Alexander & Baldwin Inc. will undergo a leadership change this summer as Chief Executive Officer Christopher Benjamin retires and is replaced by current A&B President and Chief Operating Officer Lance Parker.
Benjamin will retire on June 30, but will remain a consultant until the end of 2023 to ensure a smooth transition and complete various aspects of A&B’s simplification strategy.
Parker will assume his new position on July 1st.
A&B Chairman of the Board Eric Yeaman said Benjamin has achieved his goal of transforming A&B. “From a diversified conglomerate to a focused commercial real estate company”
hoodie
“Consistent with his long-term intention to retire at 60, he is handing the reins to the team to lead A&B into the future.”The Board and I thank him for his outstanding leadership over the past seven years. ”
Benjamin was at the helm in 2016 when A&B phased out its sugar business and Hawaiian Commercial & Sugar Co. closed. Also, from 2009 until 2011 he was the general manager of HC&S.
A&B sold 41,000 acres of farmland to Mahi Pono in 2018, but remains a half-owner of the East Maui Irrigation System agricultural company.
“We have accomplished a lot in moving A&B from a diversified business to a centralized real estate company. .” Benjamin said.
“With an excellent team of real estate professionals in place under Lance Parker’s leadership, we are confident in A&B’s trajectory as a Hawaii commercial real estate company.”
Parker, who previously headed A&B’s real estate division, was appointed COO in 2021 and was promoted to president earlier this year. He joined the company in his acquisition role in 2004, and throughout his career at A&B, returned to Hawaii to oversee A&B’s mainland commercial portfolio and develop fully integrated in-house property management and leasing. He has held positions of steadily increasing responsibility. capacity, the news release said.
“I am honored to have been selected as the next CEO of A&B.” Parker said. “We look forward to continuing to work with our dedicated employees and board to grow A&B’s real estate portfolio and strengthen our position as a partner in Hawaii.”
Born and raised in Hawaii, Parker began his career in commercial real estate in Southern California before returning to the islands to join the firm. He holds a bachelor’s degree in finance from the University of Southern California and is a graduate of the Kamehameha School.
-
-
hoodie
-
-
Benjamin
