Weyerhaeuser names new CFO

Weyerhaeuser has appointed Nancy Loewe as senior vice president and chief financial officer, effective March 8. 

Loewe joins Weyerhaeuser from Visa, where she served as senior vice president of finance and brings more than 20 years of financial and operating experience across multiple industries. 

Her appointment follows the company's previous announcement that Russell Hagen is taking on a new role as senior vice president and chief development officer, overseeing the company's real estate, energy and natural resources segment, as well as business development, and acquisitions and divestitures. 

"Nancy has a strong track record of leadership in finance, strategy, and operations, both in the U.S. and internationally,” said Weyerhaeuser President and CEO Devin Stockfish. “Weyerhaeuser will benefit from her broad industry experience, from consumer-facing brands to paper products manufacturing, and we're excited for the energy and expertise she will bring to our leadership team and company."

Prior to her executive role at Visa, Loewe was CFO for Kimberly-Clark International, after having served as chief strategy officer and global treasurer for Kimberly-Clark Corporation. Prior to that, Loewe was executive vice president and CFO  for PepsiCo's Frito-Lay North America business unit. 

"This is an incredible opportunity to join a talented team and workforce," said Loewe. "Weyerhaeuser has been an industry leader in sustainable forestry for more than a century, and I'm excited to help build on our history and performance in the years ahead."

Based in Seattle, Weyerhaeuser owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.