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{{Short description|American timberland company}}
{{Redirect|Weyco|the footwear company|Weyco Group}}
{{Redirect|Weyco|the footwear company|Weyco Group}}
{{other uses}}
{{other uses}}
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| name = Weyerhaeuser Company
| name = Weyerhaeuser Company
| logo = Weyerhaeuser.svg
| logo = Weyerhaeuser.svg
| logo_size = 200px
| logo_size =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{nyse|WY}}<br>[[S&P 500|S&P 500 Component]] |
| traded_as = {{nyse|WY}}<br>[[S&P 500|S&P 500 Component]] |
| foundation = {{start date and age|1900}}, [[Tacoma, Washington]], United States <ref>{{cite web|url=https://www.weyerhaeuser.com/company/history/|title=Weyerhaeuser Company History}}</ref>
| foundation = {{start date and age|1900}}, [[Tacoma, Washington]], U.S.<ref>{{cite web|url=https://www.weyerhaeuser.com/company/history/|title=Weyerhaeuser Company History}}</ref>
| founder = [[Friedrich Weyerhäuser]]
| founder = [[Friedrich Weyerhäuser]]
| location = [[Seattle, Washington]], USA
| location = [[Seattle, Washington]], U.S.
| key_people = Devin Stockfish ([[Chief executive officer|CEO]]) <ref>{{cite web|url=http://investor.weyerhaeuser.com/2018-08-27-Weyerhaeuser-to-implement-leadership-succession-plan|title=WEYERHAEUSER TO IMPLEMENT LEADERSHIP SUCCESSION PLAN|publisher=Weyerhaeuser|date=2018-08-27|accessdate=2019-07-17}}</ref>
| key_people = Devin Stockfish ([[Chief executive officer|CEO]]) <ref>{{cite web|url=http://investor.weyerhaeuser.com/2018-08-27-Weyerhaeuser-to-implement-leadership-succession-plan|title=WEYERHAEUSER TO IMPLEMENT LEADERSHIP SUCCESSION PLAN|publisher=Weyerhaeuser|date=2018-08-27|access-date=2019-07-17}}</ref>
| industry = [[Real estate investment trust]]
| industry = [[Real estate investment trust]]
| products = [[Forest product]]s
| products = [[Forest product]]s
| revenue = {{nowrap|{{increase}} [[US$]]7.20 billion <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| revenue = {{nowrap|{{increase}} US$10.18 billion <small>(2022)</small><ref name=MT2022>{{cite web|url=https://www.macrotrends.net/stocks/charts/WY/weyerhaeuser/financial-statements| title=Weyerhaeuser Financials 2009 - 2022 | website=macrotrends.net |date=February 6, 2023}}</ref>}}
| operating_income = {{nowrap|{{increase}} US$1.13 billion <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| operating_income = {{nowrap|{{increase}} US$3.08 billion <small>(2022)</small><ref name=MT2022/>}}
| net_income = {{nowrap|{{decrease}} US$582 million <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| net_income = {{nowrap|{{decrease}} US$1.88 billion <small>(2022)</small><ref name=MT2022/>}}
| assets = {{nowrap|{{decrease}} US$18.05 billion <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| assets = {{nowrap|{{decrease}} US$17.59 billion <small>(2022)</small><ref name=MT2022/>}}
| equity = {{nowrap|{{decrease}} US$8.90 billion <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| equity = {{nowrap|{{increase}} US$10.84 billion <small>(2022)</small><ref name=MT2022/>}}
| num_employees = {{nowrap|9,300 <small>(2017)</small><ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>}}
| num_employees = {{nowrap|{{decrease}} 9,214 <small>(2022)</small><ref>{{cite web|url=https://www.macrotrends.net/stocks/charts/WY/weyerhaeuser/number-of-employees| title=Weyerhaeuser: Number of Employees 2010-2022 | website=macrotrends.net |date=February 6, 2023}}</ref>}}
| subsid = [[De Queen and Eastern Railroad]], [[Texas, Oklahoma and Eastern Railroad]], [[Weyerhaeuser Real Estate Company]], Weyerhaeuser NR Co, Weyerhäuser Timber Company, [[Willamette Industries, Inc.]], [[Domtar]], Longview Timber, [[Plum Creek Timber]]
| homepage = [https://www.weyerhaeuser.com/ www.weyerhaeuser.com]
| homepage = [https://www.weyerhaeuser.com/ www.weyerhaeuser.com]
| module = {{infobox network service provider|child=yes|asn=22546}}
}}
}}


