Pope Resources Appoints Ringo CEO
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Pope Resources, Poulsbo, Wash., USA, this week announced that Thomas M. Ringo has been appointed the partnership's permanent CEO and a member of the board of directors. Ringo has been serving as the interim CEO since this past May 31, and has served as the partnership's CFO since 2000. He has been a member of the partnership's management since 1989.
Douglas Norberg, the partnership's lead director, said that "we are pleased to announce our selection of Tom to lead the organization. He has a thorough knowledge of the timber industry, and his experience with our real estate portfolio and fund investors is exceptional. We are fortunate to have an internal candidate of Tom's caliber."
Ringo will continue as the partnership's CFO until the board undertakes and completes a formal search for a permanent replacement to serve in that role.
Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 193,000 acres of timberland and development property in Washington, Oregon, and California, USA. It also manages, co-invests in, and consolidates three private equity timber funds, for which it earns management fees. The company and its predecessor companies have owned and managed timberlands and development properties for more than 160 years.
