Weyerhaeuser adds former Lennar CEO Rick Beckwitt to board

Weyerhaeuser Company (NYSE: WY) appointed Richard "Rick" Beckwitt to its board of directors, effective immediately, according to a company statement.

Beckwitt previously served as president, chief executive officer and director of Lennar Corporation, one of the nation's largest homebuilders with 2024 revenues exceeding $35 billion. He retired as co-chief executive officer and co-president in September 2023, positions he held since 2020.

Beckwitt joined Lennar in 2006 as executive vice president, became president in 2011 and was promoted to chief executive officer in 2018. He served on Lennar's board from 2018 until his retirement.

Before Lennar, Beckwitt served as president and director of D.R. Horton, where he led the company through growth and multiple acquisitions. He also worked as owner and principal at EVP Capital, L.P., a venture capital and real estate advisory company, and in corporate finance and mergers and acquisitions with Lehman Brothers.

"Rick brings more than 30 years of experience in the homebuilding and real estate industries, including leading two of the largest homebuilding companies in the United States," said Rick R. Holley, chairman of Weyerhaeuser's board.

Beckwitt holds a bachelor of arts degree in psychology from Claremont McKenna College and serves as a director of Eagle Materials, Inc., and Ferguson Enterprises, Inc.

Weyerhaeuser owns or controls approximately 10.4 million acres of timberlands in the U.S. and manages additional public timberlands under long-term licenses in Canada. The company generated $7.1 billion in net sales in 2024.

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