13.03.2008 21:00:00
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Weyerhaeuser Names Larry Burrows, WRECO President/CEO
Weyerhaeuser Company (NYSE:WY) today announced that Larry Burrows, 55,
has been named president and chief executive officer of Weyerhaeuser
Real Estate Company effective March 31.
He succeeds Daniel S. Fulton who assumed the title of president,
Weyerhaeuser Company, in December.
Burrows will report directly to Fulton and will be a member of the
company’s senior management team. In his new
role, Burrows will oversee five local real estate companies and the
company’s builder financing operation.
"The real estate business represents an
important business for Weyerhaeuser and one where we envision future
growth,” Fulton said. "Larry’s
32 years in the industry gives him the experience necessary to lead us
through these current challenging market conditions while positioning us
for that growth. As a member of the company’s
leadership team, Larry’s strategic thinking
and collaborative approach will be critical as we chart Weyerhaeuser’s
future direction.”
Burrows currently serves as president of Winchester Homes, Weyerhaeuser’s
homebuilding operation in the Washington, DC area. Under his leadership,
Winchester Homes has repositioned itself as an upscale brand and
developed one of the strongest quality and customer satisfaction
programs in the industry.
Burrows holds a bachelor of arts from the Rutgers University and a
masters from the University of Pennsylvania. He completed the Advanced
Management Program at the Wharton Business School.
Weyerhaeuser Company, one of the world’s
largest forest products companies, was incorporated in 1900. In 2007,
sales were $16.3 billion. It has offices or operations in 13 countries,
with customers worldwide. Weyerhaeuser is principally engaged in the
growing and harvesting of timber; the manufacture, distribution and sale
of forest products; and real estate construction, development and
related activities. Additional information about Weyerhaeuser’s
businesses, products and practices is available at http://www.weyerhaeuser.com.
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