PotlatchDeltic Corporation’s Board of Directors announced that Eric J. Cremers, currently the company’s president and chief operating officer, has been appointed president and CEO, effective January 1, 2021. Michael J. Covey, who joined the company in 2006 as president and CEO, and who has served as chairman and CEO since 2007, will continue in his role as a director, serving as executive chairperson of the Board of Directors.
Cremers joined the company in 2007 as vice president and CFO, and has held various executive roles at the company, including serving as the company’s president and chief operating officer since 2013. He was appointed to the Board of Directors in 2013 and will continue to serve as a director. As chief operating officer, Cremers has had supervisory responsibility over the company’s Timberlands, Wood Products, and Real Estate business operations.
As a member of PotlatchDeltic’s leadership team for more than a decade, Cremers has played an integral role in the company’s business operations and strategy. He was instrumental in leading the company’s spin-off of Clearwater Paper Co. in 2008 and executing the company’s merger with Deltic Timber Corporation in 2018, creating a leading domestic timberland owner and top-tier wood products manufacturer. Cremers also serves as second vice-chairman of the American Wood Council board of directors, and as a director on the Softwood Lumber Board.
PotlatchDeltic is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.
