Holaday Appointed Assistant General Manager at HC&S; Wellman Named Controller Of A&B.HONOLULU--(BUSINESS WIRE)--Jan. 25, 1996--Alexander & Baldwin, Inc. (A&B) chairman, 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. John C. Couch today announced the appointment of G. Stephen Holaday as assistant general manager at the company's 36,000-acre Hawaiian Commercial & Sugar Company (HC&S) plantation on Maui. Holaday has been serving as A&B's vice president and controller, as well as senior vice president, chief financial officer and treasurer of A&B-Hawaii, Inc. (ABHI -- A&B's major property and food products subsidiary). In his new position, Holaday will continue to serve as ABHI senior vice president. In a related development, the A&B board of directors, meeting today, promoted A&B assistant controller Thomas A. Wellman to controller, replacing Holaday in that position. The board also named Wellman assistant treasurer. Also meeting today, the ABHI board of directors appointed Wellman vice president and assistant treasurer of ABHI. Wellman will also retain his current position as ABHI controller. At the same time, Glenn R. Rogers, A&B's vice president, chief financial officer and treasurer, was appointed to the positions of senior vice president, chief financial officer and treasurer of ABHI. All these appointments are effective immediately. "I am enthusiastic about these appointments," said Couch. "Steve Holaday is an outstanding manager who has been involved in a number of significant financial and operational activities at A&B. He also has considerable experience managing his family's farming operations on the mainland. Steve's vision and management capabilities should prove extremely valuable to HC&S at a time when our agribusiness operations are facing unprecedented challenges." "With Steve moving over to assist in these important operations on Maui," Couch continued, "Tom Wellman is the logical person to take on additional accounting responsibilities for us and provide continuity in A&B's and ABHI's financial management. He brings to the job experience, energy and expertise, which he has amply demonstrated in his service with the company." Holaday joined A&B as controller in 1983. Previously he served for six years as chief financial officer of Aloha Airlines, following two years as that company's controller. Earlier, he worked on the audit staff of Peat, Marwick, Mitchell & Co.'s Honolulu office. Holaday has served on the boards of the Hawaii State Chapter of the American Red Cross American Red Cross: see Red Cross. , Hale Kipa, Network Enterprises and the Boys and Girls boys and girls mercurialisannua. Club of Honolulu. In addition, he serves as vice chair of Aloha United Way's Allocations & Agency Relations Executive Committee. Holaday earned his bachelor's degree in accounting and finance from Iowa State University Academics ISU is best known for its degree programs in science, engineering, and agriculture. ISU is also home of the world's first electronic digital computing device, the Atanasoff–Berry Computer. and his master's degree in business administration from the University of Hawaii (body, education) University of Hawaii - A University spread over 10 campuses on 4 islands throughout the state. http://hawaii.edu/uhinfo.html. See also Aloha, Aloha Net. . He is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. . Raised on a grain and livestock farm in Iowa, Holaday first came to Hawaii in 1969 with the Army. He and his wife Leona presently live in Honolulu. Welllman joined A&B in 1989 as an internal auditor, after five years as a senior auditor at the accounting firm of Deloitte Haskins & Sells. 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 Certified Managerial Accountant, Wellman earned his master's degree in accounting from the University of Hawaii and his bachelor's degree, also in accounting, from 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. . A native of Casper, Wyo., Wellman began his undergraduate studies at BYU-Hawaii Campus, then transferred to the BYU campus in Provo, Utah. Wellman is treasurer and a director of the Financial Executives Institute. He has previously served on the board of the American Diabetes Association The American Diabetes Association, or the ADA, is an American health organization providing diabetes research, information and advocacy. Founded in 1940, the American Diabetes Association conducts programs in all 50 states and the District of Columbia, reaching hundreds of , Hawaii Affiliate; as a member of the American Diabetes Association National Budget Committee; and on the board of Junior Achievement of Hawaii. Wellman, his wife Donna and their son David live in Honolulu. Alexander & Baldwin (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALEX) is a diversified Hawaii-based company whose principal subsidiaries are A&B-Hawaii, Inc. (property development and management, and food products) 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. (ocean transportation). HC&S, a division of ABHI, is Hawaii's largest sugar producer, accounting for about a third of Hawaii's output of raw sugar. CONTACT: Alexander & Baldwin Inc. Meredith J. Ching, 808/525-6669 |
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