Maui Land & Pineapple Announces Leadership Transition
20 Mars 2023 - 10:00PM
Maui Land & Pineapple (NYSE: MLP) announced today the
appointment of Race Randle as CEO and Scot Sellers as Chairman,
effective April 1, 2023. Warren Haruki, who led the company for the
past 14 years, will continue to serve as a senior advisor,
assisting Race and Scot as they assume their new roles.
“I am honored to return home to Hawai‘i and lead
one of Maui’s most storied companies,” said incoming CEO Race
Randle. “I look forward to bringing my experiences developing
thriving, sustainable communities to MLP, which is uniquely
positioned to improve the quality of life on Maui for current and
future generations.”
Race Randle was born and raised in Hawai‘i and spent much of his
youth on Maui, surfing with his family at Honolua Bay. For the past
two decades, he has had a distinguished career in real estate,
acting as Senior Vice President of The Howard Hughes Corporation,
where he played a pivotal role in redeveloping Ward Village in
Honolulu, named the “Best Planned Community in the United States”
by Architectural Digest. More recently, Race served as Executive
Vice President at Lendlease (ASX: LLC), leading a partnership with
Google on a $15 billion undertaking to transform Google’s
landholdings in San Jose, Sunnyvale and Mountain View into
innovative mixed-use communities. Race has deep community ties and
serves on the Hawai‘i advisory board for Trust for Public Land. He
is in the process of moving his family to Maui.
Incoming Chairman Scot Sellers brings to the MLP board the
extensive expertise of a 40-year career developing homes and
communities across the country. Scot served as Chairman and CEO of
Archstone, one of the world’s largest multi-family housing
companies, where he oversaw the development, acquisition and
operation of housing in over 50 cities. Scot also served many years
on the international board of Habitat for Humanity and has
continued to support the organization to provide shelter to those
in need around the world, including on Maui. He currently serves as
a director for several innovative real estate companies, including
The Howard Hughes Corporation, Inspirato, Milhaus and The Irvine
Company.
“I worked with Race for many years in Hawaii, on the
award-winning Ward Village development as it has transformed into a
walkable community of market and workforce homes and believe he’s
the ideal CEO to lead MLP into its next chapter,” said Sellers.
“It has been an honor to lead MLP for the past 14 years, and I
look forward to working with Race and Scot to ensure a smooth
transition,” said outgoing Chairman and CEO Warren Haruki. “We’ve
made great progress in returning the company to
profitability. I’m proud of what we’ve accomplished, grateful
for the team at MLP and the community support that made it
possible, and excited about MLP’s future.”
“MLP’s commitment to stewardship is best reflected by its
actions to protect the Pu‘u Kukui Watershed Preserve, one of the
largest private watershed reserves in Hawai‘i, and providing miles
of trails and access both mauka and makai for the community to
enjoy,” said Lea Hong, Hawai‘i State Director at Trust for Public
Land. “Race has served on our board for many years, bringing a love
of and sensitivity to Hawaiʻi’s environment and culture. I look
forward to seeing what MLP will do next under Race’s leadership to
advance our shared mission of connecting everyone to the outdoors
and ensuring Maui families can thrive in healthy, livable
communities for generations to come.”
About Maui Land & Pineapple
Company Maui Land & Pineapple Company, Inc.
(NYSE: MLP) develops, manages, and sells real estate on the island
of Maui, where the company stewards 22,000 acres, including the
world-renowned Kapalua Resort. Kapalua is home to the luxury
hotels, The Ritz-Carlton Maui and Montage Kapalua Bay, residential
communities, two championship golf courses, three pristine beaches,
a network of walking and hiking trails, and the Pu‘u Kukui
Watershed Preserve, one of the largest private nature preserves in
Hawai‘i. Founded in 1909, Maui Land & Pineapple cultivated
pineapple on Maui plantations for nearly a century and has been a
source of economic opportunity for more than 114 years. Learn more
about Maui Land & Pineapple’s commitment to supporting the Maui
community, protecting the island’s natural resources, and
perpetuating resilient and thriving communities at
mauiland.com.
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Contact: Dylan Beesley | Bennet Group Strategic Communications
p: (808) 285-7272 e: dylan@bennetgroup.com
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