JACKSON, Miss. -- The Molpus Woodlands Group, LLC (Molpus) announced Terrell Winstead will become Molpus's new President on August 1, 2022. Bob Lyle, Molpus's current President, will transition from day-to-day management but will continue to serve Molpus as Special Advisor to the President, as well as continuing to serve as a member of its board, its investment committee, and as managing broker for its real estate activities.
Winstead currently serves as Molpus's Executive Vice President. He previously served Molpus as its longtime Chief Financial Officer.
"I am pleased that Terrell was chosen to serve as the next president of our company," said current president Bob Lyle. "He has the upmost confidence of our board and senior leadership as he brings more than thirty-five years of industry experience with Molpus to the position. Terrell has been an impactful driver of the strategic growth of our company as well as the overall timberland industry. His deep experience and knowledge of the sustainable timberland management business will help ensure the continued success of our clients and our company."
"I am excited and honored to assume the role of president in a company that has served as an important leader to others in our industry," said Winstead. "My vision for Molpus is to continue to drive and support the values that have sustained our over 100-year company legacy of excellence, integrity, sustainability, and perseverance," he added. "I am also glad to have Bob continue to serve our company as an advisor to me and continue to serve as a member of our board, our investment committee, and as a managing broker. He has been an important leader, mentor, and strategic thinker in our company for more than twenty-six years, and his continued involvement provides additional depth of leadership to our future success."
In addition, Molpus today announced that, effective August 1, 2022, Michael Cooper, Senior Director of Client Relations and Business Development; Tyler Rosamond, Chief Financial Officer; and Ken Sewell, Chief Operating Officer, have been promoted to additional positions as Executive Vice President within Molpus. Also, George Dahduh has been promoted to the position of Vice President of Client Relations and Business Development.
"With this restructuring of our in-house talent, I believe we are continuing to build upon our rich heritage as we move forward in the ever-evolving world of sustainable timberland management. We are excited about the robust investment opportunities that exist in U.S. forests that should allow us to employ sustainable forestry management while delivering value for our investors." said Winstead.