FORT LAUDERDALE, FL -- (Marketwired) -- 06/08/17 -- BBX Capital Corporation (OTCQX: BBXT) -- Bluegreen Corporation, ("Bluegreen Vacations" or "Bluegreen"), a wholly-owned subsidiary of BBX Capital Corporation ("BBX Capital"), today announced that it has named Shawn Pearson as Chief Executive Officer of Bluegreen Corporation.
"Shawn is no stranger to the BBX Capital family of companies. In 2015 he joined Renin Holdings, LLC, also a wholly-owned subsidiary of BBX Capital, as Chairman and CEO. During this period he has been a passionate and focused leader, developing strategies at a high level," commented Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital and Chairman of Bluegreen Corporation. "We believe Shawn has the background and acumen to lead Bluegreen forward, and we welcome him to the Bluegreen team."
Previous to joining Renin, Mr. Pearson was President of Danby Products, in Ontario, Canada, which is one of the leading manufacturers, distributors and marketers of appliances in North America. While at Danby, Mr. Pearson led Danby's expanded sales to big box retailers such as Home Depot, Costco, and Walmart. He also oversaw entry into Asia, and a strategic acquisition that resulted in substantial growth in distribution channels and product development.
Mr. Pearson attended Old Dominion University, holds an MBA from the Ivey School of Business at the University of Western Ontario, and is also a member of the Great Lakes Ontario Chapter of the Young Presidents Organization (YPO).
About BBX Capital Corporation
BBX Capital Corporation (OTCQX: BBXT)(OTCQX: BBXTB), formerly BFC Financial Corporation, is a diversified holding company whose principal activities are its ownership of Bluegreen Corporation and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses.
Bluegreen, founded in 1966 and headquartered in Boca Raton, Florida, is a sales, marketing and management company, focused on the vacation ownership industry. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 200,000 owners, 66 owned or managed resorts, and access to more than 4,300 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, fee-based resort management, financial services, and sales and marketing services, to or on behalf of third parties.
As of March 31, 2017, BBX Capital had total consolidated assets of $1.4 billion, shareholders' equity of $477.9 million, and total equity of $521.6 million.
For further information, please visit our family of companies:
BBX Capital: www.BBXCapital.com
Bluegreen Corporation: www.BluegreenVacations.com
This press release contains forward-looking statements that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. Past performance and perceived trends may not be indicative of future results and there is no assurance that Mr. Pearson will achieve success at Bluegreen. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission, which are available in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, and its Annual Report on Form 10-K for the year ended December 31, 2016, which may be viewed on the SEC's website, www.sec.gov, or on BBX Capital's website, www.BBXCapital.com. BBX Capital cautions that the foregoing factors are not exclusive.
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Source: BBX Capital Corporation