Bluegreen Vacations Corp. Announces Retirement of Chief Financial Officer, Anthony M. Puleo, And Appointment of Raymond S. Lo...
September 09 2019 - 8:45AM
Business Wire
Bluegreen Vacations Corporation (NYSE: BXG) ("Bluegreen
Vacations" or the “Company") announced today that Anthony M. Puleo
has informed the Company that he will be retiring as Executive Vice
President, Chief Financial Officer & Treasurer effective
September 30, 2019. Mr. Puleo will stay on with the Company in a
consulting role as Advisor to the President and Chief Executive
Officer.
Mr. Puleo has been with Bluegreen Vacations for almost 22 years,
serving as Chief Accounting Officer from 1997 through April 2005,
Interim Chief Financial Officer from April 2005 through August 2005
and Chief Financial Officer & Treasurer from August 2005
through September 2019. In addition, Mr. Puleo has served the
Company as President of Bluegreen Treasury Services since 2010 and
as the Chairman of the Executive Committee from 2015 through 2017.
Mr. Puleo currently serves as a Trustee with the American Resort
Development Association (ARDA), as an Advisory Board Member with
the Florida Institute of Chief Financial Officers and is a member
of the Young Presidents’ Organization.
“Tony has been an integral part of the leadership of Bluegreen
throughout his long career. We have appreciated his contributions
to our success, including raising over $3.3 billion of financing
through the various lending relationships Tony has built over the
years and the Term Securitization program he has led, helping the
Company successfully navigate the 'Great Recession', as well as
helping lead our 2017 initial public offering. “I am extremely
happy that he will continue to be a resource to our Company in his
new consulting role,” said Shawn B. Pearson, President and Chief
Executive Officer of Bluegreen Vacations.
“I have enjoyed my time at Bluegreen Vacations and being a part
of this amazing team. I’d like to thank the Board of Directors, the
Executive Committee, my Bluegreen Treasury Services team and our
lenders and other stakeholders for their support throughout my
career. I am excited to continue serving the Company and Shawn in
my consulting role as we move forward,” said Tony Puleo.
Effective September 30, 2019, the Board of Directors of the
Company has appointed Raymond S. Lopez as Executive Vice President,
Chief Financial Officer & Treasurer. Mr. Lopez will continue to
serve as Executive Vice President and Chief Financial Officer of
BBX Capital Corporation (NYSE:BBX) (“BBX”), the owner of 90.3% of
Bluegreen Vacation’s common stock. Prior to joining BBX, Mr. Lopez
served as Chief Accounting Officer of the Company from 2005 through
2015 and as Controller from 2004 to 2005. Mr. Lopez is a Certified
Public Accountant, is currently serving as the Co-Chairperson of
the ARDA Finance Committee and was named “Chief Financial Officer
of the Year” by the South Florida Business Journal in 2018.
“Ray steps in as Bluegreen’s Chief Financial Officer with a
thorough understanding of our business, lending relationships and
strategic initiatives. Through his over 10 years of experience in
financial leadership at Bluegreen as well as through his oversight
role as the CFO of BBX during the past four years, he will hit the
ground running. I look forward to continuing to work with Ray in
his new role,” said Mr. Pearson.
About Bluegreen Vacations Corporation Bluegreen Vacations
Corporation (NYSE: BXG) is a leading vacation ownership company
that markets and sells vacation ownership interests (VOIs) and
manages resorts in top leisure and urban destinations. The
Bluegreen Vacation Club is a flexible, points-based, deeded
vacation ownership plan with approximately 217,000 owners, 69 Club
and Club Associate Resorts and access to more than 11,300 other
hotels and resorts through partnerships and exchange networks as of
June 30, 2019. The Bluegreen Resorts Collection, designed to
deliver a seamless process for vacationers, features beautiful and
unique resorts grouped by theme that range from beachside getaways,
to theme park adventures, immersion in the great outdoors, historic
and cultural exploration. Bluegreen Vacations also offers a
portfolio of comprehensive, fee-based resort management, financial,
and sales and marketing services, to or on behalf of third parties.
Bluegreen is approximately 90% owned by BBX Capital Corporation
(NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For
further information, visit www.BluegreenVacations.com.
About BBX Capital
Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX:
BBXTB) is a Florida-based diversified holding company whose
principal investments include Bluegreen Vacations Corporation
(NYSE: BXG), BBX Capital Real Estate, Renin Holdings, and IT’SUGAR.
For additional information, please visit www.BBXCapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190909005539/en/
Bluegreen Vacations Corporation: Nikki Sacks,
203-682-8263 or Evelyn Infurna, 203-682-8265 Email:
bluegreenvac@icrinc.com
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Aug 2024 to Sep 2024
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Sep 2023 to Sep 2024