Company Further Enhances Management and Operational Oversight with
Appointment of H. Edwin Kiker to Newly Created Role of Chief Accounting
Officer
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 10, 2014--
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.
Source: Rayonier Inc.
Rayonier
Investor:
Ed Kiker, 904-357-9186
or
Media:
James
Golden / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449