Weyerhaeuser names new CFO

Weyerhaeuser has appointed David Wold as its new senior vice president and chief financial officer.

Wold has served as vice president and chief accounting officer since May 2019, and replaces Nancy Loewe who is leaving the company. The move is effective immediately, Weyerhaeuser said.

"Davie has demonstrated outstanding leadership since joining Weyerhaeuser in 2013," said Devin Stockfish, Weyerhaeuser president and CEO. "He brings 20 years of strong accounting, financial and strategic acumen to the role, and we are excited to welcome his experience and energy to our senior management team."

"I'm honored to step into this role at such an exciting time in the company's history," Wold said. "Weyerhaeuser is well-positioned to capitalize on a number of favorable demand drivers supporting our businesses, and I'm excited to work with our Finance organization to advance our investment thesis and drive superior shareholder returns in the years to come."

Wold joined Weyerhaeuser in November 2013 and has held a series of accounting and finance leadership roles with increasing responsibility, including serving as corporate controller from March 2018 to May 2019. Prior to joining the company, Wold served as vice president of finance for Verdiem Corporation, a privately held technology company.