Weyerhaeuser Company (NYSE: WY) today announced that Charles R. Williamson, 56, and D. Michael Steuert, 56, have been appointed to the company's board of directors. The board has not yet determined committee assignments for the new directors.
Williamson is the chairman and chief executive officer of Unocal Corporation and a member of the management committee. Steuert is senior vice president and chief financial officer for Fluor Corporation where he is responsible for the company's global financial processes.
"Chuck and Michael bring extensive knowledge and expertise to our board which will be important as Weyerhaeuser develops a larger global footprint while maintaining the financial stewardship that has been a hallmark of our company," said Steven R. Rogel, Weyerhaeuser chairman, president and chief operating officer. "In addition to his extensive knowledge of international operations, Chuck comes from a natural resources company and understands the importance of operating in an environmentally sound and sustainable manner. Because he works for an engineering and construction company, Michael has the skills and expertise necessary to maintain strong capital management in a capital intensive industry such as ours. We look forward to the contributions Chuck and Michael will make to our future growth."
Williamson was elected chief executive officer of Unocal in January 2001 and chairman in October 2001. Previously he was executive vice president, International Energy Operations. He was appointed to Unocal's board of directors in 1999. Williamson joined Unocal in 1977 and has held numerous management jobs including positions in the United Kingdom, Thailand and the Netherlands. He holds a doctorate in geology from the University of Texas at Austin.
Prior to joining Fluor in 2001 Steuert served as senior vice president and chief financial officer at Litton Industries Inc. He also held financial management positions at Gencorp Inc. and TRW Inc. Steuert earned both bachelors and masters degrees from Carnegie Mellon University and has attended post graduate training at Harvard University and the University of Pennsylvania Wharton School of Business.
Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2003, sales were $19.9 billion. It has offices or operations in 18 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/ .
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, firstname.lastname@example.org
SOURCE: Weyerhaeuser Company
CONTACT: media, Bruce Amundson, +1-253-924-3047, or analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company
Web site: http://www.weyerhaeuser.com/