Railroads & Clearcuts

 

Plum Creek Timber - Shareholders, Directors & Officers

 
Principal Shareholders

In 1991, investment managers associated with Texas oilman Robert Bass founded SPO Partners (Mill Valley California). By 1999, SPO Partners held 17 million shares or 27% of the stock of Plum Creek Timber. SPO Partners include John Scully (not the Apple CEO), William Oberndorf, William Patterson, and members of the Fisher family (of The Gap and redwoods infamy).

As of December 2005, SPO Partners also had ownership interests in Advent and ProQuest software, Crown Castle International, Cabot Corp, Liberty Global, American Tower, and other companies. SPO also has an interest in Maritz, Wolff & Company, which has interests in luxury hotels including the Fairmont and Nob Hill hotels in San Francisco, the Chicago Fairmont, New York's Plaza Hotel, and Boston's Copley Plaza.

SPO and Robert Bass have been associated with numerous other corporations including Main Street Advisory Partners (MS Advisory Partners) and San Francisco Partners (SF Advisory Partners)

Board of Directors

Source: April 2005 SEC DEF14A proxy form

Rick R. Holley

President and CEO since 1994.

Ian B. Davidson

Chairman of Davidson Companies (brokerage firm D.A. Davidson & Co.)

Robin Josephs

Managing director of Ropasada, LLC, a private investment firm. Employed by Goldman Sachs from 1986 to 1996. Former analyst for Booz Allen & Hamilton. Director of iStar Financial and Instinet Group.

John G. McDonald

Professor of Finance in the Graduate School of Business at Stanford University. Director of Varian, Scholastic Corp, iStar Financial, and eight mutual funds managed by Capital Research and Management Company.

Robert B. McLeod

Chairman of the board and chief executive officer of Newland Communities, which has developed 65 master-planned communities and other residential projects in 14 states. McLeod was previously employed by Genstar Land USA, Newland Communities' predecessor company.

Hamid R. Moghadam

CEO of AMB Property Corp.

John H. Scully

Director since 1992. Managing director of SPO Partners & Co. Chairman of the board for Advent Software, Inc. Since 1991, Scully's principal occupation has been as a Managing Director of SPO Partners & Co., the private investment firm that controlled the former Plum Creek L.P. Scully is a 1966 graduate of Princeton University and a 1968 graduate of the Stanford Graduate School of Business. Scully is a trustee of Princeton University, where he serves as chair of the finance committee. He has been a director of Bell & Howell, Stanford Management Company, Stanford Health Services, and Advent Software. Scully is a former director of the Stanford Business School Trust, and a former member of the Board of Visitors of the Stanford Institute for International Studies. He also is president and founder of the Making Waves Program, which serves 150 inner-city youth and their families in Richmond, California. Mr. Scully lives in Ross (Marin County) California, with his wife, Irene, and six children. Scully described himself as "violently entrepreneurial and terribly aggressive" as a young businessman, and now believes that "commercial life is more structured, terribly litigious, and quite confrontational" and that "there has been a regrettable redirecting of focus away from the greater good to one's personal potential gain or the gain of one's narrow interest group" (Stanford Business School Magazine, "When Anything Was Possible").

Stephen C. Tobias

Director of Norfolk Southern Railway.

Carl B. Webb

Former President of Golden State Bancorp/California Federal Bankand director of First Nationwide Mortgage Corporation.

 

Executive Officers

Source: April 2005 SEC DEF14A proxy form

Rick R. Holley

President and Chief Executive Officer

William R. Brown

Executive Vice President and Chief Financial Officer

Michael J. Covey

Executive Vice President.
Formerly General Manager, Rocky Mountain Timberlands, 1996-1998, Director of Operations, Rocky Mountain Region, 1995-1996, and was Plant Manager of Ksanka Sawmill, 1992-1995.

Thomas M. Lindquist

Executive Vice President

James A. Kraft

Senior Vice President, General Counsel and Secretary.

David A. Brown

Vice President, Controller

Barbara L. Crowe

Vice President, Human Resources.
Former Vice President for Human Resources for Weight Watchers Gourmet Food Co., a subsidiary of the H.J. Heinz Company. From November 1991 through September 1995, Crowe worked in Human Resources at Ore-Ida Foods, Inc., a subsidiary of the H.J. Heinz Company, first as Manager, then as General Manager.

Joan K. Fitzmaurice

Vice President, Audit and Financial Services

David W. Lambert

Vice President, Treasurer