Michael J. Covey has served as the CEO of PotlatchDeltic Corporation since 2006, bringing a focus on sustainable practices and profitability to the company. He holds a Bachelor’s degree in Forest Management from the University of Florida, which informs his...

Michael J. Covey has served as the CEO of PotlatchDeltic Corporation since 2006, bringing a focus on sustainable practices and profitability to the company. He holds a Bachelor’s degree in Forest Management from the University of Florida, which informs his leadership in the timber and real estate industries. Under his tenure, the company successfully navigated a significant spin-off of its pulp-based business, Clearwater Paper Corporation, in 2008. Covey's strategic approach involves aligning the company’s performance with rigorous financial metrics. For instance, his compensation is largely linked to the company's funds from operations (FFO) and earnings before interest, taxes, depreciation, and amortization (EBITDA). He is currently transitioning from CEO to Executive Chair, indicating a shift in his role while maintaining influence in the company’s direction. Covey is noted for prioritizing long-term performance incentives over immediate cash bonuses, reinforcing a culture of responsibility and alignment with shareholder interests. Through his leadership, PotlatchDeltic has aimed to enhance its position in the market while adhering to environmentally responsible practices.