Alico, Inc. Appoints Bradley Heine as Chief Financial Officer
16 Août 2023 - 10:01PM
Alico, Inc. (NASDAQ: ALCO, "Alico" or "the Company"), an
agriculture and land management company, today announced the
departure of Perry G. Del Vecchio as the Company’s Chief Financial
Officer, effective as of August 16, 2023, and the hiring and
appointment of Bradley Heine as his replacement, effective as of
today, August 16, 2023.
As the new Chief Financial Officer, principal financial officer,
and principal accounting officer for Alico, Mr. Heine will be
responsible for all corporate finance, treasury and accounting
functions of the Company and will report directly to John Kiernan,
the Company's President and Chief Executive Officer.
"We are grateful for the service Perry has given to Alico over
the past year and wish him well in his next endeavors,” said Mr.
Kiernan.
Mr. Kiernan continued, “Brad’s recent background as a senior
accounting executive for a dynamic international company, combined
with his broad financial and business experience, will help us
leverage our efforts of increasing shareholder value. Our
management team will rely on Brad’s leadership in providing
financial analysis, modeling and decision support to help Alico
maintain our competitive position within the Florida citrus
industry. We believe his experience with automation and technical
accounting will complement the depth of our current staff and I
look forward to working closely with him as we approach the
beginning of our next fiscal year."Mr. Heine, age 52, most recently
served as Senior Vice President - Corporate Controller of Wejo
Group Limited, a provider of cloud and software analytics for
connected, electric, and autonomous mobility. Prior to that, Mr.
Heine served as Vice President - Accounting at IAC InterActive
Corp, a holding company comprised of media and internet companies,
and in various positions of increasing seniority at Avis Budget
Group Inc., a rental car company. Mr. Heine is a Certified Public
Accountant who began his career as an auditor with Deloitte &
Touche. He earned a BBA in public accounting from Pace University
and a MBA in Finance from Rutgers University.
About AlicoAlico, Inc. primarily operates two
divisions: Alico Citrus, one of the nation’s largest citrus
producers, and Land Management and Other Operations, which include
land leasing and related support operations. Learn more about Alico
(Nasdaq: “ALCO”) at www.alicoinc.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include, but are not limited
to, statements regarding our Chief Financial Officer transition,
business strategy, plans and objectives of management for future
operations or any other statements relating to our future
activities or other future events or conditions. These statements
are based on our current expectations, estimates and projections
about our business based, in part, on assumptions made by our
management and can be identified by terms such as “will,” “should,”
“expects,” “plans,” ,”hopes,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates,” “believes,” “estimates,”
“forecasts,” “predicts,” “potential” or “continue” or the negative
of these terms or other similar expressions. Alico believes the
expectations reflected in the forward-looking statements are
reasonable but cannot guarantee future results, level of activity,
performance or achievements. Actual results may differ materially
from those expressed or implied in the forward-looking statements.
Therefore, Alico cautions you against relying on any of these
forward-looking statements.
These forward-looking statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in the
forward-looking statements due to numerous factors, including, but
not limited to: adverse weather conditions, natural disasters and
other natural conditions, including the effects of climate change;
damage and loss to our citrus groves from disease including but not
limited to citrus greening and citrus canker; hurricanes and
tropical storms given our geographic concentration in Florida; any
adverse event affecting our citrus business; our ability to
maintain our market share in a highly competitive business; future
citrus production estimates; our dependency on our relationship
with Tropicana and Tropicana’s relationship with certain third
parties; heightened risks as a result of the sale of a majority of
ownership of Tropicana to a French private equity firm; supply and
demand pricing; development and execution of our strategic growth
initiatives; product contamination and product liability claims;
water use regulations restricting our access to water; changes in
immigration laws; risks associated with acquisition of additional
agricultural assets and other businesses; adverse impacts from
dispositions of our assets; harm to our reputation; tax risks
associated with a “Section 1031 Exchange”; undertaking one or more
significant corporate transactions; seasonality of our citrus
business; significant competition in our agricultural operations;
fluctuations in our earnings as a result of market supply and
prices and demand for our products; climate change, or legal,
regulatory or market measures to address climate change and
sustainability; increases in labor, personnel and benefits costs;
increases in commodity or raw product costs, such as fuel and
chemical costs; transportation risks; any change or the
classification or valuation methods employed by county property
appraisers related to our real estate taxes; any weakness or
instability in the real estate industry; liability for the use of
fertilizers, pesticides, herbicides and other potentially hazardous
substances; compliance with applicable environmental laws; loss of
key employees; material weaknesses and other control deficiencies,
including as a result of restatement of our financial statements as
of September 30, 2021, and the end of certain quarterly periods;
the impact of any restatements and any resulting investigations,
legal or administrative proceedings; the effect of inflation on our
operations, including as a result of the conflict in Ukraine;
increased costs as a result of being a public company; system
security risks; the COVID-19 pandemic; any harm by natural
disasters or epidemics; our indebtedness and ability to generate
sufficient cash flow to service our debt obligations; higher
interest expenses as a result of variable rates of interest for our
debt; our ability to continue to pay cash dividends; and risks
related with repurchases; and the other factors described under the
sections "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in our Annual
Report on Form 10-K for the fiscal year ended September 30, 2022
filed with the Securities and Exchange Commission (the “SEC”) on
December 13, 2022 and in our Quarterly Reports on Form 10-Q. Except
as required by law, we do not undertake an obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future developments, or otherwise.
Investor Contact:Investor
RelationsInvestorRelations@alicoinc.com
Source: Alico, Inc.
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