Investors

Corporate Governance

Corporate Governance

Senior Leadership Team

David L. Nunes

President and Chief Executive Officer

Dave joined Rayonier in June 2014 as Chief Operating Officer, and shortly thereafter assumed the additional role of President and CEO following Rayonier’s spin-off of its Performance Fibers business. Dave has more than three decades of timber industry experience. Prior to joining Rayonier, he served as President and CEO of Pope Resources/Olympic Resource Management from 2002 to 2014. He joined Pope Resources in 1997 as director of portfolio management, working with third-party investors and timberland owners to develop and manage timberland investment portfolios. The following year, he was named Vice President of Portfolio Development, and then served two years as Senior Vice President of Acquisitions and Portfolio Development before being named President and COO in 2000. Previously, Dave spent nine years with Weyerhaeuser Company, joining the organization in 1988 as a business analyst and advancing through a number of leadership roles to become Director of Corporate Strategic Planning. During his time with Weyerhaeuser, he gained extensive experience involving export log sales and marketing, timberland acquisitions, mergers and acquisitions, and capital planning. Dave began his career in the forest products industry in 1979 with the Seattle-Snohomish Mill Company where he worked in both sawmill operations and lumber sales capacities.

Dave holds a Bachelor of Arts in Economics from Pomona College and an MBA from the Tepper School of Business at Carnegie Mellon University.

Mark D. McHugh

Senior Vice President and Chief Financial Officer

Mark was appointed Senior Vice President and Chief Financial Officer in December 2014. He has 15 years of experience in finance and capital markets focusing on the timberland and REIT sectors. He 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. Throughout his career he has provided a wide range of strategic and financial counsel to a variety of 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.

Douglas M. Long

Senior Vice President, Forest Resources

Doug was promoted to Senior Vice President, Forest Resources in February 2018. In this position, he oversees Rayonier’s Forest Resources operations in the U.S. and New Zealand. Doug joined Rayonier in 1995 as a GIS Forestry Analyst, and has held multiple positions of increasing responsibility within the forestry division. From 2003 to 2007, he was a Forest Services Manager and a Regional Manager in Rayonier’s New Zealand operations. In 2007, he returned to the U.S., where he served as the Southwest Resource Unit Leader in Lufkin, TX. In March 2014, Doug was promoted to Director, Atlantic Region, U.S. Forest Resources, responsible for all land management, resource development and timber marketing operations within the region. In November 2014, he was promoted to Vice President, U.S. Forest Operations, responsible for all forestry operations in the U.S.

Doug holds a Bachelor and Master’s degree in Forest Resources and Conservation from the University of Florida.

Christopher T. Corr

Senior Vice President Real Estate, Public Affairs and President of Raydient

Chris joined Rayonier in July 2013. Prior to joining Rayonier, he was Executive Vice President, Buildings and Places for AECOM, a global provider of technical and management support services, including real estate planning and development. He previously served as Executive Vice President and Chief Strategy Officer of The St. Joe Company. He was also a key project leader for Disney, playing a significant role in developing the town of Celebration, Florida and is a former elected member of the Florida House of Representatives.

Chris serves on the Board of Directors of Florida Council of 100, and is an active member of the Urban Land Institute. He is a former member of the Board of Trustees of the University of Florida.

He holds a Bachelor of Arts degree from the University of Florida and has completed programs at the Harvard Real Estate Institute and the Wharton School of Business at University of Pennsylvania.

Mark R. Bridwell

Vice President, General Counsel and Corporate Secretary

Mark was promoted to Vice President and General Counsel in June 2014, and shortly thereafter, assumed the additional role of Corporate Secretary. He joined Rayonier in 2006 as Associate General Counsel for Performance Fibers. In 2009, he became Associate General Counsel for Timber and Real Estate, and in 2012 was promoted to Assistant General Counsel for Land Resources. Prior to joining Rayonier, Mark served as counsel for six years at Siemens Corporation, where he acted as a business unit general counsel for a variety of manufacturing, services and software related Siemens subsidiaries in the United States. Previously, he served five years as an associate with the international law firms of Jones, Day, Reavis & Pogue and Seyfarth, Shaw, Fairweather & Geraldson. From 1993 to 1995, Mark served as a law clerk to the Hon. Julie E. Carnes in the United States District Court for the Northern District of Georgia.

He is a member of the State Bar of Georgia and Authorized House Counsel by the Florida Bar. Mark holds a B.S.B.A. in Finance from the University of Central Florida, and both an MBA and JD from Emory University.

Shelby L. Pyatt

Vice President, Human Resources and Information Technology

Shelby was named Vice President, Human Resources in July 2014 and Vice President, Human Resources and Information Technology in October 2015. She joined Rayonier in November 2003 as Manager, Compensation and became Director, Compensation and Employee Services in 2006. She was named Director, Compensation, Benefits and Employee Services in July 2009 before being promoted to her current position. Prior to joining Rayonier, she held human resources positions with CSX Corporation and Barnett Bank.

Shelby holds a Bachelor’s degree in Business Management.

