JACKSONVILLE, Fla.,
March 13, 2017 /PRNewswire/ -- FRP
Holdings, Inc. (NASDAQ-FRPH)
The Company today announced that Thompson S. Baker II, its Chief
Executive Officer, has resigned his CEO position to accept a new
position as Senior Vice-President of Vulcan Materials Company. Mr.
Baker also will resign as a director of the Company. The Board has
named John D. Baker II, currently Executive Chairman of the
Board, to the position of Chief Executive Officer. These changes
are effective March 13, 2017.
John D. Baker II, Executive
Chairman of the Board, stated: "The Company has been extremely
fortunate to have had the excellent services of Tom Baker as CEO for these past six plus
years. Under his leadership we separated and distributed
tax-free our transportation operations in January of 2015 as an
independent public company. His leadership of both these companies
post‑spin has been most successful resulting in a substantially
higher combined market cap today than when the two companies
operated under one public umbrella. We commend Tom for his many
achievements in leading this Company and wish him great success in
his new endeavors with Vulcan Materials."
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SOURCE FRP Holdings, Inc.