'''Weyerhaeuser Company''' is an American [[Forest|timberland]] company which owns nearly 12.4 million acres of timberlands in the U.S. and managing additional 14.0 million acres timberlands under long-term licenses in Canada.<ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K">{{cite web|url=http://edgar.secdatabase.com/1798/10653518000013/filing-main.htm |title=Weyerhaeuser Timber Company, Form 10-K, Annual Report, Filing Date Feb 16, 2018 |publisher=secdatabase.com |accessdate =May 13, 2018}}</ref> The company also manufactures [[wood]] products.<ref>{{Cite web|url=https://enbulletin.com/2018/12/17/weyerhaeuser-co-nysewy-stock-price-while-sentiment-crashed-to-0-86/|title=Weyerhaeuser Co (NYSE:WY) Stock Price While Sentiment Crashed to 0.86 – Enbulletin|last=40|language=en-US|access-date=2018-12-21}}</ref> Weyerhaeuser is a [[real estate investment trust]].<ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>
The '''Weyerhaeuser Company''' ({{IPAc-en|'|w|ɛə|h|aʊ|z|ə|r}}) is an American [[Forest|timberland]] company which owns nearly {{convert|12400000|acres|sqmi sqkm}} of timberlands in the U.S., and manages an additional {{convert|14000000|acres|sqmi sqkm}} of timberlands under long-term licenses in Canada.<ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K">{{cite web|url=http://edgar.secdatabase.com/1798/10653518000013/filing-main.htm |title=Weyerhaeuser Timber Company, Form 10-K, Annual Report, Filing Date Feb 16, 2018 |publisher=secdatabase.com |access-date =May 13, 2018}}</ref> The company has manufactured [[wood]] products for over a century.<ref>{{Cite web|url=https://enbulletin.com/2018/12/17/weyerhaeuser-co-nysewy-stock-price-while-sentiment-crashed-to-0-86/|title=Weyerhaeuser Co (NYSE:WY) Stock Price While Sentiment Crashed to 0.86 |website=Enbulletin |date=2018-12-17 |language=en-US|access-date=2018-12-21}}</ref> It operates as a [[real estate investment trust]] (REIT).<ref name="Weyerhaeuser-Timber-Company-Feb-2018-10-K"/>



==History==
==History==
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{{More citations needed section|date=September 2014}}
{{More citations needed section|date=September 2014}}
}}
}}
In 1904, after years of successful Mississippi River-based lumber and mill operations with [[Frederick Denkmann]] and others, [[Frederick Weyerhaeuser|Frederick Weyerhäuser]] moved west to fresh timber areas and founded the Weyerhäuser Timber Company. Fifteen partners and 900,000 acres (3,600&nbsp;km²) of [[Washington (state)|Washington]] timberland were involved in the founding,<ref>{{cite web | title = Weyerhaeuser in Brief | publisher = Weyerhaeuser | url = http://www.weyerhaeuser.com/aboutus/facts/WeyerhaeuserInBrief.pdf | accessdate = 2006-11-24 |archiveurl = https://web.archive.org/web/20061109055241/http://www.weyerhaeuser.com/aboutus/facts/WeyerhaeuserInBrief.pdf |archivedate = November 9, 2006}}</ref> and the land was purchased from [[James J. Hill]] of the [[Great Northern Railway (U.S.)|Great Northern Railway]].<ref>{{cite web | title = Weyerhaeuser makes one of the largest land purchases in United States history on January 3, 1900. | publisher = HistoryLink.org | url = http://www.historylink.org/essays/output.cfm?file_id=5241 | accessdate = 2007-08-23 }}</ref> In 1929, the company built what was then the world's largest sawmill in [[Longview, Washington]]. Weyerhäuser's pulp mill in Longview, which began production in 1931, sustained the company financially during the [[Great Depression]]. In 1959, the company eliminated the word "Timber" from its name to better reflect its operations. In 1965, Weyerhäuser built its first bleached [[kraft pulp]] mill in Canada. Weyerhäuser implemented its High Yield Forestry Plan in 1967 which drew upon 30 years of forestry research and field experience. It called for the planting of seedlings within one year of a harvest, [[fertilizer|soil fertilization]], thinning, rehabilitation of brushlands, and, eventually, genetic improvement of trees. In 1975 the company bought the 3,200 acres of land of the Northwest Landing and developed the town of DuPont using a [[New Urbanism]] model.<ref>{{citation |last=Veninga |first=Catherine |date=2004 |title=Spatial Prescriptions and Social Realities: New Urbanism and the Production of Northwest Landing |journal=Urban Geography |volume=25 |issue=4 |pages=458–482|doi=10.2747/0272-3638.25.5.458 }}</ref>
In 1904, after years of successful Mississippi River-based lumber and mill operations with [[Frederick Denkmann]] and others, [[Frederick Weyerhaeuser|Frederick Weyerhäuser]] moved west to fresh timber areas and founded the Weyerhäuser Timber Company. Fifteen partners and {{convert|900000|acres|sqmi sqkm}} of [[Washington (state)|Washington]] timberland were involved in the founding,<ref>{{cite web | title = Weyerhaeuser in Brief | publisher = Weyerhaeuser | url = http://www.weyerhaeuser.com/aboutus/facts/WeyerhaeuserInBrief.pdf | access-date = 2006-11-24 |archive-url = https://web.archive.org/web/20061109055241/http://www.weyerhaeuser.com/aboutus/facts/WeyerhaeuserInBrief.pdf |archive-date = November 9, 2006}}</ref> and the land was purchased from [[James J. Hill]] of the [[Great Northern Railway (U.S.)|Great Northern Railway]].<ref>{{cite web | title = Weyerhaeuser makes one of the largest land purchases in United States history on January 3, 1900 | publisher = HistoryLink.org | url = http://www.historylink.org/essays/output.cfm?file_id=5241 | access-date = 2007-08-23 }}</ref> In 1929, the company built what was then the world's largest sawmill in [[Longview, Washington]]. Weyerhaeuser's pulp mill in Longview, which began production in 1931, sustained the company financially during the [[Great Depression]]. In 1959, the company eliminated the word "Timber" from its name to better reflect its operations. In 1965, Weyerhaeuser built its first bleached [[kraft pulp]] mill in Canada. Weyerhaeuser implemented its High Yield Forestry Plan in 1967 which drew upon 30 years of forestry research and field experience. It called for the planting of seedlings within one year of a harvest, [[fertilizer|soil fertilization]], thinning, rehabilitation of brushlands, and, eventually, genetic improvement of trees. In 1975 the company bought the 3,200 acres of land of the Northwest Landing and developed the town of [[DuPont, Washington]] using a [[New Urbanism]] model.<ref>{{citation |last=Veninga |first=Catherine |date=2004 |title=Spatial Prescriptions and Social Realities: New Urbanism and the Production of Northwest Landing |journal=Urban Geography |volume=25 |issue=4 |pages=458–482|doi=10.2747/0272-3638.25.5.458 |s2cid=145225052 }}</ref>


