Plum Creek Legacy News Releases

Plum Creek Names Tom Lindquist to Newly Created Position of Executive Vice President - Real Estate and Strategic Business Development

Nov 30, 2001

SEATTLE, Nov 30, 2001 (BUSINESS WIRE) -- Plum Creek Timber Company, Inc.(NYSE:PCL) named Tom Lindquist to the newly created post of Executive VicePresident - Real Estate and Strategic Business Development to oversee activitiesin the company's 7.8 million acre land portfolio.

Lindquist, previously Executive Vice President of Global Sales and CorporateAlliances at Trammell Crow Company, will report directly to Plum Creek Presidentand Chief Executive Officer Rick Holley.

Lindquist, 41, will have overall responsibility for Plum Creek's real estateportfolio and for developing opportunities in the company's holdings throughoutthe United States. During his sixteen-year career at Trammell Crow Company hehas been responsible for all phases of real estate development includingpartnership structuring and pre-development activity. Since 1996 he has heldvarious senior leadership roles in the Corporate Real Estate Services andOutsourcing businesses. In his current role, he also led strategic planningefforts in the Global Services Group for the implementation of new industryfocused business units. He has an MBA from Harvard University and a Bachelor ofBusiness Administration from the University of Washington.

"The creation of this new position and its high level of seniority underscoreour commitment to accelerating the growth of diverse revenue and profit streamsfrom Plum Creek's broad and sizable resource base," said Rick Holley. "Tom willbe responsible for identifying, positioning and capturing the full value ofselect properties in our land portfolio, and will lead the development andgrowth of an increasingly important segment of our business, natural resources.His strategic approach to real estate management and extensive structuringexperience will be invaluable as Plum Creek grows its real estate and othernon-timber businesses."

Plum Creek, a real estate investment trust, is one of the largest land owners inthe nation, with 7.8 million acres of timberlands in every major timber regionof the United States and nine wood product mills in the Northwest.

More information on Plum Creek Timber Co. may be accessed at:http://www.businesswire.com/cnn/pcl.shtml.

Note: A Photo is available at URL:http://www.businesswire.com/cgi-bin/photo.cgi?pw.113001/bb2

CONTACT:          Plum Creek Timber Company, Inc.                             John Hobb, 206/467-3628 or 800/858-5347                     or                                                         Plum Creek Timber Company, Inc.                             Bob Jirsa, 206/467-3626                                     www.plumcreek.com                         URL:              http://www.businesswire.comToday's News On The Net - Business Wire's full file on the Internetwith Hyperlinks to your home page.
Copyright (C) 2001 Business Wire.  All rights reserved.
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