experience served
us well as we worked through critical issues such as the softwood lumber
agreement between the United States and Canada. Don brought an international
viewpoint to the board and was a strong representative of all our stakeholders.
We will miss his counsel and I know the board joins me in wishing him the very
best."
Mazankowski has been a director since 1997. He was a Member of Parliament in
Canada from 1968 to 1993, served as the Deputy Prime Minister from 1986 to 1993
and was Minister of Finance from 1991 to 1993. A business consultant,
Mazankowski also serves as a director of the Power Group of Companies,
Great-West Lifeco, Inc., IGM Financial, Inc., Canadian Oil Sands Trust and Atco
Ltd.
Weyerhaeuser Company, one of the world`s largest forest products companies, was
incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or
operations in 13 countries, with customers worldwide. Weyerhaeuser is
principally engaged in the growing and harvesting of timber; the manufacture,
distribution and sale of forest products; and real estate construction,
development and related activities. Additional information about Weyerhaeuser`s
businesses, products and practices is available at http://www.weyerhaeuser.com.
Weyerhaeuser Company
Media - Bruce Amundson, 253-924-3047
Analysts - Kathryn McAuley, 253-924-2058
Copyright Business Wire 2009
