The chief executive of Hawaii real estate development and investment firm Alexander & Baldwin Inc. plans to retire at the end of the year after a 6-year run leading the company.
A&B’s board announced Tuesday that Stan Kuriyama, 61, will retire as CEO and yield the title to the company’s president and No. 2 executive, Chris Benjamin.
Benjamin, 52, will become CEO Jan. 1. Kuriyama will continue to serve as A&B’s board chairman.
As part of the leadership changes, Benjamin will cease to be president of A&B Properties, the company’s real estate division effective Sept. 1. Replacing Benjamin in that position will be Lance Parker, A&B’s senior vice president of acquisitions & dispositions.
Honolulu-based A&B is the fourth-largest private landowner in the state, with about 88,000 acres of property. The company owns much of the commercial core in Kailua, major shopping centers, resort and residential development projects, Maui sugar plantation Hawaiian Commercial & Sugar Co. and paving contractor Grace Pacific.