Weyerhaeuser Names CEO

Weyerhaeuser Board Names Doyle Simon CEO:
Weyerhaeuser Co. (WY), one of the world's largest lumber companies, said Sunday that its board has named Doyle Simon as its new CEO, effective Aug. 1.

The company, based in Federal Way, Wash., also said that it signed a deal to buy Longview Timber LLC. for $2.65 billion from Brookfield Asset Management (BAM). And in a separate release, Weyerhaeuser said it was exploring strategic alternatives for its real estate company that could include a merger, a sale or spin-off of the business.
Simon, 49. who has been a director of Weyerhaeuser since February 2012 and was most recently CEO and chairman of International Paper (IP) subsidiary Temple-Inland, will succeed Dan Fulton, who turns 65 this year and will retire as planned. Fulton, who had been at the helm since 2008, will serve as executive vice chairman of the Weyerhaeuser board of directors until his retirement in October.