SEATTLE--(BUSINESS WIRE)--May. 6, 2009-- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced the company’s board of directors has elected John F. Morgan Sr. chairman of the board. Morgan will assume the duties of chairman immediately following today’s annual meeting of stockholders.
Morgan will replace Ian B. Davidson who is retiring from the board. Davidson served on Plum Creek’s board of directors since 1989 and in the capacity of chairman since 2005.
“Plum Creek is honored to have had Ian’s dedicated service for the past 20 years. His loyalty to Plum Creek and our employees is unparalleled and his contributions to our growth as a company have been many,” said Rick Holley, president and chief executive officer. “We’re looking forward to building on our past success under John’s capable guidance and leadership.”
Morgan owns and manages Morgan Timber, LLC, a private timberland and real estate management and development company. He previously held positions in general banking and public securities investment management with First Orlando Corporation (Sun Trust) and Citizens & Southern Corporation (Bank of America) and later helped found INVESCO Capital Management. He has served as a director of Plum Creek since November 2006.
Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information, visit www.plumcreek.com.
Source: Plum Creek Timber Company, Inc.
Plum Creek Timber Company, Inc.
John Hobbs, 1-800-858-5347
Robin Keegan, 1-888-467-3751