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United States

St. Joe Co (JOE.N)

JOE.N on New York Stock Exchange

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Summary

Name Age Since Current Position

Bruce Berkowitz

59 2011 Independent Chairman of the Board

Jorge Gonzalez

53 2015 President, Chief Executive Officer, Director

Marek Bakun

45 2016 Chief Financial Officer, Executive Vice President

Elizabeth Walters

2018 Senior Vice President, General Counsel, Corporate Secretary

Patrick Murphy

47 2012 Senior Vice President - Operations

Susan Mermer

58 2016 Chief Accounting Officer

Cesar Alvarez

70 2012 Independent Director

Howard Frank

77 2011 Independent Director

James Hunt

62 2016 Independent Director

Thomas Murphy

69 2011 Independent Director

Biographies

Name Description

Bruce Berkowitz

Mr. Bruce R. Berkowitz is an Independent Chairman of the Board of St Joe Company. Mr. Berkowitz is the Chief Investment Officer of Fairholme Capital Management, L.L.C. (“Fairholme Capital”), President of the Fairholme Fund and Manager of Fairholme Holdings LLC. Fairholme Capital owned approximately 33.75% of our common stock as of March 30, 2017. Mr. Berkowitz has served as a director of the Fairholme Fund, a family of publicly traded focused investment funds, since 1999, and as a director of Sears Holding Corporation (NASDAQ) since February 2016. He is also a director of Fairholme Trust Company, LLC, and has served as a director of Olympus Re Holdings, Ltd. and Olympus Reinsurance Company, Ltd. (Bermuda) since 2001. Previously, Mr. Berkowitz served as a director of each of White Mountains Insurance Group, Ltd., a financial services holding company, from 2004 to 2010, AmeriCredit Corporation, a retail financial services company, from 2008 to 2009 and TAL International Group Inc., a lessor of intermodal freight containers and chassis, from 2004 to 2009. In addition, Mr. Berkowitz was Managing Member of Fairholme Capital from 1997 to 2014. The Board nominated Mr. Berkowitz to serve as a director because of his extensive financial and investment experience and his valuable network of business and professional relationships.

Jorge Gonzalez

Mr. Jorge Luis Gonzalez is the President, Chief Executive Officer, Director of The St. Joe Company. Mr. Gonzalez joined us in 2002 and has served as our President and Chief Executive Officer since November 2015. During his time with the Company, Mr. Gonzalez has served in roles of increasing responsibility, including as the Company’s Senior Vice President of Development from March 2015 to November 2015. Mr. Gonzalez has over 26 years of continuous experience in various planning and real estate related roles. Mr. Gonzalez serves on various community boards and organizations including the Florida State University Panama City Campus Development Board, the Bay County Economic Development Alliance, the Northwest Florida Manufacturer’s Council, Gulf Coast Regional Medical Center, and Enterprise Florida. Mr. Gonzalez has undergraduate and graduate degrees from Florida State University. The Board nominated Mr. Gonzalez to serve as a director because of his extensive experience in the real estate development industry, including as an executive officer of the Company

Marek Bakun

Mr. Marek Bakun is the Chief Financial Officer, Executive Vice President of St Joe Company. Prior to joining us in 2013, Mr. Bakun served as Chief Financial Officer and Treasurer of Orleans Homebuilders, Inc., a homebuilding company, in Bensalem, Pennsylvania from February 2011 until October 2013. From October 2010 to February 2011, Mr. Bakun served in a senior finance position for MDC Holdings, Inc., a homebuilder which builds under the name Richmond American Homes, where he provided financial analysis in connection with systems implementation in two of the company’s U.S. markets and provided financial analysis on other initiatives. From April 2008 to October 2010, Mr. Bakun served as Chief Financial Officer and Treasurer for Mattamy Homes Corporation with responsibility for financial controls in its five U.S. markets. From 1999 to April 2008, Mr. Bakun served in positions of increasing responsibility for Morrison Homes, which merged into Taylor Morrison Home Corporation during his tenure, and was appointed Vice President and Chief Financial Officer in August 2006.

