New chairman to lead Board in 2015
TEJON RANCH, Calif.--(BUSINESS WIRE)--Dec. 12, 2014--
Tejon Ranch Co. (NYSE: TRC) today announced the official retirement of
two long-time members of its Board of Directors. Kent G. Snyder is
retiring after 16 years of service. For the last nine years, Mr. Snyder
has also served as Chairman of the Board. In addition to Chairman
Snyder, Director George G.C. Parker will be retiring at the end of 2014.
Mr. Parker is the Dean Witter Distinguished Professor of Finance,
Emeritus, Graduate School of Business, Stanford University, and has been
a member of the Board since 1999.
“Both Kent and George have served this Board—and our shareholders—in an
exemplary manner,” said Norman Metcalfe, who will become chairman in
2015. “During their tenure on the Board, Tejon Ranch Co. has seen many
notable achievements, including, among others, the development of the
Tejon Ranch Commerce Center, the entitlement of Tejon Mountain Village,
and the recent successful opening of the Outlets at Tejon.”
Chair-elect Metcalfe has served as a director of Tejon Ranch Co. since
1998.
“I am honored to serve as chairman,” said Metcalfe, “and am committed to
working with the Board and management to help the Company reach its
fullest potential.”
As of 2015, the Tejon Ranch Co. Board of Directors will be comprised of
Robert Alter, President of Seaview Investors LLC; Steven A. Betts,
President of Chanen Development Company; Gregory S. Bielli, President
and CEO of Tejon Ranch Co.; John L. Goolsby, private investments and
real estate; Anthony L. Leggio, President of Bolthouse Properties LLC;
Norman Metcalfe, private investments and real estate; Geoffrey L. Stack,
Managing Director of SARES-REGIS Group; Robert A. Stine, retired
President and CEO of Tejon Ranch Co.; Daniel R. Tisch, Managing Member
of Tower View LLC; Frederick Tuomi, Chief Operating Officer of Colony
America Homes, Inc.; and Michael H. Winer, Portfolio Manager with Third
Avenue Management LLC.
About Tejon Ranch Co. (NYSE: TRC)
Tejon Ranch Co. is a diversified real estate development and
agribusiness company, whose principal asset is its 270,000-acre land
holding located approximately 60 miles north of Los Angeles and 30 miles
south of Bakersfield. For more information on the company, visit www.tejonranch.com.
Source: Tejon Ranch Co.
Tejon Ranch Co.
Barry Zoeller, 661-663-4212
Vice President,
Corporate Communications & Marketing
bzoeller@tejonranch.com
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