Weyerhaeuser Company logo.  (PRNewsFoto/Weyerhaeuser Company)
Weyerhaeuser Company logo. (PRNewsFoto/Weyerhaeuser Company)

Weyerhaeuser has appointed David Wold as the company’s new senior vice president and chief financial officer. Wold, who has served as the vice president and chief accounting officer for the company since 2019, replaces the departing Nancy Loewe.

“David has demonstrated outstanding leadership since joining Weyerhaesuer in 2013,” Devin Stockfish, Weyerhaesuer president and CEO, said in a news release. “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.”

Wold joined Weyerahesuer in November 2013 and has held a variety of accounting and finance leadership roles with increasing responsibility, including serving as corporate controller from March 2018 to May 2019. Prior to joining Weyerhaesuer, Wold served as vice president of finance for Verdiem Corporation, a privately-held technology company, and spent nine years with the accounting firm KPMG.

“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 drives 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.”

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