Tejon Ranch CEO Bielli to retire Dec 31, 2024; will remain as director and senior advisor

TEJON RANCH CO

Gregory Bielli, President and CEO since 2013, intends to retire on December 31, 2024.
Bielli will continue to serve on the Board after retirement and provide consulting services through 2025.
Consulting Agreement pays $85,000 per month for a one-year term starting January 1, 2025.
Board formed ad hoc search committee (Norm Metcalfe, Michael Winer, Steve Betts, Bielli) and retained Korn Ferry.
Press release highlights accomplishments: entitlements, 5.5M sq ft industrial/commercial, Outlets at Tejon, first residential project.

item 5.02 item 8.01 item 9.01

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Departed

Gregory Bielli

President and Chief Executive Officer

TRC · TEJON RANCH CO

Effective: 2024-12-31
Filed: March 26, 2024, 7:59 PM ET

On March 20, 2024, Mr. Gregory Bielli, President and Chief Executive Officer (“CEO”) of Tejon Ranch Company (“Company”), announced his intent to retire on December 31, 2024 (“Retirement Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory Bielli departed as President and Chief Executive Officer at TEJON RANCH CO.

Action: announced intent to retire
Role: President and Chief Executive Officer

Exact text from the filing

On March 20, 2024, Mr. Gregory Bielli, President and Chief Executive Officer (“CEO”) of Tejon Ranch Company (“Company”), announced his intent to retire on December 31, 2024 (“Retirement Date”).

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TEJON RANCH CO filing history →

Source: SEC EDGAR

accession 0001193125-24-076651

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