Inc. Appoints Dan L. Gunter as Chief Executive Officer
FL, June 30, 2008 — Alico, Inc. (NASDAQ: ALCO), a land management company,
announced that Dan L. Gunter, President and Chief Operating Officer, was named
Chief Executive Officer of the Company effective July 1, 2008. Mr.
Gunter will succeed John R. Alexander who held the CEO position since February
2005, following Mr. Alexander’s retirement. Mr. Alexander will
continue in his role of Chairman of the Board.
Gunter has served as the Company’s President and Chief Operations Officer since
April 17, 2006. He previously served as Executive Director of the Florida
Department of Citrus from 1986 through 1992 and again between July 2004 and
April 2006. Mr. Gunter also served as an officer in various executive positions
for Lykes Bros. Inc. and its subsidiary Vitality Beverages, Inc., with a focus
on sales and marketing management, as well as specific operating P&L
responsibilities. He has also held the positions of Assistant and Associate
Professor in the Food and Resource Economics Department at the University of
Gunter stated, “I am honored by this opportunity and look forward to continuing
to work for the shareholders in order to maximize profits and persist in the
exploration of opportunities for diversification. Alico’s reputation,
financial strength and employees are well positioned for growth and building
Alexander stated, “I think that Mr. Gunter is the perfect choice to lead this
Company forward in the direction we have developed. I remain excited
and challenged every day with my responsibilities at Alico and I intend to
continue to be an active Chairman of the Board."
Inc., a land management company operating in Central and Southwest Florida, owns
approximately 135,500 acres of land located in Collier, Glades, Hendry, Lee and
Polk counties. Alico is involved in various agricultural operations and real
estate activities. Alico's mission is to grow its asset values through its
agricultural and real estate activities to produce superior long-term returns
for its shareholders.
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in this press release that are not statements of historical or current fact
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown factors that
could cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied by such
forward-looking statements. The forward-looking statements contained herein are
also subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed with the
Securities and Exchange Commission.