Kaanapali Land, LLC announced that Gailen J. Hull has retired as the Company’s principal financial officer and principal accounting officer, effective June 1, 2018. As of the Effective Date, Stephen Lovelette succeeded Mr. Hull as the Company’s principal financial officer. Stephen Lovelette has been an Executive Vice President of KLC Land Company, LLC since 2000 and the Company since May 2002. In addition, the company is announcing that as of the Effective Date, Richard Helland succeeded Mr. Hull as the Company’s principal accounting officer. Richard Helland has served as Vice President of the company during the past five years. Mr. Helland has been associated with JMB since July 2002 and is a Certified Public Accountant.
Kaanapali Land, LLC operates through two segments: Property and Agriculture. The Agriculture segment is primarily engaged in farming, harvesting and milling operations relating to coffee orchards pursuant to farming agreements with the LOA and a related entity. The Company also cultivates, harvests and sells bananas and citrus fruits and engages in certain ranching operations. The Property segment primarily develops land for sale and negotiates bulk sales of undeveloped land. The Property and Agriculture segments operate exclusively in the State of Hawaii. The Company's developable lands are located on the west side of the Island of Maui in the State of Hawaii. The majority of the developable lands are located near to the Kaanapali resort area. Its agricultural operations consist primarily of cultivation, milling and sale of coffee. The Company sells milled green coffee under the brand name Mauigrown Coffee mainly to interisland Hawaii customers.