Weyerhaeuser Announces Appointment of Deidra Merriwether to Board of Directors

Rhea-AI Summary

Weyerhaeuser Company (NYSE: WY) has appointed Deidra C. Merriwether, a senior vice president at Grainger, to its board of directors, effective immediately. This decision follows the upcoming retirement of a current board member in 2021. Merriwether, who has extensive experience in finance and customer relations, will bring valuable insight and leadership to the board. Her role at Grainger includes overseeing North American sales and managing significant responsibilities across Latin American and Canadian markets. This move aims to enhance Weyerhaeuser's strategic direction as a leading timberland owner and wood products manufacturer.

Positive

• Appointment of Deidra C. Merriwether expected to enhance board leadership with her expertise in finance and customer relations.
• Merriwether's experience at Grainger may strengthen Weyerhaeuser's market strategies and business relationships.

Negative

• Potential concerns regarding continuity as a board member retires and a new member is appointed.
• Merriwether's transition from Grainger to Weyerhaeuser could mean a learning curve for the new board member.

SEATTLE, Nov. 12, 2020 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of Deidra C. Merriwether, senior vice president of North American sales and services for W.W. Grainger, Inc., to the company's board of directors. Her appointment is effective immediately and will replace a retiring board member in 2021.

"We are very pleased to welcome Dee to the Weyerhaeuser board of directors," said Rick R. Holley, chairman of the board of directors. "Dee is a hands-on leader with a deep understanding of customers, finance and international supply chains, and she is adept at building relationships across organizations and industries. She brings exceptional leadership and experience to our board, as well as strong alignment with our core values."

With 2019 sales of $11.5 billion, Grainger is North America's leading broad line supplier of maintenance, repair and operating products, with operations primarily in North America, Japan and Europe. Merriwether leads the North American sales organization, which represents the largest portion of the overall Grainger business, and has full profit and loss responsibility for the company's Latin American and Canadian businesses. Her teams support more than 1.5 million customers across the manufacturing, government and healthcare segments, with a consistent focus on strengthening relationships and empowering customers to achieve success. She joined Grainger in 2013 after more than a decade in various leadership positions with the Sears Holdings Corporation.

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 2019, we generated $6.6 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

FAQ

Who is Deidra C. Merriwether and what is her role at Weyerhaeuser?

Deidra C. Merriwether is the newly appointed board member of Weyerhaeuser Company, previously serving as senior vice president at Grainger.

When does Deidra C. Merriwether's appointment to Weyerhaeuser's board become effective?

Her appointment is effective immediately.

What experience does Deidra C. Merriwether bring to Weyerhaeuser?

Merriwether has extensive experience in sales, finance, and international supply chains from her role at Grainger.

What is the impact of Merriwether's appointment on Weyerhaeuser?

Her expertise in customer relations and sales management is expected to strengthen Weyerhaeuser's market strategies and business growth.