Rayonier appoints a new CFO

Rayonier Inc. has named Mark McHugh to the role of SVP and CFO, effective Dec. 12, 2014.

McHugh brings 15 years of financial experience to the table, specifically in the timberland, paper, forest products and REIT sectors. In his most recent role, he was managing director for Raymond James' REIT group and was responsible for the firm's timberland and agriculture sector coverage.

“Mark has been a valued advisor to Rayonier’s senior management team in the months since the spin-off of the Performance Fibers business, and we are pleased to welcome him to this new role,” said David Nunes, Rayonier’s president and CEO. “Mark’s strategic, financial, and industry expertise served us well during our recent internal review and development of our realigned strategy. We are confident that his continued insight and guidance will further support our commitment to transparency and accountability, and that he will be an excellent addition to the senior team leading Rayonier going forward.”

His career also includes a stint at Credit Suisse, where he was a director in the Paper & Forest Products Group.

McHugh will succeed H. Edwin Kiker, who is taking on the newly created role of chief accounting officer. Kiker's new responsibilities will include oversight of the company's financial reporting, accounting operations, and financial controls and systems.

Nunes added, “As a 12-year veteran of Rayonier, Ed has been an invaluable resource to the company and our shareholders. I would like to thank Ed for his effective leadership as our CFO and know that he will bring the same dedication to this new role overseeing our financial reporting, accounting operations and internal controls. I look forward to Ed’s continued contributions as we move forward and execute our strategy.”