EVP of Wood Products Resigns; Interim Successor Appointed

summarizeSummary

Rayonier's Executive Vice President of Wood Products is resigning to take a CEO role elsewhere, with an interim successor immediately appointed to ensure a smooth transition.

check_boxKey Events

• Executive Vice President Resigns

  Ashlee Townsend Cribb, Executive Vice President, Wood Products, is resigning effective March 20, 2026, to pursue a CEO role with a privately-owned company.

• Amicable Departure

  The company stated that Ms. Cribb's resignation was not the result of any disagreement with Rayonier or its management.

• Interim Successor Appointed

  Ryan M. Daniels, Senior Vice President, Operations of the Wood Products business, has been appointed Interim Senior Vice President, Wood Products, effective March 20, 2026.

• Interim Compensation Details

  Mr. Daniels will receive a monthly incremental salary stipend of $5,250, eligibility for a cash bonus equal to 60% of his salary component, and a $200,000 equity award in Restricted Stock Units vesting over four years.

auto_awesomeAnalysis

This 8-K reports the resignation of Ashlee Townsend Cribb, Executive Vice President of Wood Products, effective March 20, 2026, as she pursues a CEO role at a privately-owned company. The company noted her departure was not due to any disagreement. Ryan M. Daniels, previously SVP of Operations for Wood Products, has been appointed Interim Senior Vice President. While the departure of a key executive introduces some uncertainty, the amicable nature of the resignation and the immediate appointment of an experienced interim leader help ensure continuity. The company will conduct a search for a permanent successor.