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Alico, Inc. Announces Election Of Directors

Stocks in this article: ALCO

LABELLE, Fla., Feb. 23, 2011 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced at its Annual Meeting of Shareholders held on Friday, February 18, 2011, the Alico shareholders elected John R. Alexander, JD Alexander, Robert E. Lee Caswell, Thomas H. McAuley, Charles L. Palmer, Ramon A. Rodriguez, John D. Rood, Robert J. Viguet, Jr. and Gordon Walker Ph.D. to serve on the Company's Board of Directors.

There was no change to the Chairman and Vice-Chairman appointments; Mssr. John R. Alexander and JD Alexander, respectively, will continue to serve in these positions. At its Board meeting following the Annual meeting, the Board made the following committee appointments:

Audit Committee:  
Chairperson and Financial Expert: Ramon A. Rodriguez  
Charles L. Palmer  
John D. Rood  
Gordon Walker Ph.D.  
   
Compensation Committee:  
Chairperson: Robert J. Viguet, Jr.  
Thomas H. McAuley  
Charles L. Palmer  
Gordon Walker Ph.D.  
   
Nominating and Governance Committee:  
Chairperson: Gordon Walker Ph.D.  
Charles L. Palmer  
John D. Rood  
   
The Board also elected the following officers:  
   
President and Chief Executive Officer   JD Alexander 
   
Executive Vice-President and Chief Operating Officer:   Ken Smith Ph.D. 
   
Senior Vice-President, Chief Financial Officer and Assistant Secretary:  Scott Whitney 
   
Chief Accounting Officer and Controller:  Jerald R. Koesters 
   
Treasurer:   Steven C. Lewis 
   
Corporate Secretary:   A. Denise Plair 

An audio replay of the shareholders meeting will be available through March 10, 2011, on the Company's website at www.alicoinc.com .

About Alico, Inc.

Alico, Inc., a land management company operating in Central and Southwest Florida, owns approximately 139,607 acres of land located in Collier, Glades, Hendry, Lee and Polk counties. Alico is involved in various agricultural operations and real estate activities. Alico's mission is to grow its asset values through its agricultural and real estate activities to produce superior long-term returns for its shareholders.

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