Catellus Announces Selection Of New Chief Financial Officer.SAN FRANCISCO--(BUSINESS WIRE)--July 27, 1995--Catellus Development Corporation (NYSE NYSE See: New York Stock Exchange : CDX) today announced Stephen P. Wallace has been named Senior Vice President and Chief Financial Officer. Mr. Wallace comes to Catellus from Castle & Cooke Homes, Inc., where he served as Senior Vice President and Chief Financial Officer. Castle & Cooke Homes, Inc. was a NYSE home builder and land developer that was taken private by Dole Food Company Dole Food Company, Inc. is an American-based agricultural multinational corporation headquartered in Westlake Village, California and is the leading grower and packer of such food items as bananas, pineapples (fresh and packaged), grapes, strawberries, and other fresh and frozen in December 1994. His past experience includes serving as Senior Vice President and Chief Financial Officer of A-M Homes, a privately held residential developer and mortgage banker as well as being a partner at Arthur Andersen & Company. Mr. Wallace is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and graduated with honors from the University of Colorado University of Colorado may refer to:
In accepting his new position, Mr. Wallace said, "I'm extremely excited about the challenges that lie ahead. The high quality of the Company's assets combined with the improving economy in California, in which a significant portion of the Company's assets are located, provides an excellent foundation for future success." Nelson C. Rising, Catellus' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "The Board of Directors and I are extremely pleased that Mr. Wallace has agreed to join Catellus in this important role. In addition to being responsible for all financial functions of the Company, Mr. Wallace will play a key role in the conversion of our non-productive assets to income producing properties and in improving our debt to equity and cash flow ratios. "The hiring of Steve Wallace and two other recently appointed senior executives, Timothy J. Beaudin, Vice President Property Operations, and Don Parker, Vice President Bay Area Development, are critical steps in the restructure of the Company and our focus on building the core competencies that will allow Catellus to increase cash flow and stockholder value," concluded Mr. Rising. Headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Catellus Development Corporation Catellus Development Corporation is a real estate landowner that was spun off of the real estate holdings of Santa Fe and Southern Pacific Railroad. They are one of the largest landowners in California. is an owner, developer and manager of real estate assets which have a current value, as of December 31, 1994, of $1.8 billion. CONTACT: Catellus Development Corporation Sharon Davis, 415/974-4609 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion