Election Fills Vacancy Following Resignation of John A. Blumberg
YULEE, Fla.--(BUSINESS WIRE)--Dec. 15, 2017--
Rayonier Inc. (NYSE:RYN) announced today that Keith E. Bass has been
elected to its Board of Directors. Mr. Bass has also been appointed to
serve on the Board's Compensation Committee and Nominating and Corporate
Governance Committee.
Mr. Bass is currently managing partner of private investment firm Mill
Creek Capital LLC and a member of the board of directors of Xenia Hotels
and Resorts. Previously, Mr. Bass was President and CEO at WCI
Communities, Inc. until February 2017, and he also served as President
of Pinnacle Land Advisors, FL from 2011 to 2012. He received his
bachelor's degree in business administration from North Carolina
Wesleyan College in Rocky Mount, North Carolina.
Mr. Bass's election fills the vacancy that resulted from John A.
Blumberg's resignation from the Board. Mr. Blumberg resigned on December
11, 2017 due to time constraints related to his other business interests.
“Keith brings invaluable and extensive expertise in the real estate
industry,” said Richard D. Kincaid, Chairman of the Board. “He is an
excellent addition to our Board of Directors and will provide valuable
perspective as we continue to deliver on our long-term strategic
objectives.”
Mr. Kincaid added, “We would also like to thank John for his significant
contributions and dedication to the Board. We wish him well on his
future endeavors.”
About Rayonier
Rayonier is a leading timberland real estate investment trust with
assets located in some of the most productive softwood timber growing
regions in the United States and New Zealand. As of September 30,
2017, Rayonier owned, leased or managed approximately 2.7 million acres
of timberlands located in the U.S. South (1.90 million acres), U.S.
Pacific Northwest (378,000 acres) and New Zealand (429,000 acres). More
information is available at www.rayonier.com.
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Source: Rayonier Inc.
Rayonier Inc.
Investors/Media
Mark McHugh, 904-357-9100
investorrelations@rayonier.com