PricewaterhouseCoopers has been Plum Creek's public accountant since the company went public in 1989. Plum Creek said the decision to change auditors was not based on any disagreement between the company and PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial disclosure, or auditing scope or procedure.
"Plum Creek's resources and business opportunities have significantly changed and expanded, and we felt that this was an appropriate and opportune time to evaluate which professional service providers would best serve the company going forward," said Rick Holley, Plum Creek president and CEO.
The appointment of Ernst & Young was made following an evaluation process conducted by members of Plum Creek management and the Audit and Compliance Committee of the board of directors. Plum Creek is one of the largest land owners in the nation, with over 7.8 million acres of timberlands in every significant timber-growing region of the United States and ten wood product manufacturing facilities in the Northwest.
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