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Weyerhaeuser Appoints Paul Hossain as Senior Vice President and Chief Development Officer

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Weyerhaeuser (NYSE: WY) has announced the appointment of Paul Hossain as Senior Vice President and Chief Development Officer, effective January 1, 2025. Hossain will oversee the company's Real Estate, Energy & Natural Resources segment, including its Natural Climate Solutions business, as well as Business Development and Acquisitions and Divestitures. He is currently the VP of Natural Resources and Climate Solutions. Hossain will succeed Russell Hagen, who is retiring at the end of 2024 but will remain as a strategic advisor during the transition. CEO Devin Stockfish praised Hossain's 18 years of industry experience and significant contributions to the company's growth in renewable energy and carbon capture projects. Hossain expressed excitement about leveraging the company's integrated forest products capabilities to grow the portfolio's value and enhance the company's positive climate impact.

Weyerhaeuser (NYSE: WY) ha annunciato la nomina di Paul Hossain come Senior Vice President e Chief Development Officer, con effetto dal 1° gennaio 2025. Hossain avrà la responsabilità del segmento Immobiliare, Energia e Risorse Naturali dell'azienda, compreso il suo business sulle Soluzioni Climatiche Naturali, oltre allo Sviluppo Commerciale e alle Acquisizioni e Disinvestimenti. Attualmente è VP delle Risorse Naturali e delle Soluzioni Climatiche. Hossain succederà a Russell Hagen, che andrà in pensione alla fine del 2024, ma rimarrà come consulente strategico durante la transizione. Il CEO Devin Stockfish ha elogiato i 18 anni di esperienza di Hossain nel settore e i significativi contributi alla crescita dell'azienda nei progetti di energia rinnovabile e cattura del carbonio. Hossain ha espresso entusiasmo nell'utilizzare le capacità integrate dei prodotti forestali dell'azienda per aumentare il valore del portafoglio e migliorare l'impatto positivo dell'azienda sul clima.

Weyerhaeuser (NYSE: WY) ha anunciado el nombramiento de Paul Hossain como Vicepresidente Senior y Director de Desarrollo, con efecto el 1 de enero de 2025. Hossain supervisará el segmento de Bienes Raíces, Energía y Recursos Naturales de la compañía, incluidos los negocios de Soluciones Climáticas Naturales, así como el Desarrollo de Negocios y las Adquisiciones y Desinversiones. Actualmente es el VP de Recursos Naturales y Soluciones Climáticas. Hossain sucederá a Russell Hagen, quien se retirará a fines de 2024 pero permanecerá como asesor estratégico durante la transición. El CEO Devin Stockfish elogió los 18 años de experiencia de Hossain en la industria y sus contribuciones significativas al crecimiento de la compañía en proyectos de energía renovable y captura de carbono. Hossain expresó su entusiasmo por aprovechar las capacidades integradas de productos forestales de la compañía para aumentar el valor del portafolio y mejorar el impacto climático positivo de la empresa.

웨이어하우저 (NYSE: WY)는 폴 호세인수석 부사장 겸 개발 책임자로 임명했다고 발표했습니다. 임기는 2025년 1월 1일부터 시작됩니다. 호세인은 회사의 부동산, 에너지 및 천연 자원 부문을 총괄하며, 자연 기후 솔루션 비즈니스와 사업 개발, 인수 및 매각도 관리하게 됩니다. 현재 그는 천연 자원 및 기후 솔루션 부사장으로 재직 중입니다. 호세인은 러셀 헤이건의 후임자로, 헤이건은 2024년 말에 은퇴하지만 전환 기간 동안 전략 고문으로 남을 것입니다. CEO 데빈 스톡피시는 호세인의 18년 업계 경험과 재생 에너지 및 탄소 포집 프로젝트에 대한 중요한 기여를 높이 평가했습니다. 호세인은 회사의 통합된 산림 제품 능력을 활용해 포트폴리오 가치를 증대시키고 긍정적인 기후 영향을 향상시키는 것에 대한 기대감을 표명했습니다.

Weyerhaeuser (NYSE: WY) a annoncé la nomination de Paul Hossain en tant que Vice-Président Senior et Directeur du Développement, prenant effet le 1er janvier 2025. Hossain sera responsable du segment Immobilier, Énergie et Ressources Naturelles de l'entreprise, y compris son activité de Solutions Climatiques Naturelles, ainsi que du Développement Commercial et des Acquisitions et Cessions. Actuellement, il est VP des Ressources Naturelles et des Solutions Climatiques. Hossain succédera à Russell Hagen, qui prend sa retraite à la fin de 2024 mais restera comme conseiller stratégique pendant la transition. Le PDG Devin Stockfish a salué les 18 années d'expérience de Hossain dans le secteur et ses contributions significatives à la croissance de l'entreprise dans les projets d'énergie renouvelable et de capture du carbone. Hossain a exprimé son enthousiasme à utiliser les capacités intégrées des produits forestiers de l'entreprise pour accroître la valeur du portefeuille et améliorer l'impact positif de l'entreprise sur le climat.

