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Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  05/22/2007
 
RAYONIER INC.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  1-6780
 
North Carolina
  
13-2607329
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
50 North Laura Street
Jacksonville, Florida
32202
(Address of principal executive offices, including zip code)
 
904-357-9100
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Information to be included in the report

 
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On May 22, 2007 the Company announced that Hans E. Vanden Noort, 48, currently the Company's Senior Vice President and Chief Accounting Officer, has been elected as Senior Vice President and Chief Financial Officer effective June 1, 2007. Mr. Vanden Noort joined Rayonier as Corporate Controller in 2001, and was elected to his current position in August 2005. A copy of the press release announcing Mr. Vanden Noort's election is attached hereto as Exhibit 99.1 and is incorporated by reference by reference herein.
 

 

Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
      
 
RAYONIER INC.
 
 
Date: May 23, 2007
     
By:
 
/s/    HANS E. VANDEN NOORT
               
Hans E. Vanden Noort
               
Senior Vice President and Chief Accounting Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Press release entitled "Rayonier Names Vanden Noort Chief Financial Officer" issued May 22, 2007.
board

FOR IMMEDIATE RELEASE

For further information

Media Contact: Jay Fredericksen 904-357-9106

Investor Contact: Parag Bhansali 904-357-9155

Rayonier Names Vanden Noort Chief Financial Officer

JACKSONVILLE, Fla., May 22, 2007 - Rayonier (NYSE:RYN) today announced that Hans E. Vanden Noort has been elected by the Board of Directors as Senior Vice President and Chief Financial Officer, effective June 1, 2007.

Vanden Noort has served as Senior Vice President and Chief Accounting Officer since August 2005. In his new position, he will have responsibility for all controllership, treasury, tax, investor relations, internal audit, information technology and risk management functions.

"I am confident that in his expanded role, Hans' extensive financial background, vision and leadership skills will be invaluable in our efforts to further enhance shareholder value," said Lee M. Thomas, President and Chief Executive Officer.

Vanden Noort joined Rayonier in 2001 as Vice President and Controller. Previously, he was with Baker Hughes in Houston as Vice President of Finance and Administration for its Baker Process Division. Prior to that, he was a senior manager for Ernst & Young in Houston. A Certified Public Accountant, Vanden Noort has a BBA in accounting from the University of Cincinnati and an MBA with a concentration in finance from the University of Michigan.

About Rayonier

Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. It owns, leases or manages 2.7 million acres of timber and land in the U.S., New Zealand and Australia. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the fast-growing Interstate 95 corridor between Savannah, Georgia, and Daytona Beach, Florida. Its Performance Fibers business is the world's leading producer of high-value specialty cellulose fibers. Approximately 40 percent of the company's sales are outside the U.S. to customers in more than 50 countries. Rayonier is structured as a Real Estate Investment Trust.

For further information, visit the company's website at www.rayonier.com. Complimentary copies of Rayonier press releases and other financial documents are available by calling 1-800-RYN-7611.