The Real Deal Miami

Durden named acting CEO at St. Joe

March 07, 2011 04:15PM

Hugh Durden has been named acting CEO of the St. Joe Company in the wake of the resignation of Britt Greene, the real estate developer said late Friday. Durden, 68, has been chairman of the company’s board since August 2008 and will serve as CEO for no more than two months, according to a regulatory filing with the Securities and Exchange Commission. Greene resigned last week as part of an agreement with Fairholme Fund, St. Joe’s largest shareholder, and will take more than $4 million in severance. Fairholme managers Bruce Berkowitz and Charlie Fernandez, who had resigned from the board in February, were also named chairman and vice president of the company’s board of directors Friday, the filing said. [SFBJ]