Mr. Fraser has been President of consulting firm Sackett Partners since 2000. From 1995 to 2000, Mr. Fraser served as Managing Director and Group Executive, Global Oil and Gas, for Chase Manhattan Bank (now JP Morgan Chase & Co.). From 1978 to 1995, he held various positions of increasing responsibility with Lazard Freres & Co., most recently as General Partner. Mr. Fraser is a director of Subsea 7 S.A., OCI N.V., and Fleet Topco Limited, the private holding company of Argus Media Ltd.

With substantial experience in debt and equity markets, bank markets, mergers and acquisitions, and risk oversight, Mr. Fraser contributes strongly to the Board’s oversight of the Company’s overall financial performance, reporting, and controls.

Mark serves as President and Chief Executive Officer and has more than 20 years of experience in finance and capital markets, focused primarily on the forest products and REIT sectors. In January 2023 he was appointed President and Chief Financial Officer, having previously served as Senior Vice President and Chief Financial Officer since joining Rayonier in December 2014. Mark joined Rayonier from Raymond James, where he served as Managing Director in the firm’s Real Estate Investment Banking group, responsible for the firm’s timberland and agriculture sector coverage. Prior to Raymond James, he worked in the Investment Banking division of Credit Suisse in New York and Los Angeles from 2000 to 2008, focused on the paper and forest products sectors. Throughout his career, Mark has provided a wide range of strategic and financial counsel to various publicly traded paper, forest products, and real estate companies.

Mark holds a B.S.B.A in Finance from the University of Central Florida and a JD from Harvard Law School.

Mr. Bass is currently CEO of Mattamy Homes US, the largest private homebuilder in North America, and managing partner of private equity and consulting firm Mill Creek Capital LLC. Previously, Mr. Bass was President and Chief Executive Officer at WCI Communities, Inc. until its sale to Lennar in February 2017. Mr. Bass joined WCI Communities, Inc. in 2012. He served as President of Pinnacle Land Advisors, FL from 2011 to 2012. Prior to forming Pinnacle Land Advisors, Mr. Bass served in senior executive positions with The Ryland Group from 2003 to 2011. From 1986 to 2003, Mr. Bass served in roles of increasing responsibility with Ryan Homes;, Renaissance Home, and Taylor Woodrow Communities. Since 2015, Mr. Bass has served as a Director for Xenia Hotels and Resorts. He received his Bachelor’s degree in business administration from North Carolina Wesleyan College in Rocky Mount, North Carolina.

Mr. Bass has extensive expertise in the real estate industry. He has led organizations as large as $1 billion in annual revenue, built lean operations, and created long-term operational roadmaps to position companies to thrive in any market climate. Mr. Bass brings a broad real estate perspective to the Board’s evaluation of investment opportunities and the Company’s real estate businesses.

Mr. Gonsalves is an Advisory Partner at Integrated Capital, a leading, hotel-focused, private real estate advisory and investment firm. Prior to joining Integrated Capital, Mr. Gonsalves worked at Goldman, Sachs & Co. for more than 20 years, most recently as the Partner responsible for Goldman’s Real Estate Mergers and Acquisitions Business. In additon to his responsibilites in Goldman's Real Estate Group, he was also a Managing Director in their Mergers Leadership Group. Mr. Gonsalves currently serves on the public Boards of the investment bank Cowen Inc. and the real estate REIT RREEF Property Trust, Inc. and recently served as Chairman of the Board of Cedar Realty Trust, a grocery-anchored, publicly traded REIT, until its sale in 2002. He also serves on the private Boards of POP Tracker LLC and RREEF America REIT II, Inc. and is the Chairman of the Board of the Jackie Robinson Foundation, having been a Jackie Robinson Scholarship recipient himself while pursuing his undergraduate degree. Mr. Gonsalves earned his Bachelor of Science in Mechanical Engineering from Columbia University in 1989 and his Master of Business Administration from Harvard University in 1993.

Mr. Gonsalves brings substantial experience and expertise in capital markets and mergers and acquisitions across a variety of industries, with particular expertise in the REIT sector.

Mr. Jones has been President of forest investment firm Forest Capital Partners since 2000. Prior to joining Forest Capital Partners, he was President and Chief Executive Officer at Timberland Growth Corporation, a timberland REIT joint venture, from 1998 to 2000 and Director, Business Development and Acquisitions, at John Hancock Mutual Life Insurance Company from 1988 to 1998. He holds an undergraduate degree from Elizabethtown College, a Masters of Forestry from Duke University, and a Masters of Management from the Kellogg School at Northwestern University.

With significant expertise in forest management, technology and innovations, as well as forest and real estate investments, Mr. Jones is particularly well suited to assist the Board in its investment decisions and in overseeing the management of Rayonier’s forest resources and real estate businesses.

Ann C. Nelson retired as a partner at KPMG LLP in 2019. In her 37-year career (25 as an audit partner) in public accounting at KPMG, she served as the lead audit partner on numerous public company engagements operating across different industries including forest products (REITs, timber/timberlands, pulp, paper, packaging and wood products), other manufacturing, transportation and retail. She worked directly with boards of directors and audit committees of these companies on audits of financial statements and internal controls, numerous registration statements and assistance with a variety of mergers, acquisitions, and dispositions. In addition to her experience as a lead audit partner, Ms. Nelson held a variety of operating leadership positions at KPMG in the Pacific Northwest. In these roles she was responsible for establishing market strategy, driving operating results, and numerous aspects of HR including recruiting, talent management, leadership development and succession planning. Ms. Nelson brings expertise to the board in the areas of auditing, accounting and financial reporting, internal controls and corporate governance. In addition, she has direct Board experience by way of the Boise Chamber of Commerce (Chairman of Board and past Treasurer/Audit Committee chair over and eight year period.) Ms. Nelson has also served on the Port of Portland as a Commissioner (governor appointed) as well as a variety of other boards. She was also a Senior Partner in KPMG’s Audit Committee Institute (ACI) national training group.

