Executive Changes at Anderson-Tully

Anderson-Tully announced today some executive-level changes. Chip Dickinson, President and Chief Executive Officer of Anderson-Tully, will resign as an officer effective late October 2011 in order to join E. Ritter and Company (based in Marked Tree, Arkansas) as President. Mr. Dickinson joined Anderson-Tully in 1995 and was the primary liaison in Anderson-Tully’s 2006 acquisition by an affiliate of The Forestland Group (based in Chapel Hill, North Carolina), and continued to lead the Company following the transaction.

Two long-time executives will be promoted. Richard L. Wilkerson, currently Executive Vice-President of Anderson-Tully Lumber Company, will be promoted to President of Anderson-Tully Lumber Company. W. Norman Davis, currently Executive Vice-President of Anderson-Tully Company, will be promoted to President of Anderson-Tully Company. Chris Zinkhan, based in North Carolina and the Chairman of Anderson-Tully’s Board of Directors, will assume the role of Chief Executive Officer. In his new position, Mr. Wilkerson will oversee lumber manufacturing and sales, human resources, and information technology. Mr. Davis will be responsible for the timberlands, forestry operations, wildlife management, and river transportation.

Wilkerson began his career in 1978 in Vicksburg operations and later spent 10 years as a sales representative with Anderson-Tully in Memphis. Wilkerson returned to Vicksburg in 1996 as Vice-President-Lumber Sales. Wilkerson currently serves on the Executive Committee of the Hardwood Manufacturers Association and is a former board member of the American Hardwood Export Council. Locally, Wilkerson serves on the YMCA Board of Directors and is actively involved with the Salvation Army. He and his wife Ruth are members of Church of the Holy Trinity, Episcopal and have two sons, George and Gordon.

Davis spent from 1978 to 1990 in the Anderson-Tully forestry department managing timberland primarily north of Memphis. He worked for Temple-Inland Forest Products Corporation from 1990 through 1999 where he developed and implemented a hardwood management program for lands in Texas, Louisiana, Georgia and Alabama. Davis returned to Anderson-Tully in late 1999 as Lands Manager. He is currently Chairman of the Southern Hardwood Forestry Research Group and Vice-Chairman of the Southern Hardwood Forestry Group. He and his wife Kyran have three children and two grandchildren and live in Clinton, MS.

Mr. Zinkhan made the following statement about the changes and the Company’s future: “We are very appreciative of Chip’s contribution and long service to the Company; Chip, Richard, and Norman have been instrumental in improving the productivity and efficiency of the Company since the merger. With these improvements and our new executive team, we are excited about our niche within the hardwood sector and our ability to compete now and in the future within the global marketplace.”

Anderson-Tully, a Mississippi corporation was founded in 1889 and is one of Vicksburg’s oldest and largest industries.