Long Term Shareholders Ron Gutstein and Scott Frisoli Respond to Election of New Keweenaw Board Member
August 10 2010 - 3:57PM
Business Wire
Keweenaw Land Association, Limited ("KEWL") shareholder Ronald
S. Gutstein commented today on the appointment of Mr. Frederick J.
(Rick) Weyerhaeuser to the Board of Directors. Mr. Weyerhaeuser
will occupy the seat of retiring Board member Mr. David E.
McDonald.
“I am thrilled to have an individual of Mr. Weyerhaeuser's
caliber joining our board. I expect his industry knowledge and
expertise should have an immediate impact on the value of our
Company. I hope that his appointment to the Board is a further step
in an ongoing process that will help our shareholders realize the
value that has long been present. All shareholders should be
pleased that a widely recognized industry expert such as Mr.
Weyerhaeuser recognizes the opportunity that Keweenaw Land
Association represents, and wants to be a part of it.
Scott and I would like to thank Mr. McDonald for his many years
of tireless service to our company. We wish him the very best and
look forward to seeing him at next year's annual meeting.”
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