January 6, 2008
Kaneohe Ranch CEO Mitch D'Olier retires after land sale
By Star-Advertiser
staff
Mitch D'Olier has
retired as the president and CEO of Kaneohe Ranch Co. and the Harold K.L. Castle
Foundation a month after selling most real estate assets of the two
organizations for $373 million.
D'Olier announced
his retirement today. He will remain board chairman for both organizations and
consult part time for Kaneohe Ranch.
The move, along
with promotions to succeed D'Olier, was effective Jan. 1
Carlton K.C. Au
succeeded D'Olier as Kaneohe Ranch president and will also maintain his
positions as chief financial officer and treasurer. Au has worked for Kaneohe
Ranch and its predecessor companies since 1986. He also has worked for the
foundation since 2002.
Succeeding D'Olier
as president and CEO of the foundation was Terry George, who joined the
organization as vice president and executive director in 2003.
D'Olier had been
chief executive of Kaneohe Ranch and the foundation since 2002, and was
instrumental in selling most of the real estate assets of each organization,
including much of the commercial property in Kailua, to Alexander & Baldwin
Inc.
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