- March 28, 2024
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LABELLE — Alico Inc., a land management firm, elevated CEO and President JD Alexander to the same positions on a fulltime basis, according a company release.
A Florida state senator, Alexander had been CEO and president of the LaBelle-based firm on “a less than fulltime basis” since February 2010, the company stated. Alexander was a director for the company in 2004 and 2005, and rejoined the board in 2008. He remains on the board today, and is the vice-chairman.
“The board believes that JD Alexander and his team have been very effective in reducing operating costs and improving the efficiency of the company's operations since his appointment in February 2010,” said Ramon Rodriguez, chairman of Alico's audit committee. “We recognize there is work to be done to broaden the shareholder base and increase capital market awareness. The board believes that JD is uniquely qualified to lead the company in these efforts.”
Alexander's job status change at Alico is effective April 2. Alexander, R-Lake Wales, has been in the senate since 2002, and he's not eligible to run for reelection due to term limits. “I am excited about the opportunity to focus my efforts exclusively on Alico,” Alexander said in the release.
Alico Inc. owns about 139,500 acres of land throughout Florida. The publicly traded firm (symbol: ALCO) reported revenues of $98.3 million in 2011.