Bluegreen Vacations Corporation Announces Resignation of Shawn B. Pearson
November 25 2019 - 11:12AM
Business Wire
Alan B. Levan Appointed as President and
Chief Executive Officer
Raymond S. Lopez Appointed as Chief
Operating Officer
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) ("BBX
Capital"), announced that Bluegreen Vacations Corporation (NYSE:
BXG), which is 90% owned by BBX Capital, issued the following press
release. Please see the Bluegreen press release below.
About BBX Capital Corporation: BBX Capital Corporation
(NYSE: BBX) (OTCQX: BBXTB) is a Florida-based diversified holding
company whose principal investments include Bluegreen Vacations
Corporation (NYSE: BXG), BBX Capital Real Estate, Renin Holdings,
and IT’SUGAR. For additional information, please visit
www.BBXCapital.com.
BBX Capital Corporation Investor Relations Contact: Leo
Hinkley, Managing Director, Investor Relations Officer Phone:
954-940-5300 Email: LHinkley@BBXCapital.com
---------
Bluegreen Vacations Corporation Announces
Resignation of Shawn B. Pearson
Alan B. Levan Appointed as President and
Chief Executive Officer
Raymond S. Lopez Appointed as Chief
Operating Officer
BOCA RATON, Fla. (November 25, 2019) -- 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/20191125005601/en/
Bluegreen Vacations Media Contact: Nikki Sacks,
203-682-8263 or Evelyn Infurna, 203-682-8265 Email:
bluegreenvac@icrinc.com
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