James M. Rester Named President - West Florida for St. Joe/Arvida; Rester Will Be Senior Executive in Bay, Gulf and Walton Counties.PANAMA CITY Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. , Fla.--(BUSINESS WIRE)--July 13, 1998--Peter S. Rummell, chairman 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 The St. Joe Company The St. Joe Company (NYSE: JOE)is a land development company and Florida's largest private landowner, owning about 805,000 acres (0 km) in the state [1]. (NYSE NYSE See: New York Stock Exchange : SJP SJP Sarah Jessica Parker (actress) SJP Students for Justice in Palestine SJP St. John's Preparatory School SJP Society of Japanese Pharmacopoeia SJP Singapore Justice Party SJP Saint Joseph's Preparatory School ), today announced the appointment of James M. Rester as President - West Florida
West Florida was a region on the north shore of the Gulf of Mexico, which underwent several boundary and sovereignty changes during its history. for St. Joe/Arvida, the community development division of St. Joe. Rester will be based in the Panama City area, where he will be the senior executive in the region for St. Joe/Arvida with overall responsibility for Walton, Bay and Gulf counties. Rester comes to Arvida and St. Joe with extensive experience in northwest Florida, and in community, commercial and resort development. He has been president and chief executive officer of Sandestin Resorts, Inc. in Destin, Fla., since 1991. From 1978 to 1990, he was president of Amelia Island Amelia Island is one of the southernmost of the Sea Islands, a chain of barrier islands that stretches along the east coast of the United States from South Carolina to Florida. It is 13 miles long (21 km) and approximately 4 miles (6 km) wide at its widest point. Plantation. Before that, he was vice president-finance for the Sea Pines Company at Hilton Head, S.C. "Jim and I have been friends and business colleagues for 25 years, and I have tremendous respect for his strategic insights and instincts," Rummell said. "Jim has vast experience in community and resort development along with a broad knowledge and understanding of west Florida. I look forward to working with him to make this entire region the best possible." Arvida President and CEO Jim Motta said, "Jim Rester is the kind of team builder and leader who can creatively manage the human as well as the physical side of community building. Over the next several months, we will be expanding our strong team around Jim to move forward on multiple fronts in Bay, Gulf and Walton Counties Walton County is the name of two counties in the United States:
"In his new position, Jim will be focused on the overall development of the region. He understands west Florida's special character, environment and quality of life and has the experience to build on the natural and economic strengths of this region," Motta said. "I have looked at St. Joe's extraordinary holdings for years, and there is a remarkable opportunity here for both St. Joe and northwest Florida," Rester said. "Arvida and St. Joe will be good stewards pursuing high quality projects designed to meet community needs across all size and price categories. We want to take a collaborative approach to our development of this entire region building a real partnership with government, civic and business leaders." Rester earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in accounting from Misissippi State University. He currently serves as chairman of the Okaloosa-Walton Workforce Development Board, a director of the Destin Chamber of Commerce, and finance officer for the South Walton Tourist Development Council. He also is a director and past president of the Association of Florida Community Developers and a member of the Urban Land Institute. Arvida is one of the nation's most respected developers of large-scale master-planned communities. Founded in 1958, Arvida and its predecessors have completed more than 50 master-planned communities containing 35,000 new homes. St. Joe, a publicly held company based in Jacksonville, is Florida's largest private landowner. It is engaged in community, commercial, industrial, resort and location-based entertainment development. The company also has interests in timber, sugar and transportation.
CONTACT: Jerry M. Ray
The St. Joe Company
904-858-2707
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion