SEATTLE, Feb. 17, 2021 /PRNewswire/
-- Weyerhaeuser Company (NYSE: WY) today announced
the appointment of Nancy S. Loewe as
senior vice president and chief financial officer, effective
March 8, 2021. Loewe joins
Weyerhaeuser from Visa, where she served as senior vice president
of finance, and she brings more than 20 years of financial and
operating experience across multiple industries. Her appointment
follows the company's previous announcement that Russell Hagen is taking on a new role as senior
vice president and chief development officer, overseeing the
company's Real Estate, Energy & Natural Resources segment, as
well as Business Development and Acquisitions and Divestitures.
"We are thrilled to welcome Nancy as our chief financial
officer," said Devin W. Stockfish, president and chief
executive officer. "Nancy has a strong track record of leadership
in finance, strategy and operations, both in the U.S. and
internationally. Weyerhaeuser will benefit from her broad industry
experience, from consumer-facing brands to paper products
manufacturing, and we're excited for the energy and expertise she
will bring to our leadership team and company."
"This is an incredible opportunity to join a talented team and
workforce," said Loewe. "Weyerhaeuser has been an industry leader
in sustainable forestry for more than a century, and I'm excited to
help build on our history and performance in the years ahead."
ABOUT NANCY LOEWE
Nancy
S. Loewe was most recently senior vice president of finance
for Visa, Inc. Previously, she was chief financial officer for
Kimberly-Clark International, after having served as chief strategy
officer and global treasurer for Kimberly-Clark Corporation. Prior
to that, Loewe was executive vice president and chief financial
officer for PepsiCo's Frito-Lay North
America business unit. She also served in a number of senior
finance roles during her two-decade tenure with General Electric
Company, including chief financial officer for the Consumer &
Industrial, Plastics Asia, and Healthcare Services business
units.
Loewe earned an MBA from the Cox School of Business at
Southern Methodist University, and a
Bachelor of Business Administration in general business and finance
from the University of Massachusetts
Amherst. She is a director for Cinemark Holdings, Inc. and
also serves on the board of the Cox School of Business.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began
operations in 1900. We own or control approximately 11 million
acres of timberlands in the U.S. and manage additional timberlands
under long-term licenses in Canada. We manage these timberlands on
a sustainable basis in compliance with internationally
recognized forestry standards. We are also one of the largest
manufacturers of wood products in America. Our company is
a real estate investment trust. In 2020, we
generated $7.5 billion in net sales and employed
approximately 9,400 people who serve customers worldwide. We are
listed on the Dow Jones Sustainability North America Index. Our
common stock trades on the New York Stock Exchange under the symbol
WY. Learn more at www.weyerhaeuser.com.
For more information contact:
Analysts – Beth Baum,
206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company