MEDIA RELEASE

WAIMEA – Parker Ranch, Inc. Board of Directors announced a new leadership direction for the 161 year old company, effective Jan. 1.

Chris Kanazawa , who served as resident and CEO for the last four years will step down as its chief executive and from his directorship with Parker Ranch Inc. Board of Directors, yet continue with the Ranch in the capacity of private consultant. As a consultant to the Ranch, Kanazawa will handle special projects.

William Maris who recently joined Parker Ranch as chief financial officer will serve as interim chief operating officer responsible for day-to-day operations.

A search for new leadership will begin soon.

“On behalf of the Parker Ranch Inc. directors, I want to thank Chris Kanazawa for his years of service to Parker Ranch,” PRI board chairman David McCoy said.

Parker Ranch is one of the largest ranches in the United States , spanning more than 130,000 acres across the Big Island. It surrounds the town of Waimea and spreads between the Kohala and Mauna Kea mountains.

The ranch is owned by the Parker Ranch Foundation Trust for the benefit of four local charities: North Hawaii Community Hospital, Hawaii Preparatory Academy, Parker School Trust Corporation and Hawaii Community Foundation.

For more information, call 885-2302 or 640-3022.