SEATTLE--(BUSINESS WIRE)--Oct. 4, 2005--Plum Creek Timber Company,Inc. (NYSE:PCL) named Larry Neilson to the newly created post ofSenior Vice President, Planning and Business Development.
Neilson, previously Vice President, Real Estate at Plum Creek,will report directly to Plum Creek President and Chief ExecutiveOfficer Rick Holley.
In his new position, Neilson, 46, will be responsible for thecompany's strategic planning and business development functions,including acquisitions, divestitures and joint venture structuring.
Neilson joined Plum Creek as Vice President, Real Estate in 2002.In this role, he oversaw land development, joint ventures withthird-party developers, and sales of unique properties. Prior tojoining Plum Creek, he served in a variety of real estate positions atMicrosoft Corporation including General Manager, Worldwide Real Estate& Facilities. He has also served as Vice President and Director ofFinance & Acquisitions for Skinner Development Company, and Director,Real Estate Acquisitions at Equitec Properties Company, a real estatesyndication firm. Neilson earned a bachelor of science degree inaccounting from Brigham Young University.
"Larry brings a wealth of planning and real estate experience tothis position and has proven his ability through his manycontributions to Plum Creek over the past several years," said RickHolley. "His background and experience will be invaluable as PlumCreek moves into the future."
Plum Creek (NYSE:PCL) is one of the largest private timberlandowners in the nation, with approximately 8 million acres oftimberlands in major timber producing regions of the United States and10 wood products manufacturing facilities in the Northwest.
MULTIMEDIA AVAILABLE:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4987835 CONTACT: Plum Creek Timber Company, Inc. Kathy Budinick, 206-467-3620 (Media) John Hobbs, 800-858-5347 (Investors) SOURCE: Plum Creek Timber Company, Inc.