Bluegreen Vacations Corporation announced that Shawn B. Pearson has resigned as President and Chief Executive Officer effective December 31, 2019 for family reasons. Alan B. Levan will succeed Mr. Pearson as President and CEO of the Company following Mr. Pearson's separation. Mr. Levan has served as Chairman of Bluegreen Vacations for over 15 years. Mr. Levan also serves as Chairman, CEO and President of BBX Capital Corporation. BBX Capital, indirectly through its wholly-owned subsidiary, Woodbridge Holdings Corporation, owns approximately 90% of the Company's outstanding common stock. The Company also announced that Raymond S. Lopez was appointed Chief Operating Officer, in addition to his current role as Executive Vice President, Chief Financial Officer & Treasurer. Mr. Lopez will also continue to
serve as Executive Vice President and Chief Financial Officer of BBX Capital Corporation. Mr. Lopez previously served as Chief Accounting Officer of the Company from 2005 through 2015 and as Controller from 2004 to 2005. Mr. Lopez is a Certified Public Accountant, is currently serving as the Co-Chairperson of the ARDA Finance Committee and was named Chief Financial Officer of the Year” by the South Florida Business Journal in 2018.