Weyerhaeuser names Paul Hossain chief development officer, effective Jan. 1, 2025
Weyerhaeuser said senior vice president and chief development officer Russell Hagen will retire effective December 31, 2024, and will be succeeded by Paul Hossain, currently vice president of Natural Resources and Climate Solutions, effective January 1, 2025. Hossain will oversee the Real Estate, Energy & Natural Resources segment, including Natural Climate Solutions, along with business development and acquisitions and divestitures. Hagen will remain as a strategic advisor, but will no longer qualify for executive benefits, including executive severance and change of control.
- Russell Hagen retires as senior vice president and chief development officer effective December 31, 2024; the board was notified on November 8, 2024.
- Paul Hossain succeeds Hagen as senior vice president and chief development officer effective January 1, 2025.
- Hossain will oversee the Real Estate, Energy & Natural Resources segment, Business Development, and Acquisitions and Divestitures.
- Hagen stays on as a strategic advisor with no change to current compensation, but loses eligibility for executive severance and change-of-control benefits.