Alico Announces CFO Resignation

Alico, Inc. ALCO announced today that Scott Whitney, Alico's Chief Financial Officer, has notified the Company that he intends to resign for personal reasons and pursue other interests. Mr. Whitney has indicated that he has no disagreements with management. In order to facilitate an orderly transition, his resignation will be effective as of the earlier to occur of the filing of the Company's 10-Q for the second quarter of fiscal 2011 or the appointment of his successor. Alico is seeking chief financial officer candidates and expects to complete the search in the near future. The Company intends to appoint Mr. Steven C. Lewis, the Company's Treasurer as interim CFO in the event Mr. Whitney's resignation becomes effective prior to the appointment of his successor. Steve was formerly the Chief Financial Officer of WilsonMiller, Inc. in Naples, FL and holds a Bachelor of Science degree in Accounting from the University of Florida.