Tejon Ranch CEO delays retirement to March 31, 2025; successor search continues

TEJON RANCH CO

CEO Gregory Bielli extends retirement from Dec 31, 2024 to March 31, 2025 to assist transition.
During extension, Bielli continues salary, pro-rata target bonus, benefits; excluded from 2025 exec comp plan.
Consulting agreement amended to run April 1, 2025 – March 31, 2026; other terms unchanged.
Board's ad hoc search committee still seeking successor; search ongoing.

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