Pope Resources, A Delaware Limited Partnership

US7328571077

Pope Resources A Delaware LP : Announces Change In Board Composition

September 17, 2016 at 02:59 pm IST

POULSBO, Wash., Sept. 6, 2016 /PRNewswire/ -- Pope Resources (Nasdaq:POPE) today announced the election of Sandy D. McDade to the Board of Directors of the Partnership's managing general partner, Pope MGP, Inc.. Mr. McDade replaces J. Thurston Roach, who is retiring as a Director after more than 13 years of service due to reaching mandatory retirement age under the Partnership's governing documents.

'We are delighted to have Sandy join the Board,' said Director Maria M. Pope, 'as his extensive transactional and operational experience with the largest public company in our forest products space will be of great help as we endeavor to continue growing the Partnership. At the same time, we acknowledge the loss of Thurston's voice in the boardroom, which brought to bear on our behalf his extensive forest products experience, gleaned both as an executive officer at Simpson Investment Company and as a board member of other timber and resource companies. Thurston has served as Chair of our Audit Committee since 2005 and his keen business instincts, wisdom, leadership, and financial acumen have been instrumental in our company's growth.'

Mr. McDade had a 35-year career with Weyerhaeuser Company where he served in a number of senior legal and business leadership roles, rising to the role of Senior VP and General Counsel before retiring in 2014. In addition to his legal work at Weyerhaeuser that focused on corporate transactions, Mr. McDade served as Vice President, Strategic Planning and President of Weyerhaeuser Canada. He received a B.A. degree from Whitman College and his J.D. from Seattle University. Mr. McDade currently serves as a director on several local Seattle corporate and nonprofit boards.

About Pope Resources

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 215,000 acres of timberland and development property in Washington, Oregon, and California. We also manage, co-invest in, and consolidate three private equity timber funds, for which we earn management fees. These funds provide an efficient means of investing our own capital in Pacific Northwest timberland while earning fees from managing the funds for third-party investors. The company and its predecessor companies have owned and managed timberlands and development properties for over 160 years. Additional information on the company can be found at www.poperesources.com. The contents of our website are not incorporated into this release or into our filings with the Securities and Exchange Commission.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pope-resources-announces-change-in-board-composition-300322355.html

SOURCE Pope Resources

John Lamb, VP & CFO, 360.697.6626, investors@orminc.com

Pope Resources LP published this content on 17 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 September 2016 09:28:05 UTC.

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Company Profile

Pope Resources, A Delaware Limited Partnership is engaged primarily in managing timber resources on its own properties, as well as those owned by others. The Company operates through three business segments: Fee Timber, Timberland Management and Real Estate. The Fee Timber operations consisted of growing and harvesting timber from approximately 212,000 acres that the Company owned or co-owned with its timber fund investors as tree farms, as of December 31, 2016. The Timberland Management segment is engaged in organizing and managing private equity timber funds using capital invested by third parties and the Company. The Real Estate segment's operations were focused on a portfolio of approximately 2,200 acres in the west Puget Sound region of Washington. Its subsidiaries, ORM, Inc. and Olympic Resource Management LLC, facilitate the Timberland Management activities. Its Real Estate holdings are located in the Washington counties of Pierce, Kitsap and Jefferson with sales of land.

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Forest & Wood Products

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