FEDERAL WAY, Wash., Jun 22, 2011 -- Weyerhaeuser Company (NYSE: WY) today announced the launch of Weyerhaeuser Solutions Inc., a new subsidiary offering a full range of consulting and management services designed to help clients develop, manage and commercialize forest assets.
Weyerhaeuser Solutions Inc. is a business composed of consulting experts with Weyerhaeuser operating experience and expertise. The business can work with companies in industries such as energy, mining, forestry and manufacturing which are interested in reducing their carbon footprint, sourcing bio-energy feedstocks, and managing landscapes for water supply and quality.
Ray Risco serves as president of the new subsidiary, reporting directly to Tom Gideon, executive vice president - Timberlands. Risco has more than two decades of experience operating international businesses in executive, general management, and financial roles. He has been a key player in Weyerhaeuser's international strategic development, mergers and acquisitions, partnership management and operational leadership.
"With the ability to serve customers around the world, we can design, manage and commercialize forest-based solutions to mitigate risk, diversify investment and expand economic opportunity," Risco said. "We do this by taking a holistic approach to helping clients expand their portfolios to include renewable forest-based assets, and providing customized, innovative solutions, on a global scale, that enhance supply security and provide economic alternatives. Our experts can help customers to make informed choices, which we then help implement."
Services Weyerhaeuser Solutions provides include:
Natural Resource Management: Site evaluation, land appraisal, financial analysis, active forest management, watershed and water-use strategies, and supply chain services for sustainable forest products.
Climate Change Strategy: Innovative carbon sequestration solutions.
Renewable Resources for Energy: Ecosystem services to remediate current operations and assistance in transitioning to renewable energy supplies.
More information on Weyerhaeuser Solutions is available at www.wy.com/solutions.
Weyerhaeuser Solutions is a subsidiary of Weyerhaeuser NR Company, the taxable Real Estate Investment Trust subsidiary of Weyerhaeuser Company.
Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage 22 million acres of timberland worldwide on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at www.weyerhaeuser.com.
SOURCE: Weyerhaeuser Company
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