An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
PotlatchDeltic Corporation (Nasdaq: PCH) announced the resignation of Jerry Richards, Vice President and Chief Financial Officer, effective April 19, 2023. Richards will assist in the transition until May 12, 2023. He has been with the company since 2013 and played a crucial role in its growth, including integrating Deltic Timber Corporation and CatchMark Timber Trust, Inc. The company will initiate a search for a new CFO, with Wayne Wasechek serving as Interim CFO and Chief Accounting Officer. Importantly, Richards' departure is not linked to any disputes over corporate strategy or financial disclosures. PotlatchDeltic is a leading REIT with nearly 2.2 million acres of timberland across several states and engages in sustainable forest management.
Positive
Jerry Richards significantly contributed to the company's growth and successful mergers.
PotlatchDeltic maintains a strong balance sheet post-Richards' departure.
Negative
The resignation of a key executive such as the CFO may create short-term uncertainty for investors.
SPOKANE, Wash.--(BUSINESS WIRE)--
PotlatchDeltic Corporation (Nasdaq: PCH) today announced that Jerry Richards will relocate to accept an opportunity with another company. Mr. Richards has resigned as the Company’s Vice President and Chief Financial Officer, effective April 19, 2023 and he will be focused on ensuring a smooth transition through his final day on May 12, 2023. Mr. Richards joined the Company in 2013.
“On behalf of our Board of Directors and everyone at PotlatchDeltic, I want to thank Jerry for his high character and financial leadership over the years. Jerry’s work has been fundamental to our growth, including the successful merger and integration of both Deltic Timber Corporation and CatchMark Timber Trust, Inc., and he is leaving us positioned with a strong balance sheet. We appreciate the lasting contributions Jerry has made to the Company and wish him well in his next role,” said Eric Cremers, President and Chief Executive Officer.
A formal search process for the selection of a new Chief Financial Officer will be initiated by the Company. Until that process concludes, Wayne Wasechek, Controller and Principal Accounting Officer, will serve as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, effective April 19, 2023.
Mr. Richards’ resignation is not the result of any dispute regarding the Company’s corporate strategy, financial statements, or disclosures.
About PotlatchDeltic
PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business, and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.
