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Weyerhaeuser Announces Senior Management Changes

Thursday, February 14, 2002

Press release from the issuing company

FEDERAL WAY, Wash. -Feb. 13, 2002--Weyerhaeuser Company today announced changes to its Senior Management Team resulting from the long-planned retirement of Richard C. Gozon and the recent acquisition of Willamette Industries. The changes, effective Feb. 18, result in the promotion of two Weyerhaeuser executives and the addition of two former Willamette executives to the Weyerhaeuser leadership team. The Weyerhaeuser Board of Directors approved the changes today. Gozon, 63, who has served as executive vice president - Pulp, Paper and Packaging since joining Weyerhaeuser in 1994, will retire March 31 after delaying those plans until the Willamette acquisition was complete. Gozon will assist in the transition until he retires. "During his eight-year career at Weyerhaeuser, Dick Gozon has been integral to our success, and I have benefited from his counsel and support since I joined Weyerhaeuser four years ago,'' said Steven R. Rogel, chairman, president and chief executive officer. "Dick has been planning to retire and was gracious enough to remain on board until we completed the Willamette acquisition. As Dick retires, we are drawing upon the talent of both companies to continue building the global leader in our industry.'' Gozon's responsibilities will be split into two business groups: Containerboard Packaging and Recycling, and Pulp and Paper. James R. Keller, 51, becomes senior vice president, Containerboard Packaging and Recycling. He will be responsible for the operation of the containerboard, packaging and recycling facilities of the combined companies. With the addition of the Willamette operations, Weyerhaeuser becomes the third largest producer of containerboard and kraft products in the world. Michael R. Onustock, 61, joins Weyerhaeuser from Willamette and will serve as senior vice president, Pulp and White Paper. Onustock will be responsible for fine paper and pulp businesses. Weyerhaeuser is the world's largest producer of softwood market pulp and will become the world's second largest producer of uncoated freesheet paper with the Willamette acquisition. Another former Willamette executive -- Marvin D. Cooper -- will join Weyerhaeuser as senior vice president, Pulp, Paper, Containerboard Manufacturing and Engineering. Cooper, 58, will be responsible for the operation of the combined companies' pulp, paper and containerboard mills and will oversee the engineering operations of both companies. Weyerhaeuser also announced that Richard E. Hanson has been promoted to executive vice president, Timberlands. Hanson, 58, is responsible for more than 39 million acres of Weyerhaeuser managed forests worldwide. He has served as senior vice president, Timberlands since 1998.




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