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Exec Edge hosted a fireside chat on June 1 at Nasdaq MarketSite with John Kiernan, President and Chief Executive Officer at Alico, Inc. (Nasdaq: ALCO). The in-person interview was joined by Editor-at-Large Jarrett Banks and they discussed how the company monetizes its land portfolio through agricultural leases, development entitlements, conservation commitments, and residential and commercial projects.
About John Kiernan
John Kiernan leads Alico as our President and CEO and was previously its CFO. Before joining Alico, John worked as the CFO of Greenwich Associates, a private global research-based consulting firm serving the financial services industry. John previously worked as the Treasurer and SVP for Capital Markets & Risk Management for Global Crossing until its $3B sale to Level 3 in 2011.
He was also the VP of Investor Relations for Misys plc, which maintained a public listing on the London Stock Exchange and a NASDAQ listing for one of its subsidiaries, and a Director of Corporate Development for IBM. Earlier in his career, John spent 12 years as an investment banker and specialized in IPOs and M&A for technology companies during his tenure at Bear Stearns, where he earned the title of Managing Director.
John earned a BA in Finance and History summa cum laude from Saint Vincent College, earned an MBA from the Darden Graduate School of Business Administration and a Juris Doctorate from the University of Virginia School of Law. He is a member of New York Bar and a Certified Treasury Professional.
About Alico Inc.
Alico, Inc. (Nasdaq: ALCO) is a holding company with assets and related operations in agriculture and environmental resources, including citrus and wildlife management. Our mission is to create value for shareholders by managing existing assets to their optimal current income and total returns, opportunistically acquiring new assets and producing high quality agricultural products while exercising responsible environmental stewardship.
Our objectives are to produce the highest quality agriculture products, create innovative land uses, opportunistically acquire and convert undervalued assets, sell under productive land, generate recurring and sustainable profit with the appropriate balance of risk and reward, and exceed the expectations of shareholders, customers, clients, growers and partners.
Our strategic vision:
- Monetize under-productive assets
- Land or easement sales
- Creative solutions to enhance and extract value
- Natural resource management and conservation
- Mineral rights exploitation
- Opportunistically invest in citrus groves to increase citrus production
- Plant groves on company land
Our strategy is based on best management practices of our agricultural operations, as well as environmental and conservation stewardship of our rural land and natural resources. We manage our land in a sustainable manner and evaluate the effect of changing land uses while considering new opportunities. Our commitment to environmental stewardship is fundamental to Alico’s core beliefs.
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