Weyerhäuser consolidated its core businesses in the late 1990s and ended its services in [[mortgage bank]]ing, personal care products, financial services, and information systems consulting. Weyerhäuser also expanded into [[South America]], Australia, and [[Asia]]. In 1999, Weyerhäuser purchased [[MacMillan Bloedel Limited]], a large Canadian forestry company. Then in 2002 after a protracted hostile buyout, the company acquired [[Willamette Industries, Inc.]] of [[Portland, Oregon]].<ref>{{cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-18-2002/0001689036&EDATE=|title=Weyerhaeuser Welcomes Oregon Willamette Employees as Companies Combine to grow Global Leader|publisher=PR Newswire}}</ref> On August 23, 2006, Weyerhäuser announced a deal which spun off its fine paper business to be combined with [[Domtar]], a $3.3 billion cash and stock deal leaving Weyerhauser stock holders with 55 percent ownership of the new Domtar company.
Weyerhaeuser consolidated its core businesses in the late 1990s and ended its services in [[mortgage bank]]ing, personal care products, financial services, and information systems consulting. Weyerhaeuser also expanded into South America, Australia, and Asia. In 1999, Weyerhaeuser purchased [[MacMillan Bloedel Limited]], a large Canadian forestry company. Then in 2002 after a protracted hostile buyout, the company acquired [[Willamette Industries, Inc.]] of [[Portland, Oregon]].<ref>{{cite press release|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-18-2002/0001689036&EDATE=|title=Weyerhaeuser Welcomes Oregon Willamette Employees as Companies Combine to grow Global Leader|publisher=PR Newswire}}</ref> On August 23, 2006, Weyerhaeuser announced a deal which spun off its fine paper business to be combined with [[Domtar]], a $3.3 billion cash and stock deal leaving Weyerhaeuser stockholders with 55 percent ownership of the new Domtar company.


