HIRES BUSINESS DEVELOPMENT EXECUTIVE
FL., August 16, 2010 -- Alico, Inc. (NASDAQ: ALCO), a land management company,
announced today the hiring of Chris Ward as Vice-President for Planning and
Business Development, effective August 16, 2010. Mr. Ward will be
responsible for providing new business planning and development for Alico, Inc.
and its subsidiaries.
most recently was the Founder and Principal Manager of Magnolia Florida, a
private investment fund management company specializing in the acquisition of
Florida tax certificates. Alico currently holds a 40% interest in one
of these funds. Prior to his involvement with Magnolia Florida, Mr.
Ward was the Vice President of Strategy and Marketing for the Southeast Region
of Centex Homes and the Vice President of Strategy, North America, for
InterContinental Hotels Group. Mr. Ward holds an MBA from the Darden
School of business at the University of Virginia and a bachelor’s degree from
Alexander, President and CEO of Alico stated, “We are pleased to have Chris join
our team. His background in planning and strategy will add value to
our efforts to evaluate current and future business opportunities at Alico and
will be instrumental in our work of increasing shareholder value.”
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.
Further Information Contact:
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.