When Dan Fulton took a big leap up the corporate ladder at Weyerhaeuser in January, becoming president of the diversified company, it was part of a paced succession plan to replace chairman and CEO Steve Rogel. Rogel, 65, who'd been chairman and CEO of the company since 1997, was set to retire in two years. Not five months later and the board of directors accelerated that plan, announcing late yesterday that Fulton was also to take on the role of CEO. Rogel will remain chairman in a non-executive role.
Dan Fulton, president of Fulton Research and Consulting, said that by 2010 the Washington, D.C., market will be in the throes of a major shift in demographics, as the population swell from the baby boomer generation moves into older age brackets.