Deltic Timber Announces Appointment of John D. Enlow as President and Chief Executive Officer
February 27 2017 - 6:30AM
Business Wire
Deltic Timber Corporation (NYSE-DEL), a vertically integrated
natural resources company, today announced that John D. Enlow has
been appointed President and Chief Executive Officer, effective
March 8, 2017. A seasoned forest resources executive, Mr. Enlow
joins Deltic having most recently served as Vice President, Real
Estate and Southern Timberlands at Weyerhaeuser, from 2014 to 2016,
after serving over 16 years in roles of increasing responsibility
at Rayonier Inc.
“We are pleased to welcome a proven leader of John’s caliber and
experience to the Deltic team,” said Robert C. Nolan, Chairman of
the Board. “John’s broad industry expertise in forestry, real
estate development, finance and operations will be invaluable as
the Company continues to capitalize on momentum in the housing and
wood products markets. Deltic has a strong foundation in place and
we are confident that, under John’s leadership, Deltic will
continue to deliver high quality products, achieve strong financial
and operational performance and enhance shareholder value.”
Mr. Nolan continued, “We also want to thank Mark Leland for
stepping in to lead the Company on an interim basis while the Board
conducted its search process.”
“I am honored to join the talented team at Deltic and am excited
about the opportunities that lie ahead for the Company,” said Mr.
Enlow. “Deltic has an outstanding asset base and strong
manufacturing operations. I look forward to working closely with
the Board and other members of the management team to set and
execute the Company’s strategy and continue creating value for all
of Deltic’s shareholders.”
About John D. Enlow
Mr. Enlow brings more than 25 years of experience in the forest
resources industry to Deltic. He most recently served as Vice
President, Real Estate and Southern Timberlands at Weyerhaeuser,
where he was responsible for setting business strategy, developing
talent and overseeing forest operations as well as real estate
sales, development and strategic acquisitions. Previously, Mr.
Enlow served as director of the Atlantic and Northern timberlands
regions at Rayonier Inc. Prior to those roles, he served in various
roles across Rayonier Inc. including Manager Business Development,
Procurement Operations Manager-East Area, Chip Procurement Manager
and Manager Operations Analysis. Before joining Rayonier, Mr. Enlow
held roles in sales, finance and forestry at Union Camp
Corporation. Mr. Enlow holds a Bachelor of Science degree from
Mississippi State University and an MBA from Brenau University. He
also is a graduate of Wharton’s Executive Strategy program and
serves on the Board of Directors of the Georgia Forestry
Association & Wood Supply Research Institute and Forest
Resources Association.
Forward-Looking
Statements
Statements included herein that are not historical in nature are
intended to be, and are hereby identified as, “forward-looking
statements” within the meaning of the federal securities laws. Such
statements reflect the Company’s current expectations and involve
certain risks and uncertainties. Actual results could differ
materially from those included in such forward-looking statements.
Factors that could cause such differences include, but are not
limited to, the cyclical nature of the industry, changes in
interest rates, credit availability, general economic conditions,
adverse weather, cost and availability of materials used to
manufacture the Company’s products, natural gas pricing and volumes
produced, and the other risk factors described from time to time in
the reports and disclosure documents filed by the Company with the
Securities and Exchange Commission.
About Deltic
Deltic Timber Corporation is a natural resources company focused
on the efficient and environmentally responsible management of its
land holdings. The Company owns approximately 530,000 acres of
timberland, operates two sawmills and a medium density fiberboard
plant, and is engaged in real estate development. Headquartered in
El Dorado, Arkansas, the Company’s operations are located primarily
in Arkansas and north Louisiana.
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version on businesswire.com: http://www.businesswire.com/news/home/20170227005437/en/
Deltic Timber CorporationInvestor Relations:D. Mark Leland,
870-881-6432ir@deltic.com
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