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Nate Jorgensen

Chief Executive Officer (CEO) at BOISE CASCADE
Board
Since March 6, 2020
Age
60 years
Education
Holds a bachelor's degree in Civil and Environmental Engineering from the University of Wisconsin and attended the Tuck School of Business Executive Education Program at Dartmouth College.
Tenure
Joined BCC in June 2015 and advanced through several roles including Engineered Wood Products Marketing Manager, Vice President of Engineered Wood Products, Senior Vice President of Engineered Wood Products, Chief Operating Officer, and currently serves as the Chief Executive Officer.

Also at BOISE CASCADE

JS
Jeff Strom
Chief Operating Officer (COO)
JT
Jill Twedt
Senior Vice President, General Counsel, and Secretary
JB
Joanna Barney
Executive Vice President, Building Materials Distribution (BMD)

About

Nate Jorgensen is a highly experienced executive with a strong foundation in engineering and business management. At 60 years old as of February 2025, he has built a robust educational background by earning a bachelor's degree in Civil and Environmental Engineering from the University of Wisconsin and undertaking executive education at the Tuck School of Business Executive Education Program at Dartmouth College.

Beginning his career at BCC in June 2015, he quickly advanced through a series of strategic roles. His early positions included serving as Engineered Wood Products Marketing Manager and progressing to Vice President and then Senior Vice President of Engineered Wood Products. His proven track record in operational excellence led to his role as Chief Operating Officer before assuming the position of Chief Executive Officer on March 6, 2020.

Beyond his work at BCC, he has demonstrated a wide breadth of expertise through previous leadership roles at Weyerhaeuser Company, where he served as Vice President of Weyerhaeuser Distribution, and by contributing to the broader industry with over 30 years of experience. Additionally, his board roles, including his directorship at IDACORP, Inc. and Idaho Power Company since 2023, further illustrate his commitment to advancing the industry and delivering value to shareholders.

$BCC Performance Under Nate Jorgensen

Past Roles

OrganizationRoleDate RangeDetails
Boise Cascade Company (BCC) Chief Operating Officer January 2019 - March 2020 Ended role upon promotion to CEO on March 6, 2020
Boise Cascade Company (BCC) Senior Vice President of Engineered Wood Products, Wood Products November 2017 - January 2019
Boise Cascade Company (BCC) Vice President of Engineered Wood Products, Wood Products February 2016 - November 2017
Boise Cascade Company (BCC) Engineered Wood Products Marketing Manager, Wood Products June 2015 - February 2016
Weyerhaeuser Company Vice President of Distribution February 2011 - June 2015 Held position in the Distribution Business before joining BCC

External Roles

OrganizationRoleDate RangeDetails
IDACORP, Inc. and Idaho Power Company Director Since 2023 Holds a director position overseeing the primary subsidiary Idaho Power Company

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary $1,007,692 2023 Annual Fixed annual salary
Company Contributions to Savings Plans $232,794 2023 Annual Contributions to savings plans
Company-Paid Portion of Executive Officer Life Insurance $1,527 2023 Annual Life insurance coverage for the executive officer

Performance Compensation

Data from  FY 2023

Short-Term Incentive Plan (STIP) (2023)

MetricAmount/DetailsCitation
Performance MetricCorporate EBITDA
Weight100% based on Corporate EBITDA
Threshold Payout25% of target at $175 million
Target Payout100% of target at $365 million
Maximum Payout225% of target at $640 million
Financial Goal Achievement$757 million resulting in a 2.25x multiplier
Actual Base Earnings$1,007,692
Target Award Percentage120%
STIP Payout$2,720,769
Evaluation PeriodBased on 2023 performance, paid in February 2024
VestingNot applicable (cash payout)N/A

Long-Term Incentive Plan (LTIP) (2023)

MetricAmount/DetailsCitation
Performance MetricCorporate ROIC
Threshold (50% of PSUs)5.0% ROIC
Target (100% of PSUs)11.0% ROIC
Maximum (200% of PSUs)22.0% ROIC
2023 Achievement24.9% ROIC resulting in a 2.00x multiplier
Grant DateMarch 1, 2023
Grant Date Stock Price$69.33 per share
Grant Date Fair Value$3,700,003 (Total LTIP value; includes PSUs and RSUs each at $1,850,002)
RSU Award26,684 shares (50% allocation)
PSU Award26,684 shares at target, adjusted to 53,368 shares with multiplier
Vesting Schedule (RSUs)One-third vest on March 1, 2024, March 1, 2025, and March 1, 2026 respectively
Vesting Schedule (PSUs)Vesting on March 1, 2026, contingent on performance
Evaluation PeriodBased on 2023 performanceN/A
Additional ConditionsPSUs subject to achieving ROIC targets; RSUs vest on a time-based schedule