W. Rhett Rogers

Vice President, Portfolio Management

Rhett was appointed to Vice President, Portfolio Management in February 2017. In this newly-created position, he oversees Rayonier’s land acquisition and disposition activities, as well as its Land Information Systems function. He joined Rayonier in 2001 as a District Technical Forester and has held numerous roles of increasing responsibility. From 2005 to 2007 he was a Timberland Acquisitions Supervisor in Hoquiam, Washington. In 2007, he was promoted to Resource Unit Leader of Rayonier’s Coastal Resource Unit based in Yulee, Florida. Most recently he served as Director, Land Asset Management, since August 2014.

Rhett holds a Bachelor of Science in Forestry from Louisiana Tech University, and both an MBA and an MS in Forest Resources from Mississippi State University.

Board of Directors

Richard D. Kincaid

Chairman

Mr. Kincaid is the Founder and Managing Member of Sage Vertical Gardens LLC and the President and Founder of BeCause Foundation (a non-profit corporation that supports the health, education and welfare of children). Mr. Kincaid is also an investor and serves on the Board of Directors of five early stage companies that are in the social and digital media, healthcare, and video streaming industries. Mr. Kincaid was the President, Chief Executive Officer and a trustee of Equity Office Properties Trust (an owner and manager of office buildings and, at the time, the largest U.S. real estate investment trust) until 2007. He was named President of Equity Office in 2002 and Chief Executive Officer in 2003. Mr. Kincaid joined Equity Office Properties Trust as Senior Vice President in 1996, was named Chief Financial Officer in 1997 and Executive Vice President and Chief Operating Officer in 2001. He previously served as Senior Vice President and Chief Financial Officer of Equity Office Holdings, L.L.C. (a predecessor of Equity Office Properties Trust), and was Senior Vice President of Equity Group Investments, Inc. (a private investment company). Mr. Kincaid currently serves as Chairman of the Board of Dividend Capital Diversified Property Fund. He is a graduate of Wichita State University and holds an MBA from the University of Texas.

Mr. Kincaid has significant financial expertise together with broad experience in the real estate industry and a deep understanding of the structural and strategic implications of REIT status. We believe his experience and expertise are particularly well suited to assist the Board in understanding the opportunities and challenges presented by our REIT structure, as well as overseeing the Board’s management of our real estate business and general financing decisions.

David L. Nunes

CEO

Dave joined Rayonier in June 2014 as Chief Operating Officer, and shortly thereafter assumed the additional role of President and CEO following Rayonier’s spin-off of its Performance Fibers business. Dave has more than three decades of timber industry experience. Prior to joining Rayonier, he served as President and CEO of Pope Resources/Olympic Resource Management from 2002 to 2014. He joined Pope Resources in 1997 as director of portfolio management, working with third-party investors and timberland owners to develop and manage timberland investment portfolios. The following year, he was named Vice President of Portfolio Development, and then served two years as Senior Vice President of Acquisitions and Portfolio Development before being named President and COO in 2000. Previously, Dave spent nine years with Weyerhaeuser Company, joining the organization in 1988 as a business analyst and advancing through a number of leadership roles to become Director of Corporate Strategic Planning. During his time with Weyerhaeuser, he gained extensive experience involving export log sales and marketing, timberland acquisitions, mergers and acquisitions, and capital planning. Dave began his career in the forest products industry in 1979 with the Seattle-Snohomish Mill Company where he worked in both sawmill operations and lumber sales capacities.

Dave holds a Bachelor of Arts in Economics from Pomona College and an MBA from the Tepper School of Business at Carnegie Mellon University.

Keith E. Bass

Director

Keith Bass is currently managing partner of private equity 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 joining Pinnacle Land Advisors, Mr. Bass served in key positions with The Ryland Group from 2003 to 2011. Prior to such time, Mr. Bass served in roles of increasing responsibility, from 1986 to 2003, with Ryan Homes; Renaissance Homes; 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 and built lean operations and created long-term operational roadmaps to position companies to thrive in any market climate. Mr. Bass will bring a broad real estate perspective to the Board’s evaluation of investment opportunities and the Company’s real estate businesses.

Dod A. Fraser

Director

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 JPMorgan 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 OCI GP LLC, the general partner of OCI Partners LP; Subsea 7 S.A.; and, Fleet Topco Limited, the private holding company of Argus Media Ltd. He holds a bachelor’s degree from Princeton University.

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 Rayonier’s overall financial performance, reporting and controls.

Scott R. Jones

Director

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 overseeing the management of Rayonier’s forest resources and real estate businesses.

Bernard Lanigan, Jr.

Director

Mr. Lanigan founded and has served as Chairman and Chief Executive Officer of Southeast Asset Advisors, Inc. (a registered investment advisor and wealth management company) since 1991. He also founded and has served as Chairman of Lanigan & Associates, P.C. (a certified public accounting and consulting firm) since 1974. Mr. Lanigan previously served on the board of directors of Texas Industries, Inc., and currently serves on the boards of directors of CONSOL Energy, Inc., Ruby Tuesday, Inc. and various foundations and private companies, including Lykes Brothers. He also serves on the boards of directors of various endowments and private foundations. Mr. Lanigan is a graduate of Furman University and a Certified Public Accountant.

