Weyerhaeuser Appoints Paul Hossain as SVP & CDO Amid Leadership Transition
Portfolio - People | Nov 11, 2024 | EIN
Weyerhaeuser Company, a leader in the timberland and sustainable forestry industry, announced the appointment of Paul Hossain as senior vice president and chief development officer, effective January 2025. Hossain, who will succeed Russell Hagen, is set to oversee the company's Real Estate, Energy & Natural Resources segment, and Business Development, Acquisitions, and Divestitures. With over 18 years of experience in environmental and natural resource management, Hossain has played a vital role in the growth of the company's Natural Climate Solutions business. His new position will capitalize on his expertise in renewable energy and carbon capture projects. Russell Hagen, who is retiring at the end of 2024, will support the transition as a strategic advisor. Weyerhaeuser remains a prominent player in forestry and related sectors, owning vast timberland and leading in sustainable forestry, real estate, and climate solutions.
Sectors
- Forestry and Timberland Management
- Renewable Energy
- Real Estate
Geography
- United States – Weyerhaeuser is a major U.S. company with substantial timberland holdings in the country.
- Canada – The company manages significant timberlands under license in Canada.
Industry
- Forestry and Timberland Management – The article discusses Weyerhaeuser, a leading company in managing timberlands and sustainable forestry practices.
- Renewable Energy – Paul Hossain's role includes overseeing renewable energy development, making this sector relevant to the article.
- Real Estate – Weyerhaeuser's business includes significant real estate operations, as discussed in the appointment of Paul Hossain.
Financials
- $7.7 billion – Weyerhaeuser's net sales in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Weyerhaeuser Company | Company | Target Company | One of the world’s largest private owners of timberlands and a leader in sustainability and forest products. |
| Paul Hossain | Senior Vice President and Chief Development Officer | Person | Appointed as SVP and CDO at Weyerhaeuser, succeeding Russell Hagen, overseeing Real Estate and Natural Resources. |
| Russell Hagen | Retiring Executive | Person | Current SVP and CDO, retiring end 2024, will act as strategic advisor during transition. |
| Devin Stockfish | CEO | Person | President and CEO of Weyerhaeuser, plays a role in announcing the leadership transition. |