The St. Joe Company CEO to Resign

The St. Joe Company JOE today announced that it has reached an understanding with its largest shareholder, The Fairholme Fund, a series of Fairholme Funds, Inc., on certain corporate governance matters. Britt Greene has resigned from the Company's Board of Directors, effective immediately, and he will step down from the positions of President and CEO later this week. St. Joe will commence a search process and expects to engage an executive search firm to identify potential candidates to serve as CEO on a permanent basis.