EL DORADO, AR - Deltic Timber Corporation (NYSE:DEL) expanded its board last month, naming as directors Bert H. Jones, owner and president of Mid-States Wood Preservers, LLC of Simsboro, Louisiana; and Lenore M. Sullivan, managing director of Texas Women Ventures Capital Management.
Deltic Timber, which reported $227 million in revenue in 2014, employs 542 and owns some 530,000 acres of timberland, operating two sawmills and a medium density fiber-board plant. Headquartered in El Dorado, Arkansas,with operations located primarily in Arkansas and north Louisiana.
Jones established Mid-States Wood Preservers, which manufacturers treated wood products, in 1979. It specializes in preserving structural lumber and timbers, while also operating a planing mill. He is a member of the Southern Pine Inspection Bureau Board of Governors, and presently serves as Vice Chairman. Jones is also former Chairman of the Board of the Treated Wood Council.
"Bert’s proven team leadership ability, evidenced by his years as a successful quarterback in the National Football League, will serve Deltic well, and we are proud to welcome him to our Board,” said Robert C. Nolan, Chairman of the Board of Directors. Jones earned a BS in Business Administration in 1974 from Louisiana State University.
Sullivan began her career as a financial analyst with Morgan Stanley & Co., Inc.; was a partner in what is now Crow Holdings; the Corporate Vice President - Finance and Treasurer for the Wyndham Hotel Company; President and co-owner of Stonegate Advisors, Inc. (previously L.M. Sullivan & Co.); a vice president for Hunt Private Equity Group, Inc.; a lecturer and Associate Director at the University of Texas at Austin McCombs School of Business; and a partner in Perella Weinberg Partners prior to assuming her current position.
Nolan cited Sullivan's "vast experience across many businesses, while serving in critical financial roles, [which] will bring different perspectives to the company. Sullivan earned an AB from Smith College in 1979 and a MBA from the Harvard University Graduate School of Business in 1983.
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