Rayonier Appoints Mark McHugh as Chief Financial Officer
10 Dezembro 2014 - 11:00AM
Business Wire
Company Further Enhances Management and
Operational Oversight with Appointment of H. Edwin Kiker to Newly
Created Role of Chief Accounting Officer
Rayonier Inc. (NYSE: RYN) today announced that Mark McHugh has
been appointed Senior Vice President and Chief Financial Officer,
effective December 12, 2014. McHugh succeeds H. Edwin Kiker, who is
transitioning to the newly created position of Chief Accounting
Officer, responsible for financial reporting, accounting
operations, and implementing and ensuring proper financial controls
and systems.
McHugh has 15 years of experience in finance and capital markets
focusing on the timberland and REIT sectors. He joins Rayonier from
Raymond James, where he served as Managing Director in the firm’s
Real Estate Investment Banking group and was responsible for the
firm’s timberland and agriculture sector coverage. Throughout his
career, McHugh has provided a wide range of strategic and financial
counsel to a variety of publicly traded paper, forest products and
real estate companies.
“Mark has been a valued advisor to Rayonier’s senior management
team in the months since the spin-off of the Performance Fibers
business, and we are pleased to welcome him to this new role,” said
David Nunes, Rayonier’s President and Chief Executive Officer.
“Mark’s strategic, financial, and industry expertise served us well
during our recent internal review and development of our realigned
strategy. We are confident that his continued insight and guidance
will further support our commitment to transparency
and accountability, and that he will be an excellent addition to
the senior team leading Rayonier going forward.”
Nunes added, “As a 12-year veteran of Rayonier, Ed has been an
invaluable resource to the company and our shareholders. I would
like to thank Ed for his effective leadership as our CFO and know
that he will bring the same dedication to this new role overseeing
our financial reporting, accounting operations and internal
controls. I look forward to Ed’s continued contributions as we move
forward and execute our strategy.”
About Mark McHugh
Prior to joining Raymond James in 2008, McHugh was a Director in
the Paper & Forest Products Group at Credit Suisse. He has
broad experience advising paper and forest products companies,
particularly timber REITs, on mergers, acquisitions, divestitures,
financings and other strategic matters. McHugh’s transaction
experience includes advising on the first-ever timber C-corp to
REIT conversion (Rayonier in 2003) and the first-ever timber REIT
initial public offering (CatchMark Timber Trust in 2013). Mr.
McHugh received his B.S.B.A. in Finance, summa cum laude,
from the University of Central Florida and his J.D. from
Harvard Law School.
Certain statements in this document regarding anticipated
financial, legal or other outcomes, including business and market
conditions, outlook and other similar statements relating to
Rayonier’s future events, developments or financial or operational
performance or results, are “forward-looking statements” made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws.
These forward-looking statements are identified by the use of words
such as “may,” “will,” “should,” “expect,” “estimate,” “believe,”
“intend,” “project,” “anticipate” and other similar language.
However, the absence of these or similar words or expressions does
not mean that a statement is not forward-looking. While management
believes that these forward-looking statements are reasonable when
made, forward-looking statements are not guarantees of future
performance or events and undue reliance should not be placed on
these statements
About Rayonier
Rayonier is a geographically diverse international land
resources company primarily engaged in timberland management and
the sale of real estate. As of September 30, 2014, Rayonier owned,
leased or managed approximately 2.6 million acres of timberlands
located in the U.S. and New Zealand. Rayonier is structured as a
real estate investment trust. More information is available at
www.rayonier.com.
RayonierInvestor:Ed Kiker, 904-357-9186orMedia:James Golden /
Mahmoud SiddigJoele Frank, Wilkinson Brimmer
Katcher212-355-4449
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