Rayonier announced that David Nunes will be retiring as Chief Executive Officer and a member of the board, effective 31 March 31, 2024. Pursuant to a multi-year succession planning process led by the Board of Directors, Mark McHugh, currently President and Chief Financial Officer, will become CEO and join the company’s Board at that time. Source: Timberbiz
“Serving as Rayonier’s CEO over the past nine years has been extremely fulfilling,” said Mr. Nunes. “We emerged from the spin-off of our specialty pulp manufacturing business to become the leading pure-play timber REIT, growing the size and quality of our timberland portfolio while also launching a successful real estate development business. I’m very proud of the culture that we’ve built at Rayonier and very excited about the growth opportunities that lie ahead for the company and its next generation of leadership.
“Mark’s strategic and financial acumen, as well as his diligence and integrity, have made him a valued partner to me over the years.
“I believe Rayonier is well positioned to prosper under his leadership.”
As part of the leadership transition, April Tice, currently Vice President and Chief Accounting Officer, will assume the position of Senior Vice President and Chief Financial Officer, effective 1 April 2024.
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.