HONOLULU, July 10, 2017 /PRNewswire/ -- Alexander &
Baldwin, Inc. (NYSE:ALEX) (A&B or Company), a New York Stock Exchange listed real estate investment trust, today announced
James E. Mead has been named chief financial officer, effective immediately. Mead succeeds
Paul K. Ito, who will continue as senior vice president, finance and treasurer of A&B through
the end of the year to ensure a smooth transition.
Jim Mead most recently served as chief financial officer for SL Green Realty Corporation, a
real estate investment trust and the largest office landlord in New York City, from late 2010 to
early 2015, a period during which the Company realized a 75% increase in its stock price. Prior to joining SL Green, Mead served
as CFO of Strategic Hotels & Resorts (2004-2010) and Irvine Company Apartment Communities (1996-1999), and held executive
positions with Irvine Company and JP Morgan.
"We are fortunate to find someone with Jim's broad experience in commercial real estate and real estate investment trusts,
deep knowledge of capital markets, and proven track record in leading and developing strong financial teams. He will be an
invaluable addition to our leadership team as we focus on our strengths in commercial real estate and work to effect our
conversion to a real estate investment trust," said Chris Benjamin, A&B president and CEO.
Mead holds a bachelor's degree in engineering from Tulane University and a master's degree in
business administration from the University of Virginia. He currently serves on the Board of
Directors for Easterly Government Properties and the Boards of Advisors for The CenterCap Group and Tulane
University School of Science and Engineering.
ABOUT ALEXANDER & BALDWIN
Alexander & Baldwin, Inc. is a Hawaii-based public company, with interests in commercial
real estate, land operations, materials and infrastructure construction. With ownership of approximately 87,000 acres in
Hawaii, A&B is the state's fourth largest private landowner, and one of the state's most
active real estate investors. The Company manages a portfolio comprising 4.7 million square feet of leasable space in
Hawaii and on the U.S. Mainland and is the largest owner of grocery/drug-anchored retail centers
in Hawaii. A&B also is Hawaii's largest materials company
and paving contractor. Additional information about A&B may be found at www.alexanderbaldwin.com.
FORWARD-LOOKING STATEMENTS
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. Forward-looking statements can typically be identified by words such as
"believe," "expect," "estimate," "predict," "target," "potential," "likely," "continue," "ongoing," "could," "should," "intend,"
"may," "might," "will," "plan," "seek," "anticipate," "project" and similar expressions, as well as variations or negatives of
these words.
Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future
performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could
cause actual results and the timing of certain events to differ materially from those expressed in or implied by the
forward-looking statements. These factors include, but are not limited to, prevailing market conditions. A further description of
the risks, trends, uncertainties and other factors that could affect the forward-looking statements in this press release are
discussed in Company's most recent Form 10-K and other filings with the SEC. The information contained in this press release
should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's
forward-looking statements.
Contact:
Darren Pai
808.525.6659
dpai@abinc.com
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SOURCE Alexander & Baldwin, Inc.