Weyerhaeuser Names Patricia M. Bedient Executive VP, CFO; Richard J. Taggart Announces Retirement

FEDERAL WAY, Wash., April 19 /PRNewswire-FirstCall/ -- Weyerhaeuser Company today announced that Patricia M. Bedient, 53, has been elected executive vice president and chief financial officer by the board of directors effective immediately.

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Bedient succeeds Richard J. Taggart, 64, who will retire in June after reaching the company's mandatory retirement age. Taggart has served as CFO since April 2003.

In addition to serving as the company's chief financial officer, Bedient will continue to manage the integration of all company planning processes. She will report to Steven R. Rogel, chairman, president and chief executive officer.

"Patty's knowledge of our strategic direction, combined with her financial expertise, makes her an excellent person to succeed Dick in this critical position," Rogel said. "Throughout his career as CFO, the shareholders of our company were well served by Dick's knowledge and understanding of Weyerhaeuser. Patty is uniquely qualified to build upon this foundation as Weyerhaeuser works to further improve its financial performance and returns to our shareholders."

A certified public accountant, Bedient served as managing partner at Arthur Andersen LLP in Seattle and head of that firm's Forest Products Practice before joining Weyerhaeuser. She also worked at the firm's Portland and Boise offices as a partner and as a CPA during her 27-year career with Andersen.

Bedient serves on the board of directors of Alaska Air Group, Oregon State University Foundation Board of Trustees, the Weyerhaeuser Foundation board and the advisory board of the University of Washington School of Business. She is a member of the American Institute of CPAs and the Washington Society of CPAs. She has also served on the boards of a variety of civic organizations, including the World Forestry Center, the City Club of Portland, St. Mary's Academy of Portland and the Chamber of Commerce of Boise, Idaho.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2005, sales were $22.6 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/ .

For more information contact: Media - Bruce Amundson (253) 924-3047 Analysts - Kathryn McAuley (253) 924-2058