Weyerhaeuser CEO to Defer Retirement Until 2009
May 4, 2006 - Weyerhaeuser Company yesterday said that Steven R. Rogel, chairman, president and chief executive officer, has agreed to defer his retirement until 2009 at the request of the board of directors. Rogel, 63, had intended to retire in 2007.
In making the request, the board said that Rogel's continued leadership while Weyerhaeuser implements its strategic plans would be in the best interest of shareholders and other stakeholders.
"I am honored by the board's request and look forward to continuing my work with our strong management team," Rogel said. "This team, along with the board, has developed a plan to achieve sustained, profitable performance; focused strategic growth; and return capital to shareholders. I look forward to effectively executing that plan."
Rogel joined Weyerhaeuser in 1997 as its president and chief executive officer and was elected chairman of the board in 1999.
SOURCE: Weyerhaeuser Company