Alico, Inc. Appoints Joseph S. Sambuco as Director
May 25, 2017 at 03:24 pm EDT
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On May 23, 2017, the Board of Directors of Alico, Inc. appointed Joseph S. Sambuco as a director of the company to fill a vacancy on the Board of Directors. Mr. Sambuco is an independent director with a term expiring at the company's 2018 annual meeting of shareholders. Mr. Sambuco has been assigned to the audit committee and the compensation committee of the Board of Directors. Mr. Sambuco, age 56, is Chairman/CEO of Colonnade Properties LLC.
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
