Robert Webber to leave ML&P
Maui Land & Pineapple Company, Inc. (NYSE:MLP) today announced that
Robert I. Webber, President and Chief Executive Officer, has resigned
his position, effective May 22, 2009.
Webber joined MLP in May 2006 as Chief Financial Officer and Senior Vice
President / Business Development. Webber was promoted in March 2008 to
Chief Operating Officer, Chief Financial Officer and Executive Vice
President. Upon the resignation of David C. Cole as MLP Chairman and
President in November 2008, Webber was appointed by the Board of
Directors to succeed Cole as President and CEO, effective January 1,
2009. At the same time, the Board appointed Warren H. Haruki to serve as
Chairman of the Board.
“We have accomplished much in the past three years in a difficult
external environment, and it has been a pleasure to serve with my
colleagues at MLP and Kapalua,” said Webber. “As the company continues
to restructure and cut costs, it is appropriate to streamline and
clarify leadership, and the time is right for me to transition and
pursue other opportunities.”
A search for a new CEO will begin immediately. The Board of Directors
appointed Haruki as chairman and Interim CEO while it completes its
search.
About Maui Land & Pineapple Company, Inc.
MLP is a Hawaii corporation and successor to a business organized in
1909. Its principal operating subsidiaries are Maui Pineapple Company
Ltd., a producer and marketer of Maui Gold ® pineapple, and Kapalua Land
Company Ltd., operator of Kapalua Resort, a master-planned resort
community in West Maui.
For Maui Land & Pineapple Company, Inc.
Karee Carlucci,
Communications, 808-877-1625
