Weyerhaeuser Announces Appointment of Rick Beckwitt to Board of Directors

Rhea-AI Summary

Weyerhaeuser (NYSE: WY) announced the immediate appointment of Richard "Rick" Beckwitt to its board of directors effective November 17, 2025.

Beckwitt is a former president, chief executive officer and director of Lennar with more than 30 years of homebuilding and real estate experience; Lennar reported 2024 revenues exceeding $35 billion. He retired from Lennar in September 2023 after serving as co-CEO and co-president since 2020 and held prior leadership roles at D.R. Horton and in corporate finance and M&A at Lehman Brothers.

The company highlighted his track record in growth strategy, operational efficiency and innovation and noted his current directorships at Eagle Materials and Ferguson Enterprises.

Positive

• Board appointment effective November 17, 2025
• 30+ years of homebuilding and real estate experience
• Experience leading firms with $35B+ reported revenue (Lennar 2024)

Negative

• None.

News Market Reaction – WY

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In the Nov 17 session, WY declined 2.80%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SEATTLE, Nov. 17, 2025 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of Richard "Rick" Beckwitt, former president, chief executive officer and director of Lennar Corporation, to the company's board of directors. His appointment is effective immediately.

"We are very pleased to welcome Rick to the Weyerhaeuser board of directors," says Rick R. Holley, chairman of the board of directors. "Rick brings more than 30 years of experience in the homebuilding and real estate industries, including leading two of the largest homebuilding companies in the United States. He has a proven record of leveraging growth opportunities and driving successful corporate strategy, and he has demonstrated a deep commitment to innovation, operational efficiency and building strong teams throughout his career."

Mr. Beckwitt served in various executive leadership capacities at Lennar Corporation, one of the nation's leading homebuilders, with 2024 revenues exceeding $35 billion. He retired as co-chief executive officer and co-president in September 2023, positions he had held since 2020. He joined Lennar in 2006 as an executive vice president, became president in 2011 and was promoted to chief executive officer in 2018. He also served on the Lennar board of directors from 2018 until his retirement.

Prior to joining Lennar, Mr. Beckwitt served as president and director of D.R. Horton, where he led the company through a period of significant growth and multiple acquisitions. He also previously worked as owner and principal at EVP Capital, L.P., a venture capital and real estate advisory company, and in corporate finance and mergers and acquisitions with Lehman Brothers. He holds a bachelor of arts degree in psychology from Claremont McKenna College and also serves as a director of Eagle Materials, Inc., and Ferguson Enterprises, Inc.

ABOUT WEYERHAEUSER
Weyerhaeuser Company , one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.4 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, energy and natural resources, among others. In 2024, the company generated $7.1 billion in net sales and employed approximately 9,400 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser's common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

For more information contact:

Weyerhaeuser
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company

FAQ

Who is Rick Beckwitt and why was he appointed to the Weyerhaeuser (WY) board on November 17, 2025?

Rick Beckwitt is a former president and co-CEO of Lennar with 30+ years in homebuilding and real estate; he was appointed to bring operational and strategic experience to the WY board.

When does Rick Beckwitt's Weyerhaeuser (WY) board appointment become effective?

The appointment is effective immediately as of November 17, 2025.

What executive experience does Rick Beckwitt bring to Weyerhaeuser (WY)?

He served as president and co-CEO of Lennar (retired September 2023), previously led D.R. Horton, and has experience in corporate finance and M&A.

How large was Lennar, the company where Rick Beckwitt most recently served, by 2024 revenue?

Lennar reported 2024 revenues exceeding $35 billion.

Will Rick Beckwitt maintain other board roles after joining Weyerhaeuser (WY)?

Yes, he also serves as a director of Eagle Materials and Ferguson Enterprises.

Does Weyerhaeuser (WY) describe the skills Beckwitt will add to the board?

The company cited his experience in growth strategy, operational efficiency, and innovation as key contributions.