10 Things You Didn’t Know About Weyerhaeuser CEO Devin Stockfish
Devin W. Stockfish is the current CEO of Weyerhaeuser Company; a timber, land and forest products company based in Tacoma, Washington in the United States of America. He took the helm at the beginning of 2019 replacing the now-retired CEO Doyle Simons. Mr. Stockfish previously held the positions of senior vice president, associate general counsel, corporate secretary as well as an attorney in his journey to the coveted CEO rank. He has been in the company since 2013 when he joined as an attorney. He is now 46 years old, and his climbing to the top can be attributed to some things that you probably had no clue about, but you will learn them here. So, with a little digging from the Weyerhaeuser website as well as other sources, here are ten facts about Devin.
1. He has a Bachelor of Science degree in Mechanical Engineering from the University of Colorado.
After graduating from high school, Devin W. Stockfish qualified to join the University of Colorado where he pursued and graduated in 1996 with a degree in mechanical engineering. In the initial phases of his career, he appeared to follow a career path related to engineering fields but owing to reasons best known to him, Devin changed along the way.
2. He worked as a mechanical engineer for the Boeing Company
For three years between 1996 and 1999, Mr. Stockfish worked as a mechanical engineer for the giant plane company, Boeing. He worked as a payload and flight systems engineer before leaving to go back to university in a bid to develop his preferred new career in the field of law.
3. He got his Doctor of Jurisprudence in Law Degree from Columbia University School of Law
Having forfeited his career in engineering and determined to coin a new career in the law field, Devin Stockfish joined the prestigious University of Columbia where he pursued a doctor of jurisprudence in law degree. He excelled and graduated in 2002.
4. He practiced corporate law at K&L Gates Law Firm
Upon completion of his law degree, Devin Stockfish joined the K&L Gates law firm where he worked as an attorney in the corporate securities /mergers and acquisitions practice group. He advised companies and organizations, both local and international on matters of law concerning stock exchange, public and private equity financing, venture capital transactions, and beyond the borders business transactions. He worked in the firm for five years between 2002 and 2007 having amassed enough experience in matters of corporate law.
5. He was a corporate counsel at Starbucks Corporation
Between 2007 and 2010, Devin Stockfish worked as an attorney at Starbuck Corporation. Here he dealt with matters of securities and corporate laws with a focus on corporate governance, mergers and acquisitions, and debt financing transactions. He also provided legal advice on multiple issues involving the corporation. Such included global communication, audits, tax, finance, investors, among others.
6. He was the Vice President and Associate General Counsel at Univar, Inc.
For three years between the years 2010 and 2013, Mr. Stockfish served as the Vice President and Associate General Counsel at Univar Inc. Univar, Inc. is a renowned chemical company operating globally. Like in the previous organizations, Devin Stockfish gave counsel on corporate laws, merger & acquisitions, corporate governance, security laws, finance, tax, human resource, debt financing, investor relations among other legal issues. Over his tenure, the company made $9.8 billion net sales. He then moved on to greener pastures at Weyerhaeuser.
7. He has worked at Weyerhaeuser for six years
Devin W. Stockfish has risen through the ranks at Weyerhaeuser for the last six years since he joined the company in 2013 as an assistant general counsel and corporate secretary. His massive steps to the top as stipulated in his LinkedIn profile, are as follows, bearing in mind that his rise paints a picture of hard work and dedication. In his journey to the top, he has had the pleasure of serving in the following levels in the company’s hierarchy.
Between 2014 and 2016, he served as the Senior Vice President, General Counsel, and Corporate Secretary and rose on to serve as the Vice President, Western Timberlands between 2017 and 2018. Devon’s hard work further pushed him upper up the ranks to the position of Senior Vice President, Timberlands between January 2018 and December 2018. Finally, his efforts landed him to the top of the company’s hierarchy as the new President and CEO at the beginning of 2019.
8. Income and Net Worth
Devin W. Stockfish earns a cumulative compensation of $2.9 million, and according to the Wallmine, he is worth at least $8.77million. He owns 5195 units of the company’s stock, which is worth over $5.7 million. In the company, only two other workers earn an amount higher than him with Adrian Blocker, the Senior Vice President, Timberland having the highest compensation of $5.2 million.
9. He is a significant shareholder at Weyerhaeuser Company
Besides being the President and the CEO of the company, Mr. Stockfish has invested in the company. Within the years, Mr. Stockfish has made two significant purchases of the company’s stock. According to Wallmine Journal on 6th June 2019, he bought 5,195 units of stock worth $1.1 million. However, it is noted that his largest purchase was in late last year when he purchased 27,890 units of stock worth a whopping $7.5 million. Currently, he owns about 220,859 units of the company stock.
10. He leads a discreet but professional personal life
Apart from a slight mention of his family in a few journals, Devin Stockfish leads a discreet, quiet life off the limelight. Whenever his name comes up, it is only about his professional life. Despite occupying the highest office in a giant global company and consequently having a high-profile status attached to him, Mr. Stockfish has kept off side shows exhibiting a very high level of professionalism. As such, there are no recorded cases of frictions with the law. This could also be one of the reasons why he has rapidly risen to the top.
