As previously disclosed on October 30, 2023, in connection with David L. Nunes? announcement of his retirement as a member of the Board of Directors of Rayonier Inc., effective March 31, 2024, the Board announced its intention to appoint Mark D. McHugh as a member of the Board on April 1, 2024. On March 8, 2024, the Board elected Mr. McHugh as a director of the Board to be effective on the Transition Date.