{"id":1004124402,"date":"2015-07-31T07:08:26","date_gmt":"2015-07-31T15:08:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124402"},"modified":"2020-04-16T05:02:44","modified_gmt":"2020-04-16T13:02:44","slug":"alexander-baldwin-taps-new-sheriff","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alexander-baldwin-taps-new-sheriff\/","title":{"rendered":"Alexander & Baldwin Taps New Sheriff"},"content":{"rendered":"
\"Christopher<\/a>

Christopher Benjamin, Alexander & Baldwin Inc. (PRNewsFoto\/Alexander & Baldwin, Inc.)<\/p><\/div>\n

By Barbra Murray, Contributing Editor<\/p>\n

For Alexander & Baldwin Inc<\/a>.<\/u>, there\u2019s a new CEO in town\u2014or at least there will be soon. Christopher Benjamin\u2014currently president & COO of the Honolulu-based commercial real estate and agriculture company, and president of its real estate subsidiary, A&B Properties Inc.\u2014has been tapped by the board of directors to serve as chief executive when Stanley Kuriyama retires from the position on Dec. 31.<\/p>\n

A&B, Hawaii\u2019s fourth-largest private landowner, didn\u2019t look beyond its front door for a new CEO; it found what it was looking for right under its nose. \u201cRecognizing the talent and capabilities of our employees is important to A&B, and this announcement represents the execution of an established succession plan to ensure a smooth leadership transition,\u201d Kuriyama told Commercial Property Executive<\/em>. \u201cChris has been a driving force behind shaping the company\u2019s strategy and direction since he joined A&B 14 years ago and has been integral to the company\u2019s many successes.\u201d<\/p>\n

Benjamin joined A&B in 2001 as director of corporate development and planning, and climbed quickly up the executive ladder. In 2003, he became vice president, and the following year he was promoted to CFO, a position he held until 2011, when he was promoted to his current role.<\/p>\n

Benjamin\u2019s tenure as president &\u00a0COO has been fruitful. He\u00a0has managed a whopping $900 million in commercial properties, developments and other real estate investments in Hawaii, and played a large role in repositioning the company\u2019s portfolio through the migration of its Mainland assets to the Aloha State. Since becoming COO, A&B\u2019s source of net operating income from its Hawaii assets has grown from 42 percent to 80 percent. And the list of achievements goes on. But there\u2019s more to Benjamin than the work. \u201cBeyond his many accomplishments, Chris cares deeply about developing and supporting the success of our employees and the success of Alexander & Baldwin,\u201d Kuriyama added.<\/p>\n

Kuriyama will leave big shoes to fill. Under his reign as CEO, which commenced in 2010, A&B separated its real estate and transportation businesses in a move that created two of Hawaii\u2019s largest publicly traded companies, and invested in excess of $1.2 billion in Hawaii real estate. The company has grown by 70 percent within the past three years. But there\u2019s every reason to expect more of the same with the transition.<\/p>\n

\u201cBecause of Chris\u2019 heavy involvement in setting the company\u2019s current course, we do not foresee any significant changes to A&B\u2019s strategy and focus,\u201d said Kuriyama. \u201cThere may be adjustments or new pathways that develop as a result of executing the current strategy, but A&B\u2019s overall strategy will remain the same.\u201d That strategy includes maximizing value in the company\u2019s legacy holdings and investing in superior real estate opportunities outside of them; maximizing value in its commercial portfolio, including the continued migration from the Mainland to Hawaii; and investing in complementary businesses that further A&B\u2019s strategic objectives.<\/p>\n

\u201cUnder Chris\u2019 leadership, A&B will remain one of Hawaii\u2019s business leaders and Hawaii\u2019s premier real estate company,\u201d Kuriyama concluded. \u201cHe takes very seriously the tremendous legacy of the company and intends to extend and expand that legacy, striking the right balance between charting a new course and staying true to what helped A&B thrive over the past 145 years.\u201d<\/p>\n

Kuriyama will stay on at A&B as executive chairman. Benjamin will officially step into the CEO position on Jan. 1, 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

Come Jan. 1, this Hawaii real estate giant will welcome a new leader. <\/p>\n","protected":false},"author":969,"featured_media":1004124404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742,21744,15],"tags":[],"class_list":["post-1004124402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-honolulu","category-latest","category-people","category-west"],"acf":[],"yoast_head":"\nAlexander & Baldwin Taps New Sheriff - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alexander-baldwin-taps-new-sheriff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alexander & Baldwin Taps New Sheriff\" \/>\n<meta property=\"og:description\" content=\"Come Jan. 1, this Hawaii real estate giant will welcome a new leader.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alexander-baldwin-taps-new-sheriff\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-31T15:08:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T13:02:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Chris-Benjamin-Alexander-Baldwin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Alexander & Baldwin Taps New Sheriff\",\"datePublished\":\"2015-07-31T15:08:26+00:00\",\"dateModified\":\"2020-04-16T13:02:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/\"},\"wordCount\":617,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Chris-Benjamin-Alexander-Baldwin.jpg\",\"articleSection\":[\"Honolulu\",\"News\",\"People\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/alexander-baldwin-taps-new-sheriff\\\/\",\"name\":\"Alexander & Baldwin Taps New Sheriff - 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