Rayonier Announces Leadership Succession Plan
01 Noviembre 2023 - 2:14PM
Business Wire
- Mark McHugh named President and CEO, effective April 1,
2024.
- Doug Long to serve as Executive Vice President and Chief
Resource Officer, as previously announced.
- April Tice, currently Chief Accounting Officer, named Senior
Vice President and Chief Financial Officer, effective April 1,
2024.
Rayonier Inc. (NYSE:RYN) today announced that David Nunes will
be retiring as Chief Executive Officer and a member of the Board,
effective March 31, 2024. Pursuant to a multi-year succession
planning process led by the Board of Directors, Mark McHugh,
currently President and Chief Financial Officer, will become CEO
and join the company’s Board at that time.
“Serving as Rayonier’s CEO over the past nine years has been
extremely fulfilling,” said Mr. Nunes. “We emerged from the
spin-off of our specialty pulp manufacturing business to become the
leading pure-play timber REIT, growing the size and quality of our
timberland portfolio while also launching a successful real estate
development business. I’m very proud of the culture that we’ve
built at Rayonier and very excited about the growth opportunities
that lie ahead for the company and its next generation of
leadership.”
“Mark’s strategic and financial acumen, as well as his diligence
and integrity, have made him a valued partner to me over the
years,” added Mr. Nunes. “I believe Rayonier is well positioned to
prosper under his leadership.”
Dod Fraser, Chairman of Rayonier’s Board of Directors, said, “On
behalf of the entire Board, I want to thank Dave for his many
contributions to Rayonier. He will leave behind a legacy of
steadfast leadership and dedication to our stakeholders. Dave has
also done an excellent job of preparing the next generation of
leaders at Rayonier, and the appointment of Mark is the result of a
well-constructed succession plan that has been a priority of the
Board for the last several years. Mark is a highly respected and
forward-thinking leader with a strong track record of effectively
allocating capital, executing on strategic growth opportunities,
and building relationships with our shareholders and other
stakeholders. We are excited about the future of the company under
his leadership.”
“I am honored that the Board has entrusted me to lead Rayonier
at this pivotal time for the company and broader industry,” said
Mr. McHugh. “As the only pure-play timber REIT, Rayonier is
uniquely positioned to create value for our shareholders with an
exceptional portfolio of timberlands and higher-and-better-use
landholdings, as well as a burgeoning Land-Based Solutions
business. I am extremely fortunate to be working alongside an
experienced team of talented executives, including our Executive
Vice President and Chief Resource Officer, Doug Long, who is
spearheading our Land-Based Solutions initiative. I look forward to
working closely with Doug and the rest of our outstanding senior
leadership team and employees to execute our long-term strategic
vision.”
As part of the leadership transition, April Tice, currently Vice
President and Chief Accounting Officer, will assume the position of
Senior Vice President and Chief Financial Officer, effective April
1, 2024. Mr. McHugh added, “April brings exceptional accounting
expertise, a deep understanding of Rayonier, and a demonstrated
track record of leadership that will translate to a seamless
transition for our finance organization. April is an excellent
addition to our senior leadership team, and I look forward to her
continued contributions to our success.”
Background on Mark McHugh
Mark McHugh was appointed President and Chief Financial Officer
in January 2023, having previously served as Senior Vice President
and Chief Financial Officer since joining Rayonier in December
2014. Mark has over 20 years of experience in finance and capital
markets, focused primarily on the forest products and REIT sectors.
He joined Rayonier from Raymond James, where he served as a
Managing Director in the firm’s Real Estate Investment Banking
group, responsible for the firm’s timberland and agriculture sector
coverage. Prior to Raymond James, Mark worked in the Investment
Banking Division of Credit Suisse in New York and Los Angeles from
2000 to 2008, focused on the paper and forest products sectors.
Mark holds a B.S.B.A in Finance from the University of Central
Florida and a JD from Harvard Law School.
Background on Doug Long
Doug Long was appointed Executive Vice President and Chief
Resource Officer in January 2023, having previously served as
Senior Vice President, Forest Resources since December 2015. Doug
oversees Rayonier’s global forestry operations as well as emerging
business opportunities associated with Land-Based Solutions. He
joined Rayonier in 1995 and has held multiple positions of
increasing responsibility within the forestry division. Doug holds
a Bachelor’s and Master’s degree in Forest Resources and
Conservation from the University of Florida.
Background on April Tice
April Tice was appointed Vice President and Chief Accounting
Officer in April 2021, having previously served as Vice President,
Financial Services and Corporate Controller. April joined Rayonier
in 2010 and has held multiple positions of increasing
responsibility within the finance and accounting departments. Prior
to joining Rayonier, she was an Audit Manager at Deloitte &
Touche. April holds a Bachelor of Fine Arts from Florida State
University and a Master of Accountancy with a tax concentration
from the University of North Florida, and is a Certified Public
Accountant in the State of Florida.
About Rayonier
Rayonier is a leading timberland real estate investment trust
with assets located in some of the most productive softwood timber
growing regions in the United States and New Zealand. As of
September 30, 2023, Rayonier owned or leased under long-term
agreements approximately 2.8 million acres of timberlands located
in the U.S. South (1.90 million acres), U.S. Pacific Northwest
(474,000 acres) and New Zealand (419,000 acres). More information
is available at www.rayonier.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101380145/en/
Investors: Collin Mings, investorrelations@rayonier.com,
904-357-9100 Media: Alejandro Barbero,
alejandro.barbero@rayonier.com
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