In March 2008, Weyerhäuser Company announced the sale of its Containerboard Packaging and Recycling business to [[International Paper]] for $6 billion in cash, subject to post closing adjustments. The transaction included nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling facilities. The transaction affected approximately 14,300 employees.<ref name="Weyerhaeuser-Timber-Company-Mar-2008-8-K">{{cite web|url=http://pdf.secdatabase.com/2714/0000950157-08-000227.pdf |title=Weyerhaeuser Timber Company, Form 8-K, Current Report, Filing Date Mar 20, 2008 |publisher=secdatabase.com |accessdate =May 13, 2018}}</ref> The deal closed on August 4, 2008.<ref name="Weyerhaeuser-Timber-Company-Aug-2008-10-Q">{{cite web|url=http://edgar.secdatabase.com/2735/119312508171313/filing-main.htm |title=Weyerhaeuser Timber Company, Form 10-Q, Quarterly Report, Filing Date Aug 8, 2008 |publisher=secdatabase.com |accessdate =May 13, 2018}}</ref>
In March 2008, Weyerhaeuser Company announced the sale of its containerboard packaging and recycling business to [[International Paper]] for $6 billion in cash, subject to post closing adjustments. The transaction included nine containerboard mills, 72 packaging locations, 10 specialty packaging plants, four craft bag and sack locations and 19 recycling facilities. The transaction affected approximately 14,300 employees.<ref name="Weyerhaeuser-Timber-Company-Mar-2008-8-K">{{cite web|url=http://pdf.secdatabase.com/2714/0000950157-08-000227.pdf |title=Weyerhaeuser Timber Company, Form 8-K, Current Report, Filing Date Mar 20, 2008 |publisher=secdatabase.com |access-date =May 13, 2018}}</ref> The deal closed on August 4, 2008.<ref name="Weyerhaeuser-Timber-Company-Aug-2008-10-Q">{{cite web|url=http://edgar.secdatabase.com/2735/119312508171313/filing-main.htm |title=Weyerhaeuser Timber Company, Form 10-Q, Quarterly Report, Filing Date Aug 8, 2008 |publisher=secdatabase.com |access-date =May 13, 2018}}</ref>


Weyerhäuser converted into a real estate investment trust to avoid all federal income taxes when it filed its 2010 tax return.<ref>Weyerhaeuser Declares Special Dividend, Marks Milestone in Planned REIT Conversion, http://investor.weyerhaeuser.com/2010-07-12-Weyerhaeuser-Declares-Special-Dividend-Marks-Milestone-in-Planned-REIT-Conversion</ref>
Weyerhaeuser converted into a [[real estate investment trust|REIT]] when it filed its 2010 tax return.<ref>Weyerhaeuser Declares Special Dividend, Marks Milestone in Planned REIT Conversion, http://investor.weyerhaeuser.com/2010-07-12-Weyerhaeuser-Declares-Special-Dividend-Marks-Milestone-in-Planned-REIT-Conversion</ref>


In 2013, Weyerhäuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. The acquisition added 645,000 acres of timberland to Weyerhaeuser's holdings in Oregon and Washington.<ref>{{cite web|url=http://seattletimes.com/html/businesstechnology/2021205925_weycolongviewxml.html |title=Weyerhaeuser pays $2.6B to snag Longview Timber |publisher=Seattle Times |date=2013-06-16 |accessdate=2014-05-26}}</ref>
In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from [[Brookfield Asset Management]]. The acquisition added {{convert|645000|acres|sqmi sqkm}} of timberland to Weyerhaeuser's holdings in Oregon and Washington.<ref>{{cite web|url=http://seattletimes.com/html/businesstechnology/2021205925_weycolongviewxml.html |title=Weyerhaeuser pays $2.6B to snag Longview Timber |publisher=Seattle Times |date=2013-06-16 |access-date=2014-05-26}}</ref>


In 2014, Weyerhäeuser spun off its home building unit to [[TRI Pointe Group|TRI Pointe Homes]] in a $2.8 billion transaction.<ref>{{cite web|url=https://blogs.wsj.com/moneybeat/2014/07/07/with-merger-closed-tri-pointe-homes-to-focus-on-expansion-new-services/ |title=With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services |publisher=The Wall Street Journal |date=2014-07-07 |accessdate=2014-07-13}}</ref> The company also announced its intention to sell its [[Federal Way, Washington|Federal Way]] headquarters and relocate to Seattle's [[Pioneer Square, Seattle|Pioneer Square]] in 2016.<ref>{{cite web|url=http://seattletimes.com/html/businesstechnology/2024394215_pioneersquarexml.html |title=Weyerhaeuser moving to Seattle's Pioneer Square |publisher=The Seattle Times |date=2014-08-26 |accessdate=2014-08-27}}</ref> The sale and move were completed in 2016.<ref>{{cite web|url=http://www.seattletimes.com/business/real-estate/weyerhaeuser-sets-down-in-urban-seattle-after-decades-in-federal-way/ |title=Weyerhaeuser sets down in urban Seattle after decades in Federal Way |publisher=The Seattle Times |date=2016-10-10 |accessdate=2016-10-10}}
In 2014, Weyerhaeuser spun off its home building unit to [[TRI Pointe Group|TRI Pointe Homes]] in a $2.8 billion transaction.<ref>{{cite web|url=https://blogs.wsj.com/moneybeat/2014/07/07/with-merger-closed-tri-pointe-homes-to-focus-on-expansion-new-services/ |title=With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services |publisher=The Wall Street Journal |date=2014-07-07 |access-date=2014-07-13}}</ref> The company also announced its intention to sell its [[Federal Way, Washington|Federal Way]] headquarters and relocate to Seattle's [[Pioneer Square, Seattle|Pioneer Square]] in 2016.<ref>{{cite web|url=http://seattletimes.com/html/businesstechnology/2024394215_pioneersquarexml.html |title=Weyerhaeuser moving to Seattle's Pioneer Square |publisher=The Seattle Times |date=2014-08-26 |access-date=2014-08-27}}</ref> The sale and move were completed in 2016.<ref>{{cite web|url=http://www.seattletimes.com/business/real-estate/weyerhaeuser-sets-down-in-urban-seattle-after-decades-in-federal-way/ |title=Weyerhaeuser sets down in urban Seattle after decades in Federal Way |publisher=The Seattle Times |date=2016-10-10 |access-date=2016-10-10}}
</ref>
</ref>


