Bluegreen Vacations Corporation Announces Resignation of Shawn B. Pearson
November 25 2019 - 6:55AM
Business Wire
Alan B. Levan Appointed as President and Chief
Executive Officer
Raymond S. Lopez Appointed as Chief Operating
Officer
Bluegreen Vacations Corporation (NYSE:BXG) ("Bluegreen
Vacations" or the “Company") announced today that Shawn B. Pearson
has resigned as President and Chief Executive Officer (“CEO”)
effective December 31, 2019 for family reasons. Alan B. Levan will
succeed Mr. Pearson as President and CEO of the Company following
Mr. Pearson’s separation. Mr. Levan has served as Chairman of
Bluegreen Vacations for over 15 years. Mr. Levan also serves as
Chairman, CEO and President of BBX Capital Corporation (NYSE:BBX)
(“BBX Capital”). BBX Capital, indirectly through its wholly-owned
subsidiary, Woodbridge Holdings Corporation, owns approximately 90%
of the Company’s outstanding common stock.
“I would like to thank Shawn Pearson for his years of service to
the Company and successfully leading our initial public offering in
2017 and for building a strong management team. I wish Shawn and
his family well,” said Mr. Levan.
The Company also announced that Raymond S. Lopez was appointed
Chief Operating Officer, in addition to his current role as
Executive Vice President, Chief Financial Officer & Treasurer.
Mr. Lopez will also continue to serve as Executive Vice President
and Chief Financial Officer of BBX Capital Corporation. Mr. Lopez
previously served as Chief Accounting Officer of the Company from
2005 through 2015 and as Controller from 2004 to 2005. Mr. Lopez is
a Certified Public Accountant, is currently serving as the
Co-Chairperson of the ARDA Finance Committee and was named “Chief
Financial Officer of the Year” by the South Florida Business
Journal in 2018.
“Ray has a thorough understanding of our business and has
demonstrated his ability to successfully lead management teams to
achieving the Company’s goals. I look forward to continuing to work
with Ray in his new role,” said Mr. Levan.
About Bluegreen Vacations Corporation
Bluegreen Vacations Corporation (NYSE: BXG) is a leading
vacation ownership company that markets and sells vacation
ownership interests (VOIs) and manages resorts in top leisure and
urban destinations. The Bluegreen Vacation Club is a flexible,
points-based, vacation ownership plan with approximately 219,000
owners, 69 Club and Club Associate Resorts and access to more than
11,350 other hotels and resorts through partnerships and exchange
networks as of September 30, 2019. Bluegreen Vacations also offers
a portfolio of comprehensive, fee-based resort management,
financial, and sales and marketing services, to or on behalf of
third parties. Bluegreen is approximately 90% owned by BBX Capital
Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding
company. For further information, visit
www.BluegreenVacations.com.
About BBX Capital Corporation
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a
Florida-based diversified holding company whose activities include
its approximate 90% ownership interest in Bluegreen Vacations
Corporation (NYSE: BXG) as well as its real estate and middle
market divisions. For additional information, please visit
www.BBXCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191125005191/en/
Bluegreen Vacations Corporation: Nikki Sacks,
203-682-8263 or Evelyn Infurna, 203-682-8265 Email:
bluegreenvac@icrinc.com
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