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The Honolulu Advertiser
Updated at 4:03 p.m., Thursday, August 28, 2008

A&B realigns top management, names new president

Advertiser Staff

Honolulu-based Alexander & Baldwin Inc. will realign top management effective Oct. 1 with a raft of changes that include naming a new president of the diversified company.

Allen Doane, A&B's longtime chairman and CEO, will remain in those positions to head the firm, but he is handing the role of president to Stanley Kuriyama.

Kuriyama has been president and CEO of A&B's land division and with the promotion will assume day-to-day operational responsibility for the land division and ocean transportation subsidiary Matson Navigation Co.

Doane has been A&B president and CEO since 1998, and became chairman in 2006. In the realignment, Kuriyama will report to Doane.

Taking over Kuriyama's present position as president of subsidiary A&B Properties will be Norbert Buelsing. Currently, Buelsing is executive vice president of A&B Properties and is responsible for the company's commercial real estate portfolio.

Robert Sasaki is being appointed A&B Properties vice chairman, a position also held by Kuriyama.

At Matson, James Andrasick is leaving the president and CEO position to become chairman. Andrasick will report to Doane, and also will continue to be responsible for Matson Integrated Logistics and Matson's legal and environmental departments.

Matthew Cox will become Matson's president, and assume responsibility for all Matson functions not remaining with Andrasick. He will report to Kuriyama. Cox presently is Matson's executive vice president and chief operating officer.

A&B said the changes are being made to provide added leadership focus to the company, which besides operating Matson and A&B Properties operates Hawaiian Commercial & Sugar Co. and Kauai Coffee Co.

"I am very pleased to announce these senior management changes, which are intended not only to recognize the important contributions of all of these individuals but also to enhance Alexander & Baldwin's management capability," Doane said in a statement. "Both Matson and A&B Properties have achieved stellar records of success under the leadership of these individuals, and I am grateful for the board's full support of these planned changes. We are all confident that with the team we have in place under this new structure, we are best-positioned to chart the right course for the company."