Federal Way, WA, May 4, 2006-- Steven R. Rogel, Weyerhaeuser Co.'s chairman, president and chief executive officer, has agreed to defer his retirement until 2009.
The forest products company said Wednesday that its board had asked Rogel to stay, saying it would be in Weyerhaeuser's best interests to keep him as the company implements its strategic plans.
Rogel, 63, had planned to step down in 2007.
Weyerhaeuser has spent the last year reviewing ways to improve its business and has already made some changes, including closing some operations. Last month, the company said it was considering selling all or part of its fine-paper business.
Rogel joined Weyerhaeuser in 1997 as its president and chief executive and was elected board chairman in 1999.
Weyerhaeuser had sales of $22.6 billion in 2005.
