The company said its board of directors was notified on November November 8, 2024 that Russell S. Hagen will retire as senior vice president and chief development officer effective December 31, 2024.

1. 01

   The company said its board of directors was notified on November November 8, 2024 that Russell S. Hagen will retire as senior vice president and chief development officer effective December 31, 2024.

2. 02

   Weyerhaeuser said Paul Hossain, currently vice president of Natural Resources and Climate Solutions, will succeed Hagen as senior vice president and chief development officer effective January 1, 2025.

3. 03

   The company said Hagen will remain as a strategic advisor during the leadership transition, with no changes to his current compensation arrangements. It said he will no longer qualify for executive benefits, including executive severance and change of control.

4. 04

   Hossain will oversee the Real Estate, Energy & Natural Resources segment, including the Natural Climate Solutions business, as well as Business Development, Acquisitions and Divestitures, the company said. It added that he joined Weyerhaeuser in 2016 through the Plum Creek merger.

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