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Kaneohe Ranch CEO Mitch D'Olier retires after land sale

By Star-Advertiser staff

POSTED:
LAST UPDATED: 01:25 p.m. HST, Jan 06, 2014


Mitch D'Olier has retired as the president and CEO of Kaneohe Ranch Co. and the Harold K.L. Castle Foundation a month after selling most real estate assets of the two organizations for $373 million.

D'Olier announced his retirement today. He will remain board chairman for both organizations and consult part time for Kaneohe Ranch.

The move, along with promotions to succeed D'Olier, was effective Jan. 1

Carlton K.C. Au succeeded D'Olier as Kaneohe Ranch president and will also maintain his positions as chief financial officer and treasurer. Au has worked for Kaneohe Ranch and its predecessor companies since 1986. He also has worked for the foundation since 2002.

Succeeding D'Olier as president and CEO of the foundation was Terry George, who joined the organization as vice president and executive director in 2003.

D'Olier had been chief executive of Kaneohe Ranch and the foundation since 2002, and was instrumental in selling most of the real estate assets of each organization, including much of the commercial property in Kailua, to Alexander & Baldwin Inc.






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Huivaa wrote:
Time to take the money and get out of dodge before the locals figured out you turned their residential community into a tacky tourist trap...
on January 6,2014 | 12:52PM
kulanakai wrote:
Great, now he's going to have more time to serve on boards. Public...watch out!
on January 6,2014 | 01:05PM
false wrote:
Oh heaven help us. What a nightmare.
on January 6,2014 | 06:12PM
Kuokoa wrote:
So what percentage of the sale price did he get?
on January 6,2014 | 01:06PM
kailuanokaoi wrote:
He's taking his $13 million from the sale and off he goes...."set it and forget it" seems to be his style of doing business...
on January 6,2014 | 01:23PM
residenttaxpayer wrote:
Now that he made a killing on the sale ....it's time to leave
on January 6,2014 | 01:24PM
control wrote:
Doing what's good for the community or just what's good for MO? Good riddance.
on January 6,2014 | 02:02PM
false wrote:
Ditto!
on January 6,2014 | 06:12PM
Bdpapa wrote:
He's actually a good guy. I wish him well.
on January 6,2014 | 02:20PM
cojef wrote:
no kidding?
on January 6,2014 | 02:39PM
kukunaokala wrote:
He was a slim ball, nothing good about him, totally lied to our Community many times! The Castle family has not done much good since Harold passed away, ever notice how they cite only his past good works?
on January 6,2014 | 03:45PM
false wrote:
Thought I was the only one in that club. Nice to have company. How did he last so long? What a nuisance!
on January 6,2014 | 06:13PM
saywhatyouthink wrote:
The golden parachute has fully deployed. I like how SA left out the part about Mitch collecting millions for selling the ranch's assets to A&B.
on January 6,2014 | 05:34PM
awahana wrote:
He's a lawyer, as are his children.
on January 6,2014 | 07:09PM
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