Alexander & Baldwin Announces Retirement, Promotions
2011年3月1日 - 7:00AM
ビジネスワイヤ(英語)
Alexander & Baldwin, Inc. President and CEO Stanley M.
Kuriyama today announced management changes that will facilitate a
smooth transition of leadership upon the planned retirement of
Norbert M. Buelsing, president of A&B Properties, Inc., the
real estate subsidiary of Alexander & Baldwin, Inc. (NYSE:ALEX)
(A&B). Buelsing has served as president of A&B Properties
since October 2008, and first joined A&B in 1990. He has not
yet set a firm date for his retirement and has agreed to stay on
while other transitions, described below, are implemented.
Norbert M. Buelsing (Photo: Business
Wire)
Kuriyama announced the following organizational changes:
- Christopher J. Benjamin, currently
senior vice president, chief financial officer and treasurer of
A&B and general manager of Hawaiian Commercial & Sugar
Company (HC&S), will be promoted to president, A&B Land
Group, reporting to Kuriyama. The Land Group includes A&B
Properties and the Company’s various agricultural businesses.
- Rick W. Volner Jr., currently senior
vice president of agricultural operations at HC&S, will be
promoted to general manager of HC&S, and will continue to
report to Benjamin. This promotion will be effective April 1,
2011.
- To facilitate the replacement of
Benjamin as A&B’s Chief Financial Officer, the Company has
initiated a search with Russell Reynolds Associates, a global
executive search firm. Buelsing’s retirement and Benjamin’s
appointment to his new role will be effective upon the hiring of a
CFO.
"Norb has been an invaluable contributor to A&B over the
past 20 years, and deserves credit for growing the Company’s
outstanding commercial portfolio from just 16 properties in 1990 to
46 properties today, and building tremendous value for our
shareholders in the process,” Kuriyama said. “Under his leadership,
A&B Properties has weathered the recent economic cycle
remarkably well, and has positioned itself for growth in the
recovering economy. I appreciate his willingness to facilitate a
smooth transition over the next several months before his
well-deserved retirement.”
“Chris Benjamin has served the company extremely well as our
chief financial officer, and his success in the remarkable
turnaround of HC&S this past year has led to this major
expansion of his operating responsibilities,” Kuriyama continued.
“His effective leadership skills, strategic capabilities and
knowledge of our agricultural businesses will allow the company to
continue to exercise responsible stewardship over, and value
creation from, our lands and I have no doubt he will be able to
build upon the success we have achieved in our real estate
business. Chris will also remain in charge of the company’s
evaluation of renewable energy opportunities, which are of critical
strategic importance to the future of HC&S.”
Benjamin commented on Volner’s promotion: “Rick has been an
integral part of the transformation that has taken place at
HC&S, leading the agricultural team that increased sugar
production by 35 percent from 2009 to 2010. As a Maui native, he
combines a profound understanding of and respect for the local
community with his deep knowledge of sugar farming and milling
operations. Rick’s family has had a long history of contributions
to HC&S. Rick’s great grandparents worked for Maui Agricultural
Company, a predecessor of HC&S, and both his grandparents
worked at HC&S, where his grandmother retired after 46 years of
service. I am thrilled that we are able to recognize Rick by
promoting him to the position of general manager of HC&S.”
Additional information follows:
- Norbert M. Buelsing joined
A&B-Hawaii, Inc., which then was A&B's property management
and development and food products subsidiary, in 1990 as vice
president and was promoted to senior vice president a year later.
In 1997, he was named executive vice president of A&B
Properties, Inc. In 2008 he was named president of A&B
Properties. Before joining A&B he was executive vice president
and chief operating officer for Chaney Brooks & Company, a
Hawaii real estate firm, where he enjoyed a nine-year career.
- Christopher J. Benjamin joined
Alexander & Baldwin in 2001 as director of corporate
development and was promoted to vice president in 2003. In 2004, he
was named chief financial officer and in 2005 was promoted to
senior vice president. In 2006 he was named treasurer of Alexander
& Baldwin. In 2009, Benjamin was named general manager of
HC&S, and in 2010 took on responsibility for overseeing
A&B’s other agribusiness operations, including Kauai Coffee
Company. Prior to joining A&B, Benjamin had worked for General
Motors Corporation, Sony Corporation, Booz-Allen & Hamilton and
The Queen’s Health Systems. Benjamin holds a bachelor’s degree in
economics from the University of Michigan and a master’s degree in
business administration from Harvard Business School.
- Rick W. Volner, Jr. joined HC&S in
1997 as an agricultural engineer and has progressed through a
series of roles, including farm manager, vice president – farm
operations, and most recently senior vice president agricultural
operations. Prior to joining HC&S, Volner worked for the
Honolulu Board of Water Supply for four years. Volner holds a
bachelor’s degree in mechanical engineering from the University of
Hawaii at Manoa.
Alexander & Baldwin, Inc., headquartered in Honolulu,
Hawaii, is engaged in ocean transportation and logistics services
through its subsidiaries, Matson Navigation Company, Inc. and
Matson Integrated Logistics, Inc.; in real estate, through A&B
Properties, Inc.; and in agribusiness, through Hawaiian Commercial
& Sugar Company and Kauai Coffee Company, Inc. Additional
information about A&B may be found at its web site:
www.alexanderbaldwin.com
Statements in this press release that are not historical facts
are "forward-looking statements," within the meaning of the Private
Securities Litigation Reform Act of 1995, that involve a number of
risks and uncertainties that could cause actual results to differ
materially from those contemplated by the relevant forward-looking
statement. Factors that could cause actual results to differ
materially from those contemplated in the statements include,
without limitation, overall economic conditions, failure to satisfy
the closing conditions set forth in the definitive agreement and
other risks associated generally with acquisitions and
developments. These forward-looking statements are not guarantees
of future performance. This release should be read in conjunction
with our Annual Report on Form 10-K and our other filings with the
SEC through the date of this release, which identify important
factors that could affect the forward-looking statements in this
release.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6629016&lang=en
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