Weyerhaeuser (NYSE: WY) hat die Ernennung von Paul Hossain zum Senior Vice President und Chief Development Officer mit Wirkung zum 1. Januar 2025 bekannt gegeben. Hossain wird die Immobilien-, Energie- und Ressourcen-Abteilung des Unternehmens leiten, einschließlich des Geschäfts für natürliche Klimaschutzlösungen sowie der Geschäftsentwicklung und der Übernahmen und Veräußerungen. Derzeit ist er VP für natürliche Ressourcen und Klimaschutzlösungen. Hossain wird Russell Hagen nachfolgen, der Ende 2024 in den Ruhestand geht, aber während des Übergangs als strategischer Berater bleiben wird. CEO Devin Stockfish lobte Hossains 18-jährige Branchenerfahrung und seinen wesentlichen Beitrag zum Wachstum des Unternehmens im Bereich erneuerbarer Energien und CO2-Abscheidung. Hossain äußerte seine Begeisterung, die integrierten Fähigkeiten des Unternehmens im Bereich Forstprodukte zu nutzen, um den Wert des Portfolios zu steigern und die positive Klimawirkung des Unternehmens zu verbessern.

Positive
  • Appointment of Paul Hossain as Senior VP and Chief Development Officer, indicating strong leadership continuity.
  • Hossain's extensive experience and successful track record in renewable energy and carbon capture projects.
  • Strategic transition with Russell Hagen supporting as an advisor, ensuring smooth leadership change.
Negative
  • Retirement of Russell Hagen, a key leader with significant contributions to the company's growth and internal capabilities.

Hossain to replace Russell Hagen, who is retiring at the end of 2024

SEATTLE, Nov. 11, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of Paul Hossain as senior vice president and chief development officer, effective January 1, 2025. In this role, he will oversee the company's Real Estate, Energy & Natural Resources segment, including its Natural Climate Solutions business, as well as Business Development and Acquisitions and Divestitures. Hossain currently serves as vice president of Natural Resources and Climate Solutions for the company. He will be taking over for Russell Hagen, who is retiring at the end of 2024 but will serve as a strategic advisor to support the leadership transition.  

"Paul brings deep and diverse experience in environmental and natural resource management, real estate and business development, including more than 18 years in our industry," said Devin Stockfish, president and chief executive officer. "Mostly recently, he has played an instrumental role in building and scaling our Natural Climate Solutions business — including driving significant growth in renewable energy development and carbon capture and sequestration projects on our land — and we look forward to his expertise and strategic vision on the senior management team."

"This is a tremendous honor and opportunity," Hossain said. "We have extensive expertise within our Corporate Development organization, from real estate and A&D to business development, conservation, forest carbon and renewable energy. And I'm excited to leverage our unique advantages as a fully integrated forest products company as we work to grow the value of our portfolio and build on our positive climate impact at Weyerhaeuser."  

"I also want to congratulate Russell on his retirement and thank him for his outstanding leadership and contributions to our company," Stockfish said. "Between his roles as chief financial officer and leading our Corporate Development organization, Russell has significantly elevated our internal capabilities at Weyerhaeuser — particularly around portfolio analytics and climate solutions — and we are grateful for all he has done to grow the business and position us to capitalize on emerging opportunities for our company."   

ABOUT PAUL HOSSAIN
Paul Hossain joined Weyerhaeuser in 2016 through a merger with Plum Creek, and he has more than three decades of experience in management, business development and engineering. At Weyerhaeuser, Hossain has held a series of progressive leadership roles in natural resources, energy, real estate and climate solutions — most recently overseeing the development of energy, minerals, and carbon capture and sequestration projects within the company's Corporate Development organization. Hossain is a registered Professional Engineer and a Board-Certified Environmental Engineer, and he serves on the board of the U.S. Endowment for Forestry and Communities. He earned a bachelor of science in civil engineering from Northeastern University, and he also completed executive management programs at the University of Washington and Emory University.

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.5 million acres of timberlands in the U.S., as well as 14 million acres of timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around real estate, climate solutions, energy and natural resources, among others. In 2023, the company generated $7.7 billion in net sales and employed approximately 9,300 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

For more information contact:

Weyerhaeuser
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company

FAQ

When will Paul Hossain become Senior Vice President and Chief Development Officer?

Paul Hossain will assume the role of Senior Vice President and Chief Development Officer on January 1, 2025.

What segments will Paul Hossain oversee at Weyerhaeuser?

Paul Hossain will oversee the Real Estate, Energy & Natural Resources segment, including the Natural Climate Solutions business, Business Development, and Acquisitions and Divestitures.

Who is Paul Hossain replacing at Weyerhaeuser?

Paul Hossain is replacing Russell Hagen, who is retiring at the end of 2024.

What has been Paul Hossain's role at Weyerhaeuser before this appointment?

Paul Hossain currently serves as Vice President of Natural Resources and Climate Solutions.

How will Russell Hagen support the leadership transition at Weyerhaeuser?

Russell Hagen will serve as a strategic advisor to support the leadership transition until his retirement at the end of 2024.

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