Tejon Ranch Company Announces Appointment of New President & CEO

Company Leadership Transition - Tejon Ranch Company has selected Matthew Walker as the new President and CEO, effective March 31, 2025, succeeding Gregory S. Bielli who will retire [1][5] - Walker will initially join as Chief Operating Officer on March 6, 2025, following a nationwide search led by the Board of Directors [1] Matthew Walker's Background - Walker has a 24-year career at Lowe Enterprises, where he served as Executive Vice President and Shareholder, overseeing hospitality and resort community platforms [2] - His experience includes resort and residential development, sales and marketing, and capital development [2][3] - Walker holds a Bachelor of Architecture from Cornell University and an MBA from UCLA Anderson School of Management [3] Strategic Vision and Goals - Walker emphasizes the importance of responsible development at Tejon Ranch for California's future, aiming to create jobs, housing, and economic opportunities in Southern California [4] - The company plans to build on the success of the Tejon Ranch Commerce Center and develop three additional master planned communities to unlock shareholder value [4][5] Board's Perspective - Norman Metcalfe, Chairman of the Board, highlights Walker's unique development background and skills in creating immersive experiences as crucial for the company's growth [4] - The Board expresses gratitude to Bielli for his contributions, including the development of key projects like the Outlets at Tejon and the Tejon Ranch Commerce Center [4][5] Company Overview - Tejon Ranch Company is a diversified real estate development and agribusiness company with a principal asset of 270,000 acres located 60 miles north of Los Angeles [7]