The distribution was completed on
Matson also announced that its Board of Directors declared a third quarter 2012 dividend of
"Matson has been serving
"We are pleased to have achieved continuity with our Board of Directors both in terms of their historical perspective and the wealth of knowledge they have about the Company," said Matson President and Chief Executive Officer
"We are also fortunate to have a management team of seasoned, experienced individuals who have spent most, if not all, of their individual careers in transportation. In addition, our ability to move up the date of separation is attributable to the hard work, dedication, and spirit of teamwork demonstrated by the employees of both Matson and Alexander & Baldwin," Cox said. "With our Board and executive team focused entirely on transportation, we are confident that Matson is well positioned to further strengthen and grow its ocean transportation and logistics services."
As previously announced, Matson has named its Board of Directors, effective
Board of Directors
Walter A. Dods, Jr., currently the Company's Chairman of the Board and retired Chairman and Chief Executive Officer of BancWestand First Hawaiian Bank. Dods joined the Alexander & Baldwin Board of Directors in 1989, served as lead independent director from 2006 through 2009 and its Chairman since 2010. W. Blake Baird, Chairman of the Board and Chief Executive Officer of Terreno Realty Corporation. Baird joined the Alexander & Baldwin Board of Directors in 2006. Michael J. Chun, retired President of Kamehameha Schools Kapalama Campus. Dr. Chun joined the Alexander & Baldwin Board of Directors in 1990. Matthew J. Cox, President and Chief Executive Officer of Matson, Inc.
Thomas B. Fargo, U.S. Navy(retired), Chairman of the Board of Huntington Ingalls Industries. Fargo joined the Alexander and Baldwin Board of Directors in 2011. Constance H. Lau, President and Chief Executive Officer of Hawaiian Electric Industries, Inc. Lau joined the Alexander & Baldwin Board of Directors in 2004. Jeffrey N. Watanabe, Chairman of the Board of Hawaiian Electric Industries, Inc. and retired founder of Watanabe Ing LLP, a limited liability law partnership. Watanabe joined the Alexander & Baldwin Board of Directors in 2003.
Matthew J. Cox, President and Chief Executive Officer. Cox joined Matson Navigationin June 2001as senior vice president and chief financial officer, and was appointed president of Matson Navigationin October 2008. Prior to joining Matson Navigation, Cox worked in the transportation industry for 15 years, 12 of which were spent at American President Lines, Ltd. Joel Wine, Senior Vice President and Chief Financial Officer. Previously, Wine was the senior vice president, chief financial officer and treasurer of Alexander & Baldwin, Inc. Wine joined Alexander & Baldwin in September 2011after 14 years at Goldman Sachs where he was a managing director in investment banking. Alexander & Baldwin was among Wine's portfolio of clients since 2002. Ronald J. Forest, Senior Vice President, Operations. Forest's career in the maritime industry spans over 30 years and has included 17 years with Matson, eight years with APL and nine years with United States Lines. He was made a vice president of Matson Navigationin 1998, and promoted to senior vice president in 2003. Forest also oversees Matson's investment in SSAT, a West Coaststevedoring joint venture with SSA Marine. Dave Hoppes, Senior Vice President, Ocean Services. Hoppes is responsible for sales, marketing, customer service, pricing and government services for the ocean transportation division of Matson. Hoppes' career with Matson Navigationbegan in 1989 and has included positions in both sales and operations. He was promoted to vice president in 2003 and became senior vice president in 2006.
- Kevin O'Rourke, Senior Vice President and Chief Legal Officer. O'Rourke joined
Matson Navigationin 1992 as vice president and general counsel. He was promoted to senior vice president in 1995. His career has included over 30 years of experience in domestic and international maritime law. Vic Angoco, Senior Vice President, Pacific. Angoco, has been in the maritime industry since 1990, and has held a wide range of operations and sales management positions. He joined Matson Navigationin 1996 and was promoted to senior vice president in 2010. Rusty Rolfe, President of Matson Logistics. Rolfe joined Matson Logistics in December 2001as executive vice president. Prior to Matson Logistics, Rolfe had 19 years of experience in the transportation industry, 11 of which were spent at American President Lines, Ltd.
Statements in this press release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.
These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K, our Registration Statement on Form S-4 and our other filings with the
Founded in 1882, Matson is one of the leading U.S. carriers in the Pacific. Matson provides a vital lifeline to the island economies of
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