Alico,
Inc. Announces Election of Directors
LaBelle, FL, February 24, 2009
— Alico, Inc. (NASDAQ: ALCO), a land management company, announced at its annual
stockholders meeting held on Friday February 20, 2009, the Alico stockholders
elected JD Alexander, John R. Alexander, Robert E. Lee Caswell, Evelyn D'An,
Charles Palmer, Dean Saunders, Robert J. Viguet, Jr. and Dr. Gordon Walker to
serve on the Company's Board of Directors.
At its
Board of Directors Meeting following the annual meeting, the Directors
re-elected Mr. John R. Alexander as Chairman and made the following committee
appointments:
Audit
Committee:
Chairperson
and Financial Expert: Evelyn D’An
Charles
Palmer
Dean
Saunders
Gordon
Walker
Compensation
Committee:
Chairperson: Charles
L. Palmer
JD
Alexander
Robert J.
Viguet, Jr.
Nominating
and Corporate Governance:
Chairperson:
Gordon Walker
JD
Alexander
Charles
L. Palmer
The Board
also elected the following officers:
President
and Principal Executive Officer: Steven M.
Smith
Senior
Vice-President, Chief Financial Officer, Treasurer and
Assistant
Secretary: Patrick W. Murphy
Senior
Vice-President of Human Resources and
Information
Technology: Michael R. Talaga
Director
of Accounting, Controller and Assistant Treasurer: Jerald
R. Koesters
Internal
Audit Director: Jaime Voskovitch
Corporate
Secretary: A. Denise Plair
The Board
deferred making final decisions regarding other items on its agenda until its
next scheduled meeting on Thursday February 26, 2009.
About
Alico, Inc.
Alico,
Inc., a land management company operating in Central and Southwest Florida, owns
approximately 135,500 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.
For
Further Information Contact:
Steven M.
Smith
La Belle,
Florida
(863)
675-2966
Statements
in this press release that are not statements of historical or current fact
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown factors that
could cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied by such
forward-looking statements. The forward-looking statements contained herein are
also subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed with the
Securities and Exchange Commission.