Weyerhaeuser Company announced leadership and organizational changes that position the company to further enhance the long-term value of its timberlands portfolio. Russell Hagen, currently senior vice president and chief financial officer, will become senior vice president and chief development officer, overseeing the company's Real Estate, Energy & Natural Resources segment and its Acquisitions and Divestitures and Business Development teams. Weyerhaeuser will immediately begin a search for a new chief financial officer, and Hagen will transition to his new role once his successor is identified. Jim Kilberg, currently senior vice president of Real Estate, Energy and Natural Resources, is retiring in early 2021 as planned. The new structure will facilitate increased collaboration among the Real Estate, A&D, ENR and Business Development teams to ensure a unified approach to portfolio management and support the company's increasing focus on emerging carbon opportunities, in alignment with its recently announced 3 by 30 sustainability initiative.