St Joe’s Largest Shareholder Becomes Chairman

By Mar 5, 2011, 1:38 AM Author's Blog  

St. Joe Co.’s (JOE) newly formed board of directors has put former chairman Hugh M. Durden at the helm of the Florida real-estate developer as acting CEO, while investor Bruce Berkowitz, who controls 28.9% of St. Joe stock, has assumed permanently the position of chairman of the board, according to a Securities and Exchange Commission filing late Friday.

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