On November 8, 2015, it was announced that Weyerhäuser would buy [[Plum Creek Timber]] for $8.4 billion, forming the largest private owner of timberland in the United States.<ref>{{cite news |last=Bhatt |first=Sanjay |date=November 8, 2015 |title=Weyerhaeuser is buying Plum Creek for $8.4B to form timber giant |url=http://www.seattletimes.com/business/weyerhaeuser-plum-creek-to-combine-into-one-timber-giant/ |newspaper=[[The Seattle Times]] |accessdate=November 9, 2015}}</ref> The transaction closed on February 19, 2016.<ref>http://investor.weyerhaeuser.com/2016-02-19-Weyerhaeuser-completes-merger-with-Plum-Creek</ref> At the time of the merger the combined companies own about 13 million acres of timberlands.
On November 8, 2015, it was announced that Weyerhaeuser would buy [[Plum Creek Timber]] for $8.4 billion, forming the largest private owner of timberland in the United States.<ref>{{cite news |last=Bhatt |first=Sanjay |date=November 8, 2015 |title=Weyerhaeuser is buying Plum Creek for $8.4B to form timber giant |url=http://www.seattletimes.com/business/weyerhaeuser-plum-creek-to-combine-into-one-timber-giant/ |newspaper=[[The Seattle Times]] |access-date=November 9, 2015}}</ref> The transaction closed on February 19, 2016.<ref>{{Cite web|url=http://investor.weyerhaeuser.com/2016-02-19-Weyerhaeuser-completes-merger-with-Plum-Creek|title = Weyerhaeuser completes merger with Plum Creek - Feb 19, 2016}}</ref> At the time of the merger the combined companies own about {{convert|13000000|acres|sqmi sqkm}} of timberlands.{{cn|date=February 2023}}


In 2018, it won its [[Weyerhaeuser Company v. United States Fish and Wildlife Service|case]] in the Supreme Court regarding whether private land can be classified as critical habitat if the land is not currently suitable as habitat for the protected species.<ref>{{Cite web|url=https://www.supremecourt.gov/opinions/18pdf/17-71_omjp.pdf|title=WEYERHAEUSER CO. v. UNITED STATES FISH AND WILDLIFE SERVICE ET AL.|last=|first=|date=|website=|archive-url=|archive-date=|access-date=}}</ref>
In 2018, it won the [[Weyerhaeuser Company v. United States Fish and Wildlife Service]] case in the U.S. Supreme Court regarding whether private land can be classified as critical habitat if the land is not currently suitable as habitat for the protected species.<ref>{{Cite web|url=https://www.supremecourt.gov/opinions/18pdf/17-71_omjp.pdf|title=WEYERHAEUSER CO. v. UNITED STATES FISH AND WILDLIFE SERVICE ET AL.}}</ref>


==Operations==
==Operations==
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* [[Forest|Timberlands]]—growing and harvesting trees in renewable cycles.
* [[Forest|Timberlands]]—growing and harvesting trees in renewable cycles.
* [[Wood product]]s—manufacturing and distribution of building materials for homes and other structures.
* [[Wood product]]s—manufacturing and distribution of building materials for homes and other structures.
* [[Real estate]], energy and [[natural resource]]s<ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/106535/000010653517000007/wy-123116x10k.htm|website=2016 Annual Report}}</ref>—all surface and subsurface resources in timberlands that are worth more than the timber itself.
* [[Real estate]], energy and [[natural resource]]s<ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/106535/000010653517000007/wy-123116x10k.htm|website=2016 Annual Report|title=Document }}</ref>—all surface and subsurface resources in timberlands that are worth more than the timber itself.{{cn|date=February 2023}}


