FORT LAUDERDALE, FL -- (Marketwired) -- 01/29/18 -- BBX Capital Corporation (NYSE: BBX)(OTCQX: BBXTB) ("BBX Capital" or the "Company"), today announced that the Company's Chief Financial Officer, Raymond S. Lopez, was named the 2018 Chief Financial Officer of the Year by the South Florida Business Journal at their annual CFO Awards event.
The CFO Awards, a unique awards program created by the South Florida Business Journal, acknowledges that today's CFO is relied on more than ever to not only deliver a strong finance organization, but to act as a business partner who assists in leading the organization's strategy. The awards honor a small group of individuals in South Florida for their dedication to their occupation, their industries and communities. Mr. Lopez was recognized as 2018 CFO of the Year in the more than a half a billion-dollar category at the South Florida Business Journal event which took place on Thursday, January 25th, at the Signature Grand in Davie, near Fort Lauderdale, Fl.
"Ray joined Bluegreen Vacations in 2004 and joined BBX Capital, Bluegreen's parent company, in 2015. In addition to his thorough knowledge of the timeshare and hospitality sector, Ray has a drive and deep understanding of BBX Capital's goal of value creation and is focused on building long-term shareholder value," commented Alan B. Levan, Chairman and CEO of BBX Capital Corporation and Chairman of Bluegreen Vacations Corporation. "We applaud Ray for his accomplishments and recognition as the 2018 CFO of the Year."
About BBX Capital Corporation:
BBX Capital Corporation (NYSE: BBX)(OTCQX: BBXTB), is a diversified holding company whose activities include its approximate 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its Real Estate and Middle Market Divisions.
As of September 30, 2017, BBX Capital had total consolidated assets of $1.5 billion, shareholders' equity attributable to BBX Capital of $493.7 million, and total equity of $539.9 million. At September 30, 2017, BBX Capital's book value per share was $5.08 compared to $4.70 at September 30, 2016. For additional information, please visit www.BBXCapital.com.
About Bluegreen Vacations Corporation:
Bluegreen Vacations Corporation (NYSE: BXG), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 211,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation. For further information, visit www.BluegreenVacations.com.
About the South Florida Business Journal and American City Business Journals:
Through print, online and face-to-face events, The South Florida Business Journal offers business leaders many avenues for making connections and gives them a competitive edge locally, regionally and nationally, and provides the latest breaking business news, updated throughout the day. For further information, please visit: https://www.bizjournals.com/southflorida. American City Business Journals is the largest publisher of metropolitan business newsweeklies in the United States, with 43 business publications across the country reaching more than 3.6 million readers each week. For further information, please visit: https://acbj.com/.
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Source: BBX Capital Corporation and Bluegreen Vacations Corporation