Elizabeth Walters

Ms. Elizabeth J. Walters is Senior Vice President, General Counsel, Corporate Secretary of the Company, effective August 27, 2018. Ms. Walters joins the company after more than 20 years with Burke Blue Hutchison Walters & Smith, P.A (“Burke Blue”), where she was a partner with the firm. Burke Blue, founded in 1973, is a full-service legal firm based in Panama City, Florida. Ms. Walters represented clients in commercial, resort and residential real estate law from property acquisition, design, entitlement process, financing, construction and project operations, to redevelopment or sale of real property. She also represented clients in the areas of land use law, governmental relations, banking, business and commercial law. Prior to joining Burke Blue in 1995, Ms. Walters served in various senior staff positions with the Florida Cabinet and Legislature, and is currently the Chair of the Florida Board of Bar Examiners. Ms. Walters holds a BA and MA from The University of West Florida and a JD with honors from The Florida State University College of Law.

Patrick Murphy

Mr. Patrick W. Murphy is the Senior Vice President - Operations of St. Joe Co. From March 2006 until October 2012, Mr. Murphy served as the General Manager of the WaterColor Inn & Resort, our wholly owned resort. Prior to joining us, Mr. Murphy held various management positions with Five Diamond and Five Star Resorts, including Nemacolin Woodlands Resort from 2004 to 2006 and Sea Island Company from 2001 to 2004.

Susan Mermer

Ms. Susan D. Mermer is the Chief Accounting Officer of St Joe Company., effective 28 March 2016. She joins the Company after serving as Vice President and Corporate Controller at Lighting Science Group Corporation, a public company specializing in LED lighting technology, since 2009, where she was responsible for the company’s global accounting and finance activities including financial reporting. Prior to joining Lighting Science Group Corporation, Ms. Mermer served as Controller at The Goldfield Corporation, a public electrical construction and real estate development company, from 2007 to 2009. Previously, from 2006 to 2007, Ms. Mermer served as Executive Vice President, Chief Financial Officer and Secretary at eMerge Interactive, Inc., a technology company, prior to which, she served as its Controller from 2000 to 2006. Ms. Mermer began her career in public accounting at KPMG, where she worked for eight years providing audit services to multiple companies, including SEC reporting companies and real estate entities, and ending her position with KPMG as Audit Manager. Ms. Mermer earned her Bachelors degree from the University of Virginia. She is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Cesar Alvarez

Mr. Cesar L. Alvarez is an Independent Director of St. Joe Co. Mr. Alvarez has served as Senior Chairman of the international law firm of Greenberg Traurig, LLP, commencing in 2016. Prior to his appointment as Senior Chairman, Mr. Alvarez served as the firm’s Co-Chairman from 2012 to 2016. He previously served as the firm’s Chief Executive Officer from 1997 until his election as Executive Chairman in January 2010 and as its Executive Chairman from January 2010 until his election as Co-Chairman. Mr. Alvarez has served on the board of directors of Mednax, Inc. (NYSE) since 1997 and on the board of directors of Intrexon Corporation (NYSE) since 2008. Mr. Alvarez has also served on the board of directors of Fairholme Funds, Inc. (“Fairholme Fund”), a family of publicly traded focused investment funds, since 2008 and on the board of directors of Sears Holding Corporation (NASDAQ) since 2013. Mr. Alvarez previously served on the board of Watsco, Inc. (NYSE) from May 1997 until May 2015. Mr. Alvarez has served as Senior Chairman of the international law firm of Greenberg Traurig, LLP, commencing in 2016. Prior to his appointment as Senior Chairman, Mr. Alvarez served as the firm’s Co-Chairman from 2012 to 2016. He previously served as the firm’s Chief Executive Officer from 1997 until his election as Executive Chairman in January 2010 and as its Executive Chairman from January 2010 until his election as Co-Chairman. Mr. Alvarez has served on the board of directors of Mednax, Inc. (NYSE) since 1997 and on the board of directors of Intrexon Corporation (NYSE) since 2008. Mr. Alvarez has also served on the board of directors of Fairholme Funds, Inc. (“Fairholme Fund”), a family of publicly traded focused investment funds, since 2008 and on the board of directors of Sears Holding Corporation (NASDAQ) since 2013. He previously served on the board of Watsco, Inc. (NYSE) from May 1997 until May 2015.

