Steven Rogel
Steven Rogel
Steven R. Rogel is the former Chairman, President and Chief Executive Officer of The Weyerhaeuser Company. Rogel has been a member of the company's board of directors since December 1, 1997, and was elected chairman and CEO on April 20, 1999. He has served as chairman in a non-executive capacity since Daniel Fulton became president and CEO in May 2008...
above agreement definitive increase merger negotiate offer per prepared willing
If Willamette is prepared to negotiate a definitive merger agreement promptly, Weyerhaeuser is willing to increase its offer above $50 per share.
final mean
These are the first, but by no mean the final steps.
business cash despite extremely generate greater position returning returns steps took
Despite extremely challenging business conditions, we took significant steps in 2005 to make us more competitive and position us to generate greater returns while returning cash to shareholders.
continued housing market markets packaging paper reflect results strong unsettled
Our results reflect the strong U.S. housing market and continued unsettled world markets for pulp, paper and packaging products.
affect although effects expect experience recent residual
Although the recent hurricanes did not significantly affect our operations, we expect to experience residual effects of the storms.
business certain conditions difficult face quarter reflect results third
Our results in the third quarter reflect the difficult business conditions we face in certain segments.
actions customers demand matching serving strategy supply support
These actions support our strategy of matching supply to demand and serving customers from our most efficient, cost-effective facilities.
albert businesses challenged determined fit longer mill operating prince review segments strategic
As part of a strategic review of our businesses operating in structurally challenged segments of the industry, we have determined the Prince Albert mill is no longer a strategic fit for Weyerhaeuser.
conclude directly discuss forced offer prefer refusal
While we still prefer to conclude a negotiated transaction with Willamette, their refusal to discuss a combination has forced us to take our offer directly to Willamette shareholders.
additional continue seek unlock value
We will continue to seek additional opportunities to unlock the value of our portfolio.