Ashlee Townsend Cribb has resigned as Executive Vice President, Wood Products, and will leave the role to take a CEO position with a privately owned specialty wood products manufacturer.
Rayonier
Company says stronger Real Estate results offset weak timber markets, with Southern pulpwood pricing down and Pacific Northwest harvest volumes lower year over year.
The merger will combine 4.2 million acres of timberland under the Rayonier name.
Real estate EBITDA rises to $74 million; outlook indicates full-year results at or above prior guidance while Pacific Northwest EBITDA falls 26%.
Combined company will control 4.2 million acres of timberland and 1.2 billion board feet in lumber capacity.