==Corporate governance==
==Corporate governance==
Devin Stockfish is the CEO and president of Weyerhaeuser Company. The Weyerhaeuser [[board of directors]] consists of: [[Mark Emmert]], Sara Grootwassink Lewis, Rick Holley, Nicole Piasecki, Marc Racicot, Lawrence Selzer, D. Michael Steuert, Devin Stockfish, Kim Williams and Charles Williamson.<ref>{{cite web|url=https://www.weyerhaeuser.com/company/leaders/board-directors/ |title=Weyerhaeuser Board of Directors |publisher=Weyerhaeuser.com |accessdate=2014-05-26}}</ref>
Devin Stockfish is the CEO and president of Weyerhaeuser Company. The Weyerhaeuser [[board of directors]] consists of: [[Mark Emmert]], Sara Grootwassink Lewis, Rick Holley, Deidra "Dee" Merriwether, Al Monaco, Nicole Piasecki, [[Marc Racicot]], Lawrence Selzer, D. Michael Steuert, Devin Stockfish, Kim Williams and Charles Williamson.<ref>{{cite web|url=https://www.weyerhaeuser.com/company/leaders/board-directors/ |title=Weyerhaeuser Board of Directors |publisher=Weyerhaeuser.com |access-date=2020-12-22}}</ref>

=== President ===
[[Friedrich Weyerhäuser]], 1900–1914<br>
John P. Weyerhaeuser, 1914–1928<br>
Frederick S. Bell, 1928–1934<br>
Frederick E. Weyerhaeuser, 1934–1945<br>
Horace H. Irvine, 1946–1947<br>
John P. Weyerhaeuser Jr., 1947–1956<br>
Frederick K. Weyerhaeuser, 1956–1960<br>
[[Norton Clapp|M. Norton Clapp]], 1960–1966<br>
George H. Weyerhaeuser, 1966–1991<br>
[[John W. Creighton Jr.]], 1991–1997<br>
[[Steven Rogel|Steven R. Rogel]], 1997–2008<br>
Daniel S. Fulton, 2008–2013<br>
Doyle R. Simons, 2013–2018<br>
Devin W. Stockfish, 2019–

=== Chairman of the Board ===
Frederick S. Bell, 1934–1938<br>
[[Laird Bell]], 1947–1955<br>
Frederick K. Weyerhaeuser, 1955–1957<br>
Norton Clapp, 1957–1960<br>
Frederick K. Weyerhaeuser, 1960–1966<br>
M. Norton Clapp, 1966–1970<br>
George H. Weyerhaeuser, 1988–1999


==References==
==References==
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== Further reading ==
== Further reading ==
*{{Cite book| publisher = Macmillan| last1 = Hidy| first1 = Ralph W| last2 = Hill| first2 = Frank Ernest| last3 = Nevins| first3 = Allan| title = Timber and Men: The Weyerhaeuser story| location = New York| date = 1963}}
*{{Cite book| publisher = Macmillan| last1 = Hidy| first1 = Ralph W| last2 = Hill| first2 = Frank Ernest| last3 = Nevins| first3 = Allan| title = Timber and Men: The Weyerhaeuser story| url = https://archive.org/details/timbermenweyerha0000ralp| url-access = registration| location = New York| date = 1963}}


==External links==
==External links==
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{{Weyerhaeuser}}
{{Weyerhaeuser}}
{{Seattle Corporations}}
{{Seattle Corporations}}

{{Authority control}}


[[Category:Weyerhaeuser| ]]
[[Category:Weyerhaeuser| ]]

Revision as of 03:46, 12 May 2024

"Weyco" redirects here. For the footwear company, see Weyco Group.
For other uses, see Weyerhaeuser (disambiguation).
Weyerhaeuser Company
Company typePublic
NYSE: WY
S&P 500 Component
IndustryReal estate investment trust
Founded1900; 124 years ago (1900), Tacoma, Washington, U.S.[1]
FounderFriedrich Weyerhäuser
HeadquartersSeattle, Washington, U.S.
Key people
Devin Stockfish (CEO) [2]
ProductsForest products
RevenueIncrease US$10.18 billion (2022)[3]
Increase US$3.08 billion (2022)[3]
Decrease US$1.88 billion (2022)[3]
Total assetsDecrease US$17.59 billion (2022)[3]
Total equityIncrease US$10.84 billion (2022)[3]
Number of employees
Decrease 9,214 (2022)[4]
SubsidiariesDe Queen and Eastern Railroad, Texas, Oklahoma and Eastern Railroad, Weyerhaeuser Real Estate Company, Weyerhaeuser NR Co, Weyerhäuser Timber Company, Willamette Industries, Inc., Domtar, Longview Timber, Plum Creek Timber
ASN
  • 22546
Websitewww.weyerhaeuser.com

