Pope Resources appoints new chief executive

The US timberland firm has appointed Thomas Ringo as chief executive. The firm has three timber funds.

Pope Resources, the NASDAQ-listed timberland property firm, has appointed Thomas Ringo as chief executive permanently; Ringo has been serving as interim chief executive since the end of May. He has worked on Pope’s management team since 1989 and was chief financial officer before taking the chief executive role.

Pope Resources and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 193,000 acres of timberland and development property across Washington, Oregon and California, including three private equity timber funds.

“These funds provide an efficient means of investing our own capital in Pacific Northwest timberland while earning fees from managing the funds for third-party investors,” reads a press release.

Ringo replaces David Nunes who was president and chief executive for 12 years. Nunes resigned to join Rayonier Inc, a New York stock exchange-listed international forest products company.