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Alico, Inc. Announces Election Of Directors

FORT MYERS, Fla., Feb. 25, 2013 (GLOBE NEWSWIRE) -- Alico, Inc. (the "Company") (Nasdaq:ALCO), an American agribusiness and land management company, announced at its Annual Meeting of Shareholders held on Friday, February 22, 2013, the shareholders of the Company elected JD Alexander, Thomas H. McAuley, Charles L. Palmer, Ramon A. Rodriguez, John D. Rood, Robert J. Viguet, Jr., Gordon Walker, Ph.D., Adam D. Compton and Dykes Everett to serve as the Company's Board of Directors.

At its Board Meeting following the Annual Meeting, the Board of Directors elected Ramon A. Rodriguez, Chairman of the Board of Directors, and made the following committee appointments:

Audit Committee:
Chairperson and Financial Expert: Thomas H. McAuley
Adam D. Compton
Dykes Everett
Charles L. Palmer
Robert J. Viguet, Jr.
   
Compensation Committee:
Chairperson: Charles L. Palmer
John D. Rood
Robert J. Viguet, Jr.
Gordon Walker, Ph.D.
   
Nominating and Corporate Governance:
Chairperson: John D. Rood
Adam D. Compton
Dykes Everett
Thomas H. McAuley
Gordon Walker, Ph.D.
   
The Board of Directors 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:  W. Mark Humphrey
   
Treasurer:  Steven C. Lewis
   
Corporate Secretary:  A. Denise Plair

An audio replay of the shareholders meeting is available on the Company's website at www.alicoinc.com/events through March 8, 2013.

About Alico, Inc.

Alico, Inc. ("Alico") is an American agribusiness and land management company built for today's world and known for its legacy of achievement and innovation in citrus, sugar, cattle and resource conservation. We own approximately 130,400 acres of land in five Florida counties (Collier, Glades, Hendry, Lee and Polk). Our principal lines of business are citrus groves, improved farmland including sugar cane, cattle ranching and conservation, and related support operations. We also receive royalties from rock mining and oil production. Our mission is to create value for our customers, clients and shareholders by managing existing lands to their optimal current income and total returns, opportunistically acquiring new agricultural assets and producing high quality agricultural products while exercising responsible environmental stewardship.

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