honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Posted on: Thursday, August 27, 2009

A&B's Matson chairman retiring


Advertiser Staff

Hawaii news photo - The Honolulu Advertiser

James Andrasick

spacer spacer

Longtime Alexander & Baldwin Inc. executive James Andrasick is retiring from the company.

Andrasick, 65, caps a career at A&B that included serving as the firm's chief financial officer and chief executive of subsidiary Matson Navigation Co. His retirement is effective Tuesday.

Andrasick for the past 11 months has been Matson's chairman, but retained duties overseeing the ocean transportation firm's legal and environmental departments as well as ground transportation services affiliate Matson Integrated Logistics.

A&B lauded Andrasick's leadership of Matson during a period that included building four new containerships, launching service to and from China and growing Matson Integrated Logistics revenue from $122 million in 2001 to $435 million last year.

The executive also led Matson through a West Coast worker lock-out in 2002 and the relocation of the company's headquarters from San Francisco to Oakland in 2003.

"Jim Andrasick provided strong leadership for Matson during a very important time for the company," said Matson President Matt Cox. "His accomplishments have been wide ranging and enduring."

Allen Doane, A&B chairman and CEO, added: "It has been my privilege to know Jim for more than thirty years. We have been fortunate to have him at A&B and Matson for nearly a decade and are deeply appreciative of the many contributions to the company."

"During Jim Andrasick's career at Matson, the company was able to demonstrate how an American carrier operating U.S-built vessels can compete in the highly competitive China trade," Doane said.

Andrasick joined A&B in mid-2000 as chief financial officer. He served as Matson's president and CEO from 2002 to October 2008. Before joining Matson, Andrasick held various positions at other local companies, including another one of Hawai'i's historic Big Five companies, C. Brewer & Co., where he was president for a decade.