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Rayonier elects Lee Thomas as President, CEO

Feb. 28, 2007 - Rayonier said today that its Board of Directors has elected Lee M. Thomas to be president and CEO, effective March 1, 2007, succeeding Lee Nutter, who previously announced his plans to retire.

Thomas will also become chairman when Nutter retires from the Board June 30, 2007, the company said.

Thomas, 62, has been a member of Rayonier's Board of Directors since June 2, 2006. He was president and COO and on the Board of Directors of Georgia-Pacific Corp. from 2002 until his retirement December 31, 2005, following Georgia-Pacific's acquisition by Koch Industries.

During his 13-year career with Georgia-Pacific, Thomas held key executive positions overseeing wood products, pulp, paper and chemicals, and environmental and government affairs. Prior to Georgia-Pacific, he was Chairman and Chief Executive Officer of Law Companies Environmental Group Inc. from 1989-1993 and Administrator of the U.S. Environmental Protection Agency from 1985-1989.

Thomas serves on the boards of the Regal Entertainment Group, Airgas Inc. and the Federal Reserve Bank of Atlanta. He graduated from the University of the South and has a master's degree from the University of South Carolina.

SOURCE: Rayonier




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