Howard Frank

Mr. Howard S. Frank is an Independent Director of St. Joe Co. Mr. Frank is currently a Consultant to the CEO of Carnival Corporation & plc (“Carnival”). He has also served as Chairman of the board of directors of Costa Crociere, S.p.A., Carnival’s largest cruise group in Europe since 2014. From January 1998 until January 2014, Mr. Frank served as the Chief Operating Officer and Vice Chairman of the board of directors of Carnival (NYSE), the largest cruise vacation group in the world. Mr. Frank is a past Chairman and current member of the Board of Trustees for the New World Symphony and currently serves as Independent Director on the board of directors of the Fairholme Fund, a family of publicly traded focused investment funds. The Board nominated him to serve as a director because of his extensive strategic accounting, operational experience and sound business judgment demonstrated throughout his career with Carnival, as well as his experience as an Audit Committee Chair with the Fairholme Fund.

James Hunt

Mr. James S. Hunt is an Independent Director of St Joe Company. Mr. Hunt is retired executive who focuses on his work as a corporate director, serving public, private and large scale operating and not for profit enterprises. Mr. Hunt served as Executive Vice President and Chief Financial Officer of Walt Disney Parks and Resorts Worldwide from 2003 until his retirement in 2012. During that period, he was a member of the Boards of Directors of Disney’s Hong Kong International Theme Park Company Limited, Shanghai International Theme Park Company Limited and Shanghai International Associated Facilities Company, Limited, as well as Disney’s Alameda Insurance and Buena Vista Insurance companies. Prior to that, between 1992 and 2003 he held senior finance positions with Walt Disney World Resort, including Vice President – Finance and Controllership, Senior Vice President – Operations Finance and Executive Vice President and Chief Financial Officer. Before that time, Mr. Hunt was a Partner with Ernst & Young. Mr. Hunt is a member of the Board of Trustees of Penn Mutual Life, a mutual life insurance company, where he serves on the Investment and Executive Committees and as Chair of the Audit Committee. Since 2013, Mr. Hunt has served on the board of directors of Brown & Brown, Inc. (NYSE), and chairs its Audit Committee and serves as a member of the Compensation and Acquisition Committees. The Board nominated Mr. Hunt to serve as a director because of his 40 years of increasingly responsible executive and senior executive finance, strategy and related operational roles, financial expertise and significant international experience, as well as his experience as Audit Committee Chair with Brown & Brown, Inc. and Penn Mutual Life. Mr. Hunt holds an active license in the State of Florida as a Certified Public Accountant.

Thomas Murphy

Mr. Thomas P. Murphy, Jr. is an Independent Director of St. Joe Co. Mr. Murphy is Chairman and Chief Executive Officer of Coastal Construction Group, a construction company, which he founded in 1989. Mr. Murphy has 49 years of construction and development experience, which encompasses hospitality, resort, single and multi-family residential, commercial, educational and industrial projects. Mr. Murphy is an honorary board member of Baptist Health Systems of South Florida and is a member of the Construction Industry Round Table, the National Association of Home Builders and the Florida Home Builders Association. Mr. Murphy also co-founded Seaboard Construction, which he grew to become one of the largest general contractors in Florida, selling the company in 1988 to Turner Construction, the largest general contractor in the United States at the time. Mr. Murphy has served as a director of Interval Leisure Group, Inc. (NASDAQ) since August 2008. The Board nominated him to serve as a director because of his valuable entrepreneurial skills and extensive knowledge of construction and real estate in Florida as well as his experience serving on the board of directors of a public company.

Basic Compensation

Name Fiscal Year Total

Bruce Berkowitz

--

Jorge Gonzalez

894,911

Marek Bakun

654,526

Elizabeth Walters

--

Patrick Murphy

314,332

Susan Mermer

279,342

Cesar Alvarez

142,500

Howard Frank

137,500

James Hunt

92,506

Thomas Murphy

125,006
As Of  30 Dec 2017