Tejon Ranch (TRC) Newsfilter·2025-02-11 14:15Core Viewpoint - Tejon Ranch Company has appointed Matthew Walker as the new President and CEO, effective March 31, 2025, succeeding Gregory S. Bielli, who will retire after a significant tenure [1][5]. Company Leadership Transition - Matthew Walker will join Tejon Ranch as Chief Operating Officer on March 6, 2025, before officially taking over as President and CEO [1]. - Gregory S. Bielli has been with the company since 2013 and will continue to serve as an executive advisor and Director after his retirement [5]. Matthew Walker's Background - Walker has a 24-year career at Lowe Enterprises, where he served as Executive Vice President and Shareholder, focusing on hospitality and resort community development [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 for Tejon Ranch - Walker emphasizes the importance of responsible development at Tejon Ranch, which he believes is crucial for California's economic future, providing jobs and housing [4]. - The company aims to build on the success of the Tejon Ranch Commerce Center and advance three additional master planned communities [4][5]. - Norman Metcalfe, Chairman of the Board, highlights Walker's unique development background as vital for the company's growth and shareholder value [4]. Company Overview - Tejon Ranch Company is a diversified real estate development and agribusiness firm with a principal asset of 270,000 acres of land located between Los Angeles and Bakersfield [6].