Company Executives Switch Positions

The president and COO of Alexander & Baldwin, Inc., and the president and COO of its subsidiary, Matson Navigation Company, will switch positions this month, according to R.J. Pfeiffer, chairman and chief executive officer of both firms.

John C. Couch, Matson's president and chief operating officer since January, will become president and COO of A&B, and Michael S. Wasacz, who has been A&B's president and COO over the same period, will resume the Matson presidency he held previously from 1981 through 1983.

Mr. Pfeiffer said the changes are in accordance with the company's policy "to seek every opportunity to give our senior executives the opportunity to run as many diverse operations as practicable." Both Mr. Couch and Mr. Wasacz will report to Mr. Pfeiffer in their new positions.

The new assignments were made possible by Mr. Pfeiffer's consent to postpone his retirement three years beyond his previously planned date of April 1, 1986, at the request of the A&B board of directors.

The principal operations of A&B, headquartered in Honolulu, Hawaii, are in ocean transportation, sugar production and property development and management. Matson Navigation is headquartered in San Francisco, Calif.

Maritime Reporter Magazine, page 39, Oct 15, 1985

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