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Potlatch Appoints John Moody Lead Director

^{Published on 2009-01-16 11:26:00, Last Modified on 2009-01-16 11:26:37 - Market Wire}
 

SPOKANE, Wash.--([ BUSINESS WIRE ])--Potlatch Corporation (NYSE:PCH) announced it has appointed John Moody as lead independent director on the Potlatch board of directors. Moody succeeds Dr. William T. Weyerhaeuser, who resigned from the Potlatch board in December 2008 to join the Clearwater Paper Corporation board upon the completion of the spin-off of Clearwater Paper from Potlatch.

Moody, age 60, has been a member of the Potlatch board since 2006. He is the president of Proterra Management, LLC, which is the general partner and manager of Proterra Realty Fund, LTD. He is also a board member for Huron Consulting Group, Inc. The Potlatch board now consists of nine members following the departure of Dr. Weyerhaeuser and Michael T. Riordan, who both joined the Clearwater Paper board.

"John Moody is a strong leader with extensive executive experience in the REIT sector. He will serve the company and shareholders well in his new role," said Michael J. Covey, chairman, president and CEO of Potlatch.

ABOUT POTLATCH

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Arkansas, Idaho, Minnesota and Wisconsin. Potlatch, a verified forest practices leader is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Litigation Reform Act of 1995 as amended. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause Potlatch's actual results to differ materially include those risks and uncertainties described from time to time in Potlatch's public filings with the Securities and Exchange Commission. Potlatch does not undertake to update any forward-looking statements.