Maui Business

A&B Continues Reorganization, Appoints New CFO

July 6, 2011, 1:03 PM HST
* Updated July 8, 1:09 PM
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Norbert Buelsing, A&B Properties President to Retire. Courtesy Photo.

By Sonia Isotov

As part of a larger realignment, Alexander & Baldwin, Inc. President and Chief Executive Officer Stanley M. Kuriyama today announced the appointment of Joel Wine as the Company’s senior vice president, chief financial officer and treasurer.

Effective September 1, Wine will oversee all financial matters of A&B and its subsidiaries and direct the Company’s corporate development activity. “Wine’s hiring represents the effective and timely culmination of a comprehensive management transition plan announced in February,” said Kuriyama in a written statement.

As part of the transition plan, Wine will succeed Christopher J. Benjamin as chief financial officer as Benjamin assumes his new role as president of A&B Land Group, which encompasses A&B Properties, Inc. and the Company’s various agricultural businesses. Norbert M. Buelsing, current president of A&B Properties. Also as part of this realignment, Rick W. Volner was promoted on April 1 to general manager, Hawaiian Commercial & Sugar Company.

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Wine comes to A&B after fourteen years at Goldman Sachs, where he had been a managing director and senior investment banking advisor since 2004. In his duties at Goldman Sachs, Wine provided strategic and financial advice to a broad spectrum of companies across the nation, including companies in the transportation and real estate sectors. A&B has been in Wine’s portfolio of clients since 2002.

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