Doane Named A&B President & Chief Executive Officer; R. J. Pfeiffer Remains Board Chairman.HONOLULU--(BUSINESS WIRE)--Oct. 22, 1998--The Board of Directors of Alexander & Baldwin, Inc. (Nasdaq:ALEX) today named W. Allen Doane 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. of A&B, and appointed him to the boards of both A&B and Matson Navigation Company Matson Navigation Company, a subsidiary of Alexander & Baldwin, is a private ocean transportation company with roots extending into the late 19th century. It is credited with introducing mass tourism to Hawaii with the opening of the Moana Hotel (now known as the Moana Surfrider Hotel) , Inc. (Matson), its ocean transportation subsidiary. Doane will remain president and CEO, and a member of the board, of A&B-Hawaii, Inc. (ABHI), A&B's property management and development, and food products subsidiary. R. J. Pfeiffer remains chairman of the board of A&B, Matson and ABHI. The A&B Board today expressed its gratitude to Pfeiffer for his service as president and CEO since the announcement on July 27, 1998 that John C. Couch would step aside in order to take a medical leave. "Allen Doane has shown strong leadership of ABHI during difficult economic conditions. The Board is confident that Allen's vision and leadership skills can move this Company forward into the next century," said Pfeiffer on behalf of the Board. Doane joined ABHI as executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. in 1991. He was named executive vice president of A&B, effective August 27, 1998, and previously had been named CEO of ABHI in 1997 and its president in 1995. Before coming to A&B, Doane had been chief operating officer of The Shidler Group, a nationally prominent real estate investment/management firm. Prior to that, he was group vice president of IU International Corporation (former parent company of C. Brewer and Company, Limited) from 1985 to 1988. He joined C. Brewer in 1975, and held increasingly responsible management positions in both Honolulu and in Philadelphia, the corporate headquarters of IU. Doane serves as chair of The Chamber of Commerce of Hawaii and the Hawaii Agriculture Research Center. He is a member of the boards of the Polynesian Cultural Center The Polynesian Cultural Center (PCC) is a living museum located in Lā'ie, on the northern part of Oʻahu, Hawaiʻi. , the American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. -- Hawaii Affiliate and the Maui Economic Development Board. A graduate of Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. , Doane holds a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . He served as an officer in the U. S. Navy for four years. Alexander & Baldwin, Inc., headquartered in Honolulu, has two major subsidiaries: Matson Navigation Company, Inc. (ocean transportation) and A&B-Hawaii, Inc. (property development and management, and food products). Additional information about A&B may be found at its web site: www.alexanderbaldwin.com. |
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