Christopher J. Benjamin Named CEO Of Alexander & Baldwin Effective January 1, 2016
The Alexander & Baldwin, Inc. (NYSE: ALEX) Board of Directors announced today the promotion of Christopher J. Benjamin as A&B's chief executive officer effective January 1, 2016. Benjamin is currently the president and chief operating officer of A&B and president of A&B Properties, Inc., a wholly owned real estate subsidiary of A&B. Stanley M. Kuriyama will retire as chief executive officer on December 31, 2015, and will continue to serve as A&B's executive chairman of the board.
Kuriyama has been A&B's chief executive officer since January 1, 2010. During this time, the Company has undergone a significant transformation, including:
The separation of A&B's real estate and transportation business in 2012, which created two of Hawaii's largest publicly-traded companies, Alexander & Baldwin, Inc. and Matson, Inc.
The investment of $1.2 billion in Hawaii real estate, including acquisitions such as 70% of the commercial center of Kailua from Kaneohe Ranch and the Harold K. L. Castle Foundation, and 30 properties along Kahala Avenue from Genshiro Kawamoto.
The acquisition of Grace Pacific in 2013, Hawaii's largest natural materials and paving contractor.
The continued expansion of A&B's development pipeline,