Weyerhaeuser Exec Wins Global Ceo of the Year for Paper/Forest Industry
Press release from the issuing company
SAN FRANCISCO--October 5, 2001- According to Paperloop, Steven R. Rogel, chairman, president and chief executive officer of Weyerhaeuser Company (Federal Way, Washington), has been selected Global CEO of the Year by members of the financial community who follow the paper/forest products industry.
An independent survey conducted by Pulp & Paper and PPI magazines asked more than 350 security analysts, investment officers and portfolio managers to choose the CEO who made the greatest contribution to the growth, competitiveness and success of his company based on his strategic planning and execution, market focus and business results, as well as his industry leadership.
In announcing Mr. Rogel as the winner of the third-annual Pulp & Paper/PPI Global CEO of the Year Award, Will Mies, senior vice president of paperloop (publisher of Pulp & Paper and PPI), said Mr. Rogel will accept the award at a luncheon on Monday, November 5, 2001, at the Paper/Forest Products Global Outlook Conference (November 5-6), at the Crowne Plaza Manhattan in New York City.
The members of the financial community surveyed agreed that Weyerhaeuser's proposed acquisition of Willamette Industries, the acquisition and successful integration of MacMillan Bloedel and TJ International, and Steve Rogel's continuing record of consolidating market share, cutting costs, boosting margins and producing good earnings, were major factors in his selection. They note that Rogel's plan to grow Weyerhaeuser through acquisitions, and not through additions to capacity, will make the company and industry more stable and less cyclical. All of his acquisitions, they say, have created shareholder value.
One managing director of a securities firm said, "Rogel has earned the CEO award this year. He has been pursuing a strategy of consolidation. His acquisition of Willamette will fit like a glove. He's doing the right thing.'' A second director noted that, "Weyerhaeuser has done well under Rogel's leadership. He's making a fair bid for Willamette. Win, lose or draw, I wouldn't look at him negatively.''
Steven R. Rogel has spent 35 years in the paper and forest products industry. He was elected president and chief executive officer of Weyerhaeuser in 1997 and became chairman in 1999. He began his career with St. Regis Paper Company, where he worked from 1966 until 1970. From 1970 to 1972, he was assistant manager at St. Anne-Nackawic Pulp and Paper in Nackawic, N.B., Canada. He joined Willamette in 1972 as technical director at the company's operations in Albany, Oregon. He was named president and chief executive officer of Willamette in 1995, and served in that position until joining Weyerhaeuser in 1997. He serves on various boards, including the American Forest & Paper Association and the World Forestry Center. He is a director of the Kroger Company and Union Pacific Corporation.
Weyerhaeuser Company, one of the world's largest integrated forest products companies, had sales of more than $16 billion in 2000. It has offices or operations in 13 countries and customers worldwide. The company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of wood products, containerboard and uncoated free sheet paper, real estate development, construction, and related activities.
John Dillon, chairman and CEO of International Paper Co., Stamford, CT; received the award in 2000.
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