SubscribeRobert Webber resigned from his position as CEO for Maui Land & Pineapple (NYSE: MLP). He joined the company in 2006 as CFO and Senior Vice President of Business Development. When David Cole stepped down in March of 2008, Webber took the position as President and CEO of the company.
When asked why he was leaving, Webber cited that there is a need to “streamline and clarify leadership” at Maui Land & Pineapple Company and that he would seek other opportunities.
While the search for a new CEO occurs, Warren Haruki (Oahu businessman) has been appointed chairman and CEO by the board of directors.
In today’s Maui News it was announced that Mr. Webber will receive $150,000 and $30,000 shares of stock as part of his resignation agreement. We will link this article to this post when it becomes available on-line at around noon today.
Here’s the link as promised:
http://mauinews.com/page/content.detail/id/518716.html?nav=10
Aloha — David Cole resigned (and Robert Webber became CEO) on Jan. 1, 2009.
Thanks for the clarification Ilima