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St. Joe shareholder seeks to replace board

February 17, 2011 09:44AM

Two days after two board members resigned, the St. Joe Company’s biggest
shareholder said it is looking to replace the developer’s entire board.
Miami-based Fairholme Fund said it hired executive search firm Spencer
Stuart to oversee a process allowing shareholders to suggest candidates.
Fairholme suggested former Florida Gov. Charlie Crist and Carnival COO
Howard Frank as potential members. St. Joe, which is based in
Jacksonville, is weighing its options, including a potential sale. [Miami