The Weyerhaeuser Company (/ˈwɛərhaʊzər/) is an American timberland company which owns nearly 12,400,000 acres (19,400 sq mi; 50,000 km2) of timberlands in the U.S., and manages an additional 14,000,000 acres (22,000 sq mi; 57,000 km2) of timberlands under long-term licenses in Canada.[5] The company has manufactured wood products for over a century.[6] It operates as a real estate investment trust (REIT).[5]


History

In 1904, after years of successful Mississippi River-based lumber and mill operations with Frederick Denkmann and others, Frederick Weyerhäuser moved west to fresh timber areas and founded the Weyerhäuser Timber Company. Fifteen partners and 900,000 acres (1,400 sq mi; 3,600 km2) of Washington timberland were involved in the founding,[7] and the land was purchased from James J. Hill of the Great Northern Railway.[8] In 1929, the company built what was then the world's largest sawmill in Longview, Washington. Weyerhaeuser's pulp mill in Longview, which began production in 1931, sustained the company financially during the Great Depression. In 1959, the company eliminated the word "Timber" from its name to better reflect its operations. In 1965, Weyerhaeuser built its first bleached kraft pulp mill in Canada. Weyerhaeuser implemented its High Yield Forestry Plan in 1967 which drew upon 30 years of forestry research and field experience. It called for the planting of seedlings within one year of a harvest, soil fertilization, thinning, rehabilitation of brushlands, and, eventually, genetic improvement of trees. In 1975 the company bought the 3,200 acres of land of the Northwest Landing and developed the town of DuPont, Washington using a New Urbanism model.[9]

Weyerhaeuser consolidated its core businesses in the late 1990s and ended its services in mortgage banking, personal care products, financial services, and information systems consulting. Weyerhaeuser also expanded into South America, Australia, and Asia. In 1999, Weyerhaeuser purchased MacMillan Bloedel Limited, a large Canadian forestry company. Then in 2002 after a protracted hostile buyout, the company acquired Willamette Industries, Inc. of Portland, Oregon.[10] On August 23, 2006, Weyerhaeuser announced a deal which spun off its fine paper business to be combined with Domtar, a $3.3 billion cash and stock deal leaving Weyerhaeuser stockholders with 55 percent ownership of the new Domtar company.

In March 2008, Weyerhaeuser Company announced the sale of its containerboard packaging and recycling business to International Paper for $6 billion in cash, subject to post closing adjustments. The transaction included nine containerboard mills, 72 packaging locations, 10 specialty packaging plants, four craft bag and sack locations and 19 recycling facilities. The transaction affected approximately 14,300 employees.[11] The deal closed on August 4, 2008.[12]

Weyerhaeuser converted into a REIT when it filed its 2010 tax return.[13]

In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. The acquisition added 645,000 acres (1,008 sq mi; 2,610 km2) of timberland to Weyerhaeuser's holdings in Oregon and Washington.[14]

In 2014, Weyerhaeuser spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction.[15] The company also announced its intention to sell its Federal Way headquarters and relocate to Seattle's Pioneer Square in 2016.[16] The sale and move were completed in 2016.[17]

On November 8, 2015, it was announced that Weyerhaeuser would buy Plum Creek Timber for $8.4 billion, forming the largest private owner of timberland in the United States.[18] The transaction closed on February 19, 2016.[19] At the time of the merger the combined companies own about 13,000,000 acres (20,000 sq mi; 53,000 km2) of timberlands.[citation needed]

In 2018, it won the Weyerhaeuser Company v. United States Fish and Wildlife Service case in the U.S. Supreme Court regarding whether private land can be classified as critical habitat if the land is not currently suitable as habitat for the protected species.[20]

Operations

The company's operations are divided into three major business segments:

Corporate governance

Devin Stockfish is the CEO and president of Weyerhaeuser Company. The Weyerhaeuser board of directors consists of: Mark Emmert, Sara Grootwassink Lewis, Rick Holley, Deidra "Dee" Merriwether, Al Monaco, Nicole Piasecki, Marc Racicot, Lawrence Selzer, D. Michael Steuert, Devin Stockfish, Kim Williams and Charles Williamson.[22]

