Tejon Ranch Co. announced that as a result of this newly created office, Mr. Allen E. Lyda will resign from the office of Chief Operating Officer on March 28, 2022. As Chief Operating Officer/Chief Financial Officer, Mr. Lyda will supervise operations of the Company that include finance, investment, investor relations, farming, mineral and water operations, and human resources, and will serve as the Company's Principal Financial Officer.

On March 28, 2022, the Company will be appointing Robert D. Velasquez to the office of Chief Accounting Officer. Mr. Velasquez will supervise operations of the Company that include accounting functions, regulatory reporting, financial analysis, and internal controls. Mr. Velasquez continues to serve as Senior Vice President, Finance for the Company and as the Company's Principal Accounting Officer.

Mr. Velasquez joined the Company in 2014.