"As former CEO and chairman of Temple-Inland, Doyle has a proven track record of driving performance to achieve results," said Chuck Williamson, chairman of Weyerhaeuser's board of directors. "He has deep experience in the forest products industry, broad business and functional expertise, and a passion for operational excellence. I know he will bring tremendous energy, vision, and leadership to Weyerhaeuser as the company continues to optimize its assets, increase efficiency, and pursue sustainable growth."
Simons was chairman and CEO of Temple-Inland from 2008 until February 2012 when it was acquired by International Paper. In 2009, he was selected by investment analysts as RISI's North American CEO of the Year in the paper and forest products industry for his leadership in delivering strong results in a challenging economic environment. He has served on the Weyerhaeuser board of directors since June 2012.
Fulton has been president of Weyerhaeuser since January 2008 and CEO since April 2008. Prior to that he was president and CEO of the company's wholly owned real estate subsidiary.
"For nearly six years, Dan has guided Weyerhaeuser with a steady hand through unprecedented economic turmoil and an extremely depressed housing market," Williamson said. "The strength of the company today is clear evidence of his adept leadership through a very challenging period. Dan also oversaw the company's conversion to a real estate investment trust — a change that has proven highly beneficial to Weyerhaeuser shareholders. I look forward to the continued value he will bring to the company as a board member during the transition period over the next several months, and I wish him well in his retirement."
In regard to Simons, Fulton said that "I've had the opportunity to get to know Doyle over the past year as a highly engaged member of our board. I'm excited to see him take the reins to lead Weyerhaeuser to the next level of performance. He has a strong and varied skill set, extensive industry knowledge, and deep respect for our company values. I know he'll do a fantastic job building upon the operational improvements we've made to ensure we take full advantage of the housing recovery, maximize the value of our assets, and continue to grow."
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