Tejon Ranch CO Reports Retirement of Executive Vice President

Tejon Ranch Co. (NYSE: TRC) recently disclosed in an 8-K filing that on December 6, 2024, Allen E. Lyda, Executive Vice President, Chief Operating Officer, Assistant Secretary, and Assistant Treasurer, informed the Company of his decision to retire effective March 1, 2025. Mr. Lyda has been a pivotal part of the company for nearly 35 years, having held various leadership positions since he first joined in April 1990, including the role of Chief Financial Officer from 1999 to 2023.

In a heartfelt letter accompanying the filing, Allen E. Lyda expressed his deep gratitude for his time at Tejon Ranch, highlighting it as a rewarding experience working alongside the team to shape the company’s growth trajectory. Mr. Lyda shared that while the decision to retire was a difficult one for his family and himself, he is looking forward to exploring new opportunities as he moves into this next phase of his life.

Throughout his tenure, Allen E. Lyda had the opportunity to collaborate not only with the current CEO but also with former executives, fostering a dynamic environment for the company’s progress and development. He extended his appreciation to the Board of Directors and the CEO for the support and opportunities provided to him during his time with Tejon Ranch.

Following this announcement, the company detailed that the retirement of Allen E. Lyda will come into effect as of March 1, 2025. In response to this change, Tejon Ranch expressed its gratitude for Mr. Lyda’s longstanding dedication and wished him success in his future endeavors.

The filing further included the necessary information on financial statements and exhibits relating to this announcement.

In conclusion, Tejon Ranch Co. acknowledges the invaluable contributions made by Allen E. Lyda and looks forward to the upcoming transition period as it continues to navigate its path forward.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Tejon Ranch’s 8K filing here.

Tejon Ranch Company Profile

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.