Benjamin retires, Parker becomes CEO
Honolulu, February 1, 2023 /PR Newswire/ — Alexander & Baldwin, Inc. (NYSE: ALEX) (“A&B” or “Company”)Inc., Hawaii’s premier commercial real estate company, today announced the following: Lance K. ParkerThe current President and Chief Operating Officer (COO) of A&B has been appointed as the new President and Chief Executive Officer (CEO) of the Company. July 1, 2023.Parker will succeed CEO Christopher J. Benjamin who retires June 30th He will remain a consultant until the end of 2023 to ensure a smooth transition and finalize various aspects of A&B’s simplification strategy.
“When Chris became CEO, his mission was to transform A&B from a diversified conglomerate into a focused commercial real estate company. We have formed a team.” Eric Yehman, Chairman of the Board of A&B. “Consistent with his long-term intention to retire at 60, he is handing the reins to that team to lead A&B into the future. Thank you for your leadership.”
“We have made great strides in transforming A&B from a diversified business to a focused real estate company,” Benjamin said. I think,” he said. “A great team of real estate professionals Lance Parker, I am proud of A&B’s trajectory as a Hawaii commercial real estate company. “
Lance Parkerpreviously headed A&B’s real estate division, was appointed COO in 2021 and was promoted to president earlier this year. He was instrumental in transforming A&B into one of Hawaii’s leading commercial real estate firms and the only Hawaii-focused, headquartered real estate investment trust. Parker joined the company in his acquisition role in 2004 and has steadily held positions of responsibility throughout his career at A&B. Parker successfully migrated A&B’s once fragmented mainland commercial portfolio to Hawaii and developed a fully integrated in-house property management and leasing function.
“We are very fortunate to have someone as talented as Lance step into the CEO role and are confident in his ability to take A&B to new levels. His real estate experience, deep Hawaiian roots, and community will allow him to continue to grow his thriving real estate portfolio and create value for all stakeholders,” Yeaman added. “We look forward to working with Lance as we embark on the next phase of our company’s growth.”
“I am honored to be selected as A&B’s next CEO,” said Parker. We look forward to continuing to work together.”
Born and raised in Hawaii, Parker began his career in commercial real estate. Southern California before returning to the island to join the company. He holds a Bachelor’s degree in Finance. University of Southern California Graduated from Kamehameha Academy.
About Alexander & Baldwin
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly traded real estate investment trust devoted to commercial real estate in Hawaii and the state’s largest owner of grocery-focused neighborhood shopping centers . A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawaii. This includes 22 retail centers, 12 industrial assets, 4 office facilities and 141 acres of land lease. A&B expands and strengthens his CRE portfolio in Hawaii and achieves a strategic focus on commercial real estate by monetizing remaining non-core assets. During its 153-year history, A&B has grown with the state’s economy and played a leading role in the development of the agriculture, transportation, tourism, construction, residential and commercial real estate industries.
For more information on A&B, please visit www.alexanderbaldwin.com.
contact: Andrea Galvin; 808-525-8404; [email protected]
Source Alexander & Baldwin, Inc.
Source Alexander & Baldwin, Inc.