Alico Hires Chief Financial Officer

Alico, Inc. ALCO announced today the hiring of Mark Humphrey as Chief Financial Officer, effective June 20, 2011. Mr. Humphrey will be responsible for all corporate finance, treasury and accounting functions for Alico, Inc. and its subsidiaries. Mr. Humphrey most recently was the Chief Financial Officer for the Compass Management Group, LLC, a diversified company involved in the management of homeowners associations in Southwest Florida. Prior to his involvement with the Compass Management Group he held similar positions with Prime Microwave, Inc. and Source Interlink Companies. Mr. Humphrey started his career with PricewaterhouseCoopers and spent two years in the firm's National Accounting & SEC Directorate in New York City where he helped develop Sarbanes – Oxley methodology for the firm and its clients. Mr. Humphrey holds a BS and MS in Accounting from the University of Florida and he has a CPA designation.