Mr. Lanigan has leadership experience with large, complex and diverse organizations, offering a strong background in financial, accounting and tax matters, as well as experience in strategic planning and risk assessment. His years of service on other public company boards provide him with additional perspectives from which to view Rayonier’s operations and the Board’s activities.

Blanche L. Lincoln

Director

Ms. Lincoln has served since 2013 as the Founder and Principal of Lincoln Policy Group, a consulting firm helping companies navigate the legislative and regulatory processes of the federal government. From 2011 to 2013 she was a special policy advisor at the law firm Alston & Bird LLP. Ms. Lincoln is a former U.S. Senator for the State of Arkansas (1999 to 2011) and a former U.S. Representative for the State of Arkansas (1993 to 1997). She served as Chair of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, and was a member of the U.S. Senate Committee on Finance, Committee on Energy and Natural Resources and the U.S. House Committee on Energy and Commerce, Committee on Agriculture and Committee on Natural Resources (formerly House Committee on Merchant Marine and Fisheries). Ms. Lincoln is a director of Entergy Corporation, and serves on the Board of Trustees of Center for the Study of the Presidency and Congress (CSPC). She holds a bachelor’s degree from Randolph-Macon Woman’s College.

Ms. Lincoln’s political experience, including in the areas of agriculture and forestry, is invaluable to the Board in helping Rayonier address a range of public policy and legislative trends.

V. Larkin Martin

Director

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 on the Public Affairs Research Counsel of Alabama, a Trustee of The Farm Foundation and a past Chairman of the Board of Directors of The Cotton Board. Prior to returning to run her family’s farm, Ms. Martin was an Associate with Arthur Anderson in Washington, D.C., specializing on commercial real estate appraisal. She was selected as a 2012 Eisenhower Fellow, an esteemed global leadership role. She holds a bachelor’s degree from Vanderbilt University.s

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. This skill set allows Ms. Martin to add substantial value to Board discussions regarding our forest resources business, as well as overall economic forces and trends impacting Rayonier.

Andrew G. Wiltshire

Director

Mr. Wiltshire is the Founding Partner of Folium Capital LLC, a Boston-based investment firm, and is engaged in management and governance of private orchard and farming companies with operations in New Zealand. Mr. Wiltshire recently 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.

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.

Committee Composition

Audit Compensation and Management Development Nominating and Corporate Governance
Keith E. Bass Audit Compensation and Management Development
Dod A. Fraser Audit Nominating and Corporate Governance
Scott R. Jones Compensation and Management Development
Richard D. Kincaid Audit Compensation and Management Development
Bernard Lanigan, Jr. Audit Nominating and Corporate Governance
Blanche L. Lincoln Compensation and Management Development Nominating and Corporate Governance
V. Larkin Martin Compensation and Management Development Nominating and Corporate Governance
Andrew G. Wiltshire Audit Nominating and Corporate Governance
Chairperson Member Financial Expert Chairman of the Board

Committee Charters

Title
Download/View
Audit Committee Charter
Compensation and Management Development Committee Charter
Nominating and Corporate Governance Committee Charter

Governance Documents

Title
Download/View
Bylaws of Rayonier Inc
Corporate Governance Principles
Standard of Ethics and Code of Corporate Conduct
Officer and Director Share Value Ownership Requirements

Our Standard of Ethics and Code of Corporate Conduct is applicable to our directors, officers (including our principal executive, financial and accounting officers), employees and agents. Any amendments to or waivers of the Standard of Ethics and Code of Corporate Conduct will be disclosed here.

 

Obudsman Program

We encourage reports of improper business conduct and ethical or compliance issues and concerns by the Company, its employees or representatives, including violations of the Rayonier Standard of Ethics and Code of Corporate Conduct:

 

U.S.: (800) 437-6855

International: (904) 357-9834

Online: www.reportlineweb.com/rayonier

 

Employees are encouraged to report possible issues to their supervisor or other individuals in the organization who can respond appropriately. However, if for any reason you feel uncomfortable with reporting through the normal channels, or if you wish to remain anonymous, you are encouraged to call or write the Ombudsman in confidence and without fear of reprisal.

Contact

Mark McHugh

Senior Vice President and Chief Financial Officer

Phone: (904) 357-9100

investorrelations@rayonier.com

Transfer Agent

For essential services such as change of address, lost certificates or dividend checks, or change in registered ownership, please write or call:

  • Regular Mail
  • Computershare
  • P.O. Box 43006
  • Providence, RI 02940-3006
  • United States
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  • 250 Royall Street
  • Canton, MA 02021
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Inside the U.S.: (800) 659-0158

Outside the U.S.: (201) 680-6587

For online inquiries, please visit https://www-us.computershare.com.

Please include your name, address, account number and telephone number with all correspondence.

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