Metsä Group’s Finnish sawmills will become part of the Group’s pulp industry Metsä Fibre in a group internal transaction. Until now, the sawmills have been part of the Group’s wood products industry Metsä Wood apart from the Svir sawmill in Russia which has already been part of Metsä Fibre. The transfer is expected to take place by the end of 2016. The transfer is done to fully utilize the industrial synergies between pulp production and sawmilling. Use of wood raw material and logistics costs can be optimized even better than so far in a combined entity. The transaction does not impact Metsä Group’s annual sales, operating result excluding non-recurring items or balance sheet ratios.
Weyerhaeuser Company (NYSE: WY) today announced the appointment of Devin W. Stockfish to vice president of Western Timberlands, and Kristy T. Harlan to senior vice president, general counsel and corporate secretary. Both changes will be effective January 1, 2017.
Stockfish currently serves as senior vice president, general counsel and corporate secretary. In his new role, he will lead the company’s Timberlands operations in Washington and Oregon. Stockfish will report to Rhonda D. Hunter, senior vice president of Timberlands.
“Devin is a proven leader who has been instrumental in transforming Weyerhaeuser into a focused timber, land, and forest products company,” said Doyle R. Simons, president and chief executive officer. “This move will further expand Devin’s operations expertise, and our Western Timberlands operations will benefit from his strategic insights and ability to deliver results as this business continues to sustainably meet the needs of our customers and drive value for our shareholders.”
Harlan joins Weyerhaeuser from the law firm of K&L Gates LLP, where she is a partner focusing on corporate, securities and business-related transactions, including securities offerings, mergers and acquisitions, financing, joint ventures and strategic alliances, and corporate governance. In her new role, she will lead the company’s Law department. Harlan will join the company as a senior vice president effective November 28, and assume her new role as general counsel and corporate secretary on January 1. She will report directly to Simons.
“Kristy’s extensive legal and business expertise will be a great asset to Weyerhaeuser,” said Simons. “I’m looking forward to the energy and insights she will bring to our legal team and to the company.”