President

Friedrich Weyerhäuser, 1900–1914
John P. Weyerhaeuser, 1914–1928
Frederick S. Bell, 1928–1934
Frederick E. Weyerhaeuser, 1934–1945
Horace H. Irvine, 1946–1947
John P. Weyerhaeuser Jr., 1947–1956
Frederick K. Weyerhaeuser, 1956–1960
M. Norton Clapp, 1960–1966
George H. Weyerhaeuser, 1966–1991
John W. Creighton Jr., 1991–1997
Steven R. Rogel, 1997–2008
Daniel S. Fulton, 2008–2013
Doyle R. Simons, 2013–2018
Devin W. Stockfish, 2019–

Chairman of the Board

Frederick S. Bell, 1934–1938
Laird Bell, 1947–1955
Frederick K. Weyerhaeuser, 1955–1957
Norton Clapp, 1957–1960
Frederick K. Weyerhaeuser, 1960–1966
M. Norton Clapp, 1966–1970
George H. Weyerhaeuser, 1988–1999

References

  1. ^ "Weyerhaeuser Company History".
  2. ^ "WEYERHAEUSER TO IMPLEMENT LEADERSHIP SUCCESSION PLAN". Weyerhaeuser. 2018-08-27. Retrieved 2019-07-17.
  3. ^ a b c d e "Weyerhaeuser Financials 2009 - 2022". macrotrends.net. February 6, 2023.
  4. ^ "Weyerhaeuser: Number of Employees 2010-2022". macrotrends.net. February 6, 2023.
  5. ^ a b "Weyerhaeuser Timber Company, Form 10-K, Annual Report, Filing Date Feb 16, 2018". secdatabase.com. Retrieved May 13, 2018.
  6. ^ "Weyerhaeuser Co (NYSE:WY) Stock Price While Sentiment Crashed to 0.86". Enbulletin. 2018-12-17. Retrieved 2018-12-21.
  7. ^ "Weyerhaeuser in Brief" (PDF). Weyerhaeuser. Archived from the original (PDF) on November 9, 2006. Retrieved 2006-11-24.
  8. ^ "Weyerhaeuser makes one of the largest land purchases in United States history on January 3, 1900". HistoryLink.org. Retrieved 2007-08-23.
  9. ^ Veninga, Catherine (2004), "Spatial Prescriptions and Social Realities: New Urbanism and the Production of Northwest Landing", Urban Geography, 25 (4): 458–482, doi:10.2747/0272-3638.25.5.458, S2CID 145225052
  10. ^ "Weyerhaeuser Welcomes Oregon Willamette Employees as Companies Combine to grow Global Leader" (Press release). PR Newswire.
  11. ^ "Weyerhaeuser Timber Company, Form 8-K, Current Report, Filing Date Mar 20, 2008" (PDF). secdatabase.com. Retrieved May 13, 2018.
  12. ^ "Weyerhaeuser Timber Company, Form 10-Q, Quarterly Report, Filing Date Aug 8, 2008". secdatabase.com. Retrieved May 13, 2018.
  13. ^ Weyerhaeuser Declares Special Dividend, Marks Milestone in Planned REIT Conversion, http://investor.weyerhaeuser.com/2010-07-12-Weyerhaeuser-Declares-Special-Dividend-Marks-Milestone-in-Planned-REIT-Conversion
  14. ^ "Weyerhaeuser pays $2.6B to snag Longview Timber". Seattle Times. 2013-06-16. Retrieved 2014-05-26.
  15. ^ "With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services". The Wall Street Journal. 2014-07-07. Retrieved 2014-07-13.
  16. ^ "Weyerhaeuser moving to Seattle's Pioneer Square". The Seattle Times. 2014-08-26. Retrieved 2014-08-27.
  17. ^ "Weyerhaeuser sets down in urban Seattle after decades in Federal Way". The Seattle Times. 2016-10-10. Retrieved 2016-10-10.
  18. ^ Bhatt, Sanjay (November 8, 2015). "Weyerhaeuser is buying Plum Creek for $8.4B to form timber giant". The Seattle Times. Retrieved November 9, 2015.
  19. ^ "Weyerhaeuser completes merger with Plum Creek - Feb 19, 2016".
  20. ^ "WEYERHAEUSER CO. v. UNITED STATES FISH AND WILDLIFE SERVICE ET AL" (PDF).
  21. ^ "Document". 2016 Annual Report.
  22. ^ "Weyerhaeuser Board of Directors". Weyerhaeuser.com. Retrieved 2020-12-22.

Further reading

External links

  • Weyerhaeuser (official website)
  • Weyerhaeuser Company EDGAR Filing History
  • Business data for Weyerhaeuser:
  • Inventory of the Weyerhaeuser Company Records, 1864-2010 (Forest History Society)
  • Historical Annual Reports for Weyerhaeuser
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