Mr. Rivers is currently part time Director of Alternative Fuel Origination at Drax Group (UK FTSE listed energy business that consumes over 7 million tons of wood pellets per annum - the majority sourced from the southern USA). From 2017 to 2020 he was (part time) Group Special Advisor. He was an Executive Director and member of Excom with Drax from 2011 until 2017, first as Director of Fuel Procurement and from 2015 as Director of Corporate Affairs. He was also Executive Chairman of the upstream supply business in the USA, Drax Biomass International, from 2011 until 2106.

Mr. Rivers also served as a Director of the US Industrial Pellet Association for two years ending in 2016. He was previously Director, Energy Biomass and Director, Overseas Wood & Biomass Sourcing with UPM-Kymmene, Finland for two years ending in 2011. Prior roles include a 3-year period as Managing Director of Forestal Oriental, based in Uruguay with responsibility for plantation management and wood supply for the start-up of the Fray Bentos pulp mill. Until 2006 he was Managing Director of Tilhill, the UK's largest private forest management and timber harvesting business.

He has an Honours degree in forestry from Aberdeen University and an M.B.A. from Strathclyde in Scotland, is a Fellow of the Institute of Chartered Foresters and a Member of the Society of Chartered Environmentalists.

Mr. Rivers brings international experience in forest management, timber markets, biomass supply chain development, energy and forest related sustainability, public affairs and communications experience.

Ms. Martin is the Managing Partner of Martin Farm and Vice President of the Albemarle Corporation (family businesses with interests in agriculture and timberland), positions she has held since 1990. She also served as Chairman of the Board of Directors of the Federal Reserve Bank of Atlanta from 2007 until 2008. Ms. Martin is a Director of Truxton Trust, a private bank in Nashville, Tennessee, a Director and past Chairman of the Public Affairs Research Counsel of Alabama, Immediate Past Chairman of the Board of Directors of The Farm Foundation and a past Chairman of the Board of Directors of The Cotton Board. Ms. Martin also serves as Board Chairman, Servico, Inc., a cotton ginning and warehousing company in Courtland, Alabama. Prior to returning to run her family’s farm, Ms. Martin was an Associate with Arthur Andersen in Washington, D.C., specializing in commercial real estate appraisal. She was a 2012 Eisenhower Fellow. She holds a Bachelor’s degree from Vanderbilt University.

Ms. Martin has direct operating experience in the land-based businesses of agriculture and timberland management, particularly in the Southeastern United States, together with an understanding of national and regional financial markets. Ms. Martin adds substantial value to Board discussions regarding our forest resources business and overall economic forces and trends impacting the Company.

Ms. Moore founded Watershed Asset Management, LLC, a San Francisco-based alternative asset management company, in 2002, and she is currently the Senior Managing Member and Chief Investment Officer. Watershed returned client capital in 2017 and has since managed firm capital. Prior to founding Watershed, Ms. Moore was Partner and Portfolio Manager of Farallon Capital Management, L.L.C. Prior to Farallon, she worked in the Investment Banking Division of Lehman Brothers and was a corporate law associate at Simpson Thacher & Bartlett, both in New York.

In addition to Rayonier, Ms. Moore serves on the board of Blackrock Capital Investment Corporation, where she sits on the audit and compensation/governance committees (2017 - present). She is also an advisory director for Fiduciary Counseling, Inc., a private investment manager (2018 – present). From April 2019 to June 2020, Ms. Moore served on the boards of PG&E Corporation and its utility, Pacific Gas and Electric Company, where she chaired the Compensation Committee and the Ad Hoc Restructuring and Real Estate Committees and served on the Nominating and Governance and Finance Committees. Ms. Moore also served on the Board of NextGen Climate America, a climate policy non-profit, from 2014 to 2021.

Ms. Moore has more than 25 years of principal investing experience in public and private equity and debt, real estate and other complex assets and financings. She has served on several public company boards in the real estate, finance, and utilities industries. Ms. Moore has also served on or chaired audit, compensation, and nominating and governance committees.

Ms. Moore received her Bachelor of Arts from the University of Colorado and her Juris Doctor from Yale Law School

Mr. Wiltshire is a Managing Partner at Folium Capital LLC, a Boston-based investment firm, and is engaged in management and governance of private forest and farming companies with operations in New Zealand. In 2015, Mr. Wiltshire retired as Managing Director and Head of Alternative Assets at the Harvard Management Company (the investment management company that is responsible for managing Harvard University’s endowment and related financial assets). Mr. Wiltshire joined Harvard Management Company in 2001, and previously served in the positions of Managing Director of Natural Resources and Director of Timberland Investments. From 1998 to 2001, he was a senior manager at GMO Renewable Resources LLC (a global investment management company). Prior to such time, Mr. Wiltshire was employed by Rayonier New Zealand Limited, a wholly-owned subsidiary of the Company. Mr. Wiltshire began his career with the New Zealand Forest Service in a variety of planning and management roles in natural and plantation forests. He received a bachelor’s degree in Forestry Science from Canterbury University in Christchurch, New Zealand, and an MBA from the Advanced Business Program at the University of Otago in Dunedin, New Zealand. In 2020, Mr Wiltshire became an International Fellow of the Royal Swedish Academy of Agriculture and Forestry.

With his extensive expertise in the areas of managing and investing in forestry, timberlands, real estate and natural resources, Mr. Wiltshire brings a valuable perspective to the Board’s evaluation of investment opportunities and oversight of Rayonier’s forest resources and real estate businesses.