Business & Finance
Business and FinanceBusiness and Finance 
Tue, January 5, 2010
JACKSONVILLE, Fla.--([ BUSINESS WIRE ])--The St. Joe Company (NYSE:JOE), one of Florida's largest real estate development companies and Northwest Florida's largest private landowner, today announced that as part of its long-term succession plans, effective January 1, 2010, the following individuals have been promoted: Reece Alford as Senior Vice President, Corporate Counsel and Secretary; Ken Borick as Senior Vice President, Real Estate Counsel; David Childers as Vice President – Finance and Corporate Treasurer; and Janna Connolly as Senior Vice President and Chief Accounting Officer.
"The appointments of Reece, Ken, David and Janna highlight another step in the Company's evolution"
Mr. Alford came to St. Joe in 2005 from the Birmingham law firm of Maynard, Cooper & Gale, P.C. where he was a partner with a practice in corporate law. As Senior Vice President, Corporate Counsel and Secretary, Mr. Alford will be responsible for corporate level legal matters including securities, compliance, corporate governance, intellectual property and strategic transactions for the Company. Mr. Alford earned his J.D. degree from Vanderbilt University Law School and a Bachelor of Science in Accounting from Auburn University.
Mr. Borick has more than twenty years experience in real estate law and joined St. Joe in September, 2000. Mr. Borick is currently focused on real estate transactions including brokerage agreements, ground leases, joint ventures and the establishment and maintenance of HOA and CDD entities. As Senior Vice President, Real Estate Counsel, Mr. Borick will assume additional responsibilities related to the Company's residential and commercial real estate transactions. Mr. Borick earned his J.D. degree, cum laude, from Wake Forest University and a Bachelor of Science in Administrative Management from Clemson University.
Mr. Childers has more than seventeen years of experience in treasury, investments, corporate finance, capital markets and investor relations. He joined St. Joe in 1995 as Investment Manager and subsequently became responsible for the treasury and investor relations functions. Most recently, Mr. Childers held the position of Vice President – Finance and Assistant Treasurer, developing and executing St. Joe's investor relations program and building the Company's relationships with the banking community. As Vice President – Finance and Corporate Treasurer, he will be responsible for the management of the Company's capital structure, credit profile and investor relations strategies. Mr. Childers is a graduate from the University of Florida with a Bachelor of Science degree in Public Relations.
Ms. Connolly has held progressively senior accounting positions at St. Joe for over 13 years. As Senior Vice President and Chief Accounting Officer, Ms. Connolly will continue to oversee all accounting, tax and financial reporting for the Company, and will now assume responsibility for the budgeting, forecasting and planning functions as well. Ms. Connolly graduated from Florida State University with a Bachelor of Science in Accounting and earned her MBA from the University of North Florida. Ms. Connolly is a Certified Public Accountant in the State of Florida.
"The appointments of Reece, Ken, David and Janna highlight another step in the Company's evolution," stated St. Joe's President and Chief Executive Officer, Britt Greene. "All have meaningfully contributed to our efforts of restructuring St. Joe, and are examples of effective succession planning and our leadership development efforts. They will continue to utilize their experience and external relationships to help position the Company for the next decade of growth as the new Northwest Florida Beaches International Airport is readied for its grand opening in May 2010."
About St. Joe
The St. Joe Company (NYSE:JOE), a publicly held company based in Jacksonville, is one of Florida's largest real estate development companies and Northwest Florida's largest private landowner. The Company is primarily engaged in real estate development and sales, with significant interests in timber. More information about St. Joe can be found on the Company's web site at [ www.joe.com ].
Forward-Looking Statements
Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our beliefs, plans, goals, expectations and intentions. Forward-looking statements involve risk and uncertainty, and there can be no assurance that the results described in such statements will be realized. Such statements are based on our current expectations and we undertake no obligation to publicly update or reissue any forward-looking statements. Risk factors that may cause the actual results to differ are described in this press release and in various documents we have filed with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2008, and our Quarterly Reports on Form 10-Q.
© 2009, The St. Joe Company. "JOE," "St. Joe" and the "Taking Flight" design are service marks of The St. Joe Company.