Weyerhaeuser adds Enbridge CEO to its board

Weyerhaeuser adds Enbridge CEO to its board | Weyerhaeuser, board, CEO,

SEATTLE (News release) -- Weyerhaeuser Company announced that Al Monaco has been elected as a member of the company's board of directors, effective Feb. 18, 2020. Monaco has served as president and CEO and a director of Enbridge Inc., a leading North American energy infrastructure company based in Calgary, Canada, since October 2012.

"We are very pleased to welcome Al to the Weyerhaeuser board of directors," said Rick R. Holley, chairman of the board of directors. "Al has broad experience leading a large, multinational corporation, and he has deep expertise with commodity pricing cycles and capital-intensive businesses. His strong commitment to safety, sustainability and inclusion align well with Weyerhaeuser's core values."

Since his appointment as CEO, Monaco has led Enbridge through a period of growth and international expansion, including the acquisition of Houston-based Spectra Energy in 2017 and European offshore wind energy, and he has overseen ongoing investments in safety, reliability and environmental protection. He is a director and member of the American Petroleum Institute Executive and Finance Committees, and a member of the U.S. National Petroleum Council, the Business Council of Canada, the Business Council of Alberta, and the Catalyst Canada Advisory Board.