Alexander & Baldwin, Inc. (A&B) (NYSE:ALEX) has appointed George M. Morvis Jr. to the position of vice president, corporate development of the A&B Land Group, which encompasses A&B Properties, Inc. and A&B’s agricultural businesses. Morvis will oversee Land Group corporate development activities – ranging from organic growth initiatives to potential business acquisitions and joint ventures – and will report to Christopher J. Benjamin, president of the A&B Land Group; his appointment was effective January 3. Morvis had worked for A&B in the early 1990s and had recently served as a consultant to the Company.
“Investment and growth within our Hawaii operations is an essential focus,” Benjamin said, “and George has proven to be a valuable contributor to A&B over the last two decades, both as a consultant and previously as an employee. Over the last year, he has spearheaded two important transactions—our partnership with one of the world’s leading marketers of coffee, multi-national coffee company Massimo Zanetti Beverage, and our agreement with Kaua’i Island Utility Cooperative (KIUC) to build a 6 MW utility-scale solar photo-voltaic (PV) facility on Kauai. We are very pleased to welcome George back to A&B on a full-time basis.” Benjamin added, “The corporate development function within the Land Group will complement our robust real estate acquisition, development and investment capabilities at A&B Properties to drive shareholder value creation going forward.”
Morvis returns to A&B after eighteen years as managing director of Financial Shares Corporation, a boutique consulting firm, where he headed the strategy consulting practice and managed the firm’s Hawaii office. He had served A&B in 1993 as manager, investor relations and financial communications, having started his career at First Hawaiian Bank.
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