St. Joe CEO to Leave as Berkowitz Succeeds in Board Shake-Up
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St. Joe Co. said Chief Executive Officer Britt Greene and three other board members will resign, marking a victory for Bruce Berkowitz’s Fairholme Capital Management LLC in a battle for control of the Florida landowner.
Greene resigned from the company’s board effective immediately and will step down as president and CEO this week, the company said today in a statement. He was named CEO in 2008. Michael L. Ainslie, John S. Lord and Walter L. Revell also will leave as directors.