Weyerhaeuser appoints former Lennar co-CEO Richard Beckwitt to board; board expands to 11

WEYERHAEUSER CO

Beckwitt appointed to board effective Nov 14, 2025; board size increased from 10 to 11.
Beckwitt served as co-CEO & president of Lennar (2020-2023), previously president of D.R. Horton.
He receives pro-rata director retainer ~$147,170 ($58,868 cash, $88,302 RSUs) until 2026 annual meeting.
All executive officers entered new severance and change-of-control agreements on Nov 13, 2025; terms largely unchanged.
CEO severance: 2x salary+bonus outside change of control; 3x salary+bonus under change of control.

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