Rayonier Elects Thomas I. Morgan to Board of Directors
03 Janeiro 2012 - 7:30PM
Business Wire
Rayonier (NYSE:RYN) announced today that Thomas I. Morgan,
chairman and chief executive officer of Baker & Taylor, Inc.
has been elected to its board of directors. Baker & Taylor is a
leading distributor of books, videos, and music products to
libraries, institutions and retailers. Morgan previously served on
the Rayonier board from 2004 to 2008.
“Tom is a proven leader with broad experience across many
diverse businesses,” said Lee M. Thomas, chairman of the board of
Rayonier. “He knows Rayonier and our mission well, and we are
delighted to have Tom rejoin our board.”
Morgan was elected chairman and CEO of Baker & Taylor in
July 2008. He previously served as CEO of Hughes Supply, Inc. as
well as CEO at Enfo Trust. He also worked in roles of increasing
responsibility at S.P. Richards and Genuine Parts Company.
In addition to the Baker & Taylor board, Morgan serves on
the board at Tech Data Corp. Previously he was a director of Hughes
Supply, Inc., ITT Educational Services, Inc. and Waste Management,
Inc.
About Rayonier
Rayonier is a leading international forest products company with
three core businesses: Forest Resources, Real Estate and
Performance Fibers. The company owns, leases or manages 2.7 million
acres of timber and land in the United States and New Zealand. The
company's holdings include approximately 200,000 acres with
residential and commercial development potential along the
Interstate 95 corridor between Savannah, Ga., and Daytona Beach,
Fla. Its Performance Fibers business is one of the world's leading
producers of high-value specialty cellulose fibers, which are used
in products such as filters, pharmaceuticals and LCD screens.
Approximately 45 percent of the company's sales are outside the
U.S. to customers in approximately 40 countries. Rayonier is
structured as a real estate investment trust. More information is
available at www.rayonier.com.
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