Maui Business

Matson and A&B Split Complete

July 2, 2012, 10:17 AM HST
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matson 1st ship emma claudine 1882

Matson’s first ship the Emma Claudine as she looked in 1882. D. Obrien photo.

By Sonia Isotov

Matson, Inc. announced today that the separation of Alexander & Baldwin Holdings, Inc. into Matson, Inc. and Alexander & Baldwin, Inc. has been completed.

Alexander & Baldwin Holdings, Inc. has changed its name to Matson, Inc. It will begin trading on the New York Stock Exchange today under the ticker symbol “MATX.”

The distribution was completed on June 29, 2012 and under the terms of the distribution, Alexander & Baldwin Holdings, Inc. shareholders, as of the record date of June 18, 2012, received one share of common stock of Alexander & Baldwin, Inc. for every share of Alexander & Baldwin Holdings, Inc.

Matson also announced that its Board of Directors declared a third quarter 2012 dividend of $0.15 per common share. The dividend is payable on September 6, 2012 to Matson shareholders of record as of the close of business on August 2, 2012.

The Matson barge MV Maunalei. Photo courtesy of Matson.

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“Matson has been serving Hawaiicontinuously since 1882,” said Walter Dods, the chairman of the board of directors of Matson.  “We are proud that Matson will now be the state’s 14th publicly traded company.”

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Matson, Inc.’s Board of Directors

  • Walter A. Dods, Jr., currently the Matson’s chairman of the board and the retired chairman and chief executive officer of BancWest and First Hawaiian Bank
  • W. Blake Baird, chairman of the board and chief executive officer of Terreno Realty Corporation.
  • Michael J. Chun, the retired president of Kamehameha Schools Kapalama Campus
  • Matthew J. Cox, the president and chief executive officer of Matson, Inc
  • Admiral Thomas B. Fargo, US Navy (retired), the chairman of the board of Huntington Ingalls Industries
  • Constance H. Lau, the president and chief executive officer of Hawaiian Electric Industries, Inc
  • Jeffrey N. Watanabe, the chairman of the board of Hawaiian Electric Industries, Inc. and retired founder of Watanabe Ing LLP, a limited liability law partnership.

Matson Inc.’s Executive Management

  • Matthew J. Cox, the president and chief executive officer
  • Joel Wine, the senior vice president and chief financial officer
  • RonaldJ.Forest, the senior vice president of operations
  • Dave Hoppes, the senior vice president of ocean services
  • Kevin O’Rourke, the senior vice president and the chief legal officer
  • Vic Angoco, the senior vice president of the Pacific region
  • Rusty Rolfe, the president of Matson logistics
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