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St Joe Board Appoints Berkowitz

St Joe Company’s board has appointed Bruce Berkowitz, head of Fairholme Funds, as its Chairman.

StJoeCompany’s board has appointed Bruce Berkowitz, head of Fairholme Funds, as its Chairman, Reuters reports. The U.S. real estate developer has also named Fairholme president, CharlesFernandez, as St Joe’s vice chairman.

The Florida-based firm has also appointed Carnival’s COO, Howard Frank and former Florida Governor, Charles Crist to its board. St Joe is seeking a new CEO and has named former Chairman, Hugh Durden, as its acting CEO.

Click here for the story from Reuters.

Click here for additional coverage from The Wall Street Journal.

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