The St. Joe Company Announces Retirement of Jeff Keil, Successor & Management Changes
November 19 2015 - 4:34PM
Business Wire
The St. Joe Company (NYSE: JOE) today announced that Jeffrey
Keil is retiring from his position as President & Interim Chief
Executive Officer, effective as of November 18, 2015. Mr. Keil has
served as a Director on the St. Joe Board of Directors since 2011
and assumed the position of President and Interim CEO in August
2014 upon the retirement of Park Brady.
“The entire Board would like to thank Jeff for his agreeing to
step in and serve as our President and Interim CEO during a time of
need. His leadership during a period of transition at St. Joe was
invaluable. Among many things, Jeff was instrumental in assessing
talent at St. Joe and formulating a succession plan for our
executive leadership,” said Bruce Berkowitz, Chairman of the
Board.
Mr. Keil, who has also resigned from his position on the Board
of Directors as of November 18, said “It would be difficult for me
to imagine a happier way to conclude my tenure with St. Joe than by
announcing that Jorge Gonzalez, a senior colleague at St. Joe, has
been selected as my successor as President & CEO. Jorge has
been with St. Joe for 13 years and his most recent assignment has
been Senior Vice President of Development. In that capacity he
supervised the long and complex sector planning entitlement process
that was successfully concluded earlier this year, leaving the
company in a position to advance development of the beautiful and
contiguous land it has owned for over 50 years.”
Mr. Gonzalez has held positions of increasing
responsibility throughout his tenure with the Company. “Jorge’s
experience and thorough understanding of the Company’s history and
operations, as well as his leadership capabilities make him an
excellent choice to lead St. Joe,” said Bruce Berkowitz.
“I am excited to lead St. Joe in the position of President and
CEO and I look forward to working with the talented team of
individuals to take the Company into the future,” said Jorge
Gonzalez. Mr. Gonzalez has also been appointed to fill the vacancy
on the Company’s Board of Directors created by Mr. Keil’s
retirement.
The Company also announced today the departure of Patrick
Bienvenue, Executive Vice President, effective as of November 18,
2015. Mr. Bienvenue is relocating and plans to pursue other
opportunities. Mr. Bienvenue joined St. Joe in September of 2011,
during a time of transition with St. Joe’s Board and management
team. “Patrick has been invaluable over the last four years and we
have benefited from his leadership and dedication in significant
ways, particularly as it relates to the advancement of strategic
planning and development initiatives, as well as his contribution
to the accomplishment of significant development rights
for the Company. We wish him well and thank him for his
leadership,” said Jeff Keil.
Important Notice Regarding
Forward-Looking Statements
This press release includes forward-looking statements,
including the Company’s statement regarding its belief that it is
positioned to advance development of its contiguous land. The
statements made by the Company are based upon management's current
expectations and are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. These risks and
uncertainties include market conditions and other factors beyond
the Company's control and the risk factors and other cautionary
statements described in the Company's filings with the SEC,
including the Company's Annual Report on Form 10-K filed with the
SEC on February 27, 2015 as updated by subsequent Quarterly Reports
on Form 10-Qs and other current report filings.
About The St. Joe
Company
The St. Joe Company together with its consolidated subsidiaries
is a real estate company concentrated primarily between Tallahassee
and Destin, Florida. More information about the Company can be
found on its website at www.joe.com.
© 2015, The St. Joe Company. "St. Joe®", "JOE®", the "Taking
Flight" Design®, "St. Joe (and Taking Flight Design)®" are
registered service marks of The St. Joe Company.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119006708/en/
The St. Joe CompanyInvestor Relations:Marek Bakun,
1-866-417-7132Chief Financial OfficerMarek.Bakun@Joe.Com
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