POSTED: 12:27 p.m. HST, Jan 06, 2014
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.