Alexander & Baldwin Appoints George M. Morvis Jr. Vice President of Land Group
Will Head Corporate Development
HONOLULU--(BUSINESS WIRE)-- Alexander & Baldwin, Inc. (ALEX) (A&B) (NYSE:ALEX) has appointed George M. Morvis Jr. to the position of vice president, corporate development of the A&B Land Group, which encompasses A&B Properties, Inc. and A&Bs agricultural businesses. Morvis will oversee Land Group corporate development activities ranging from organic growth initiatives to potential business acquisitions and joint ventures and will report to Christopher J. Benjamin, president of the A&B Land Group; his appointment was effective January 3. Morvis had worked for A&B in the early 1990s and had recently served as a consultant to the Company.
Alexander & Baldwin Appoints George M. Morvis Jr. Vice President of Land Group (Photo: Business Wire)
Investment and growth within our Hawaii operations is an essential focus, Benjamin said, and George has proven to be a valuable contributor to A&B over the last two decades, both as a consultant and previously as an employee. Over the last year, he has spearheaded two important transactionsour partnership with one of the worlds leading marketers of coffee, multi-national coffee company Massimo Zanetti Beverage, and our agreement with Kauai Island Utility Cooperative (KIUC) to build a 6 MW utility-scale solar photo-voltaic (PV) facility on Kauai. We are very pleased to welcome George back to A&B on a full-time basis. Benjamin added, The corporate development function within the Land Group will complement our robust real estate acquisition, development and investment capabilities at A&B Properties to drive shareholder value creation going forward.
Morvis returns to A&B after eighteen years as managing director of Financial Shares Corporation, a boutique consulting firm, where he headed the strategy consulting practice and managed the firms Hawaii office. He had served A&B in 1993 as manager, investor relations and financial communications, having started his career at First Hawaiian Bank.
Morvis earned a masters degree in management from Northwestern Universitys Kellogg Graduate School of Management and a bachelors degree in finance from the University of Illinois.
Alexander & Baldwin, Inc. is headquartered in Honolulu, Hawaii and is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc. and Matson Logistics, Inc.; in real estate through A&B Properties, Inc.; and in agribusiness through Hawaiian Commercial & Sugar Company. 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. 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. We do not undertake any obligation to update our forward-looking statements.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50121929&lang=en
Alexander & Baldwin, Inc.
Meredith J. Ching, 808-525-6669
Investor Relations Inquiries:
Suzy P. Hollinger, 808-525-8422
Source: Alexander & Baldwin, Inc